How to process corrections with ASIC (492 Form)

When can you use a 492 form?

You can use a 492 form to correct minor errors in a previously lodged form where the information submitted should have been correct at the time of lodgement.

Examples include:

1. Typographical errors (eg wrong spelling of a name)
2. Incorrect dates entered by mistake
3. Small data-entry mistakes
4. Administrative errors that don’t reflect an actual change in company information

Note: A 492 form is used to fix mistakes, not to notify of actual changes that occurred after the form was lodged.

When can you NOT use a 492 form?

You cannot use a 492 form if:

1. You are updating information because the situation has changed (eg someone resigned or changed their address after the previous lodgement).
2. The incorrect information was correct at the time but has since changed.

ASIC needs formal documentation to process the change.

In these cases, you must lodge a Form 484 – Change to Company Details (or another relevant ASIC form depending on the situation).

Below are some example scenarios of when to use which form:

How to lodge a 492 form:

1. Download the 492 form (PDF download available below).
2. Complete the form.
3. Clearly state which lodged form you are correcting (including the document number and date lodged). **
4. Specify the mistake and provide the corrected information.
5. Include supporting explanations and photocopies if necessary.
6. Ensure the form is signed by a director.
   
7. Send the form via registered post to:
   

Australian Securities and Investments Commission

PO Box 4000

Gippsland Mail Centre VIC 3841 

**The document number can be obtained from a search at  ASIC Connect at www.asic.gov.au.

How long does it take ASIC to process?

ASIC will review your correction request and:

1. If accepted, they will update the public record. This can take up to 28 days to be completed.
2. If rejected (e.g the error is too serious), ASIC may request further information.

Note: There is no fee to lodge a 492 form.

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