Question
Why is ASIC overriding Officer cessation dates?
Answer
In line with an anti-phoenixing legislation that came into place earlier this year, NowInfinity will now prompt you when lodging changes through Forms 484B1, 484B12 and 484E, with an effective date of cessation with more than 28 days in the past.
If you have selected to lodge the cessation outside of 28 days, you will need to confirm whether you want to continue, as late fees will be applicable and the date of cessation will be replaced by ASIC to the lodgement date:
Further information on this legislative change available on ASIC's website.