Need to fix an error with ASIC? Here’s how to use Form 492 the right way.
Mistakes happen in business admin, whether it’s a wrong date, misspelled name, or incorrect shared detail lodged with ASIC. If you’ve made an error on a previously submitted company form, ASIC Form 492 is the tool you need to fix it.
In this guide, we’ll walk you through what ASIC Form 492 is, when you need it, and how to lodge it correctly. Whether you’re a sole director or managing a growing company, you’ll leave with the clarity and confidence to get your company records back on track.
What is ASIC form 492?
ASIC Form 492, officially called a Request for Correction, is what you use to fix errors on documents you’ve already lodged with ASIC. Think typos, wrong dates, or incorrect figures on past submissions. It’s your way of telling ASIC, “Hey, that wasn’t quite right, here’s the correct info.”
But here’s the key: Form 492 is only for correcting mistakes, not for reporting new changes. If you need to update your company’s current details, like a new director, a different address, or a change in share structure, you’ll need to use ASIC Form 484 instead.
Using the wrong form can lead to delays or even rejection, so it’s worth getting it right the first time. If you’re fixing a past error, Form 492 is your go-to. If you’re making a real-time update, it’s time for Form 484.
Why should you correct errors with form 492?
Spot a small typo in your ASIC records? Don’t ignore it. Even minor mistakes can cause big problems down the track.
Keeping your company details accurate on ASIC’s public register isn’t just good housekeeping, it’s a legal requirement. Your ASIC file is often checked by:
- Banks (for loans or credit)
- Suppliers (for trade accounts)
- Investors (for due diligence)
- Government agencies (for compliance)
Something as simple as a wrong address can lead to failed credit checks, delays in licence approvals, or missed notices. In more serious cases, you could face penalties or late fees if incorrect details go uncorrected.
Using ASIC Form 492 to fix errors quickly helps keep your business compliant, protects your credibility, and avoids unnecessary admin headaches.
Learn How to Avoid ASIC Late Fees
Who Can Lodge a Form 492?
Form 492 must be lodged by someone authorised to act on behalf of the company. That usually means:
- A current company director or company secretary
- Or your ASIC-registered agent (like a corporate service provider managing your compliance)
Whoever submits it needs to have the right authority, and the correct info, to make the change. That way, ASIC can trust the update and process it without delays.
When to use form 492
ASIC Form 492 is your go-to fix-it form when something you’ve already lodged contains an error. It’s not for reporting new changes, that’s what Form 484 is for. This one’s strictly for correcting factual mistakes in a document you’ve already submitted.
Here are some common examples where Form 492 is the right move:
- Director details are wrong: a typo in the name or date of birth on a Form 484
- Incorrect officeholder address: wrong residential or office address on a previous submission
- Spelling mistake in your registered or business address
- Shareholder info needs correcting, like the number of shares, class of shares, or amount paid
- Wrong start or end dates for a director or secretary
- Duplicate lodgements, if the same change was accidentally submitted twice
- Errors in your original company registration form (Form 201)
- Incorrect details for AFS licensees or credit licensees, including activities or licence data
If the info was wrong at the time you submitted it, Form 492 is the form you need. If the info has changed since the form was lodged, you’ll need to update that separately with Form 484.
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Essential components of Form 492
The form is pretty straightforward, but it’s important to get each section right to avoid delays. Here’s what you’ll need to complete:
- Company details
Include your full legal company name and either your ACN or ABN. Make sure the numbers match ASIC’s records. - Reference to the document with the error
You’ll need to identify:
- The form number with the error (e.g. Form 484, Form 201)
- The date you lodged it with ASIC
Pro tip 💡: ASIC can’t fix what it can’t find, so these details are essential.
- What needs fixing
Clearly show:
- The incorrect information exactly as it was submitted
- The correct information that should have been lodged
Pro tip 💡: Be specific, copy the error word-for-word, then provide the correct version right below it.
- Reason for the correction
A short explanation is fine: “clerical error”, “typo”, or “incorrect date of birth” does the job. - Declaration and signature
The form must be signed by someone authorised to act on behalf of the company, like a current director, secretary, or your ASIC-registered agent.
How can Sleek help
Not sure how to lodge Form 492, or just want to save time?
Sleek’s experts can:
- Review your records and pinpoint what needs correcting
- Prepare and lodge ASIC Form 492 accurately
- Handle other company changes using Form 484
- Keep your ASIC records updated, clean, and compliant
Whether you’re fixing a simple typo or untangling historical errors, we’ve got your back.
What is BAS?
5 steps to submit Form 492
Lodging ASIC Form 492 doesn’t have to be a headache, if you follow the right steps. Here’s a clear, practical breakdown to help you lodge the correction form smoothly and avoid unnecessary delay
1. Pinpoint the error
Start by reviewing the original document you submitted to ASIC. Identify:
- The exact error (word for word)
- The correct information
- The form number it appeared on (e.g. Form 484, 201, etc.)
- The date it was originally lodged
This step is all about accuracy, get your facts right before you fill anything out.
2. Download the latest version of Form 492
Go to the ASIC website and find Form 492, request for Correction in the Companies forms section. It’s usually available as a downloadable PDF.
Pro tip 💡: Always use the most up-to-date version. An outdated form can be rejected.
3. Fill out the form carefully
Whether you’re typing it or filling it out by hand, take your time. Use block letters if handwritten and ensure you:
- Enter your company name and ACN/ABN exactly as registered
- Clearly state the form number and lodgement date of the document with the error
- Write the incorrect info exactly as it appears, and then the correct info
- Complete all relevant fields. If something doesn’t apply, write ‘N/A’ where appropriate
Clarity and precision matter here, ASIC won’t correct a vague or incomplete request.
4. Get it signed by the right person
The form must be signed by someone authorised to act on behalf of the company:
- A current director or secretary, or
- Your ASIC-registered agent
- Make sure the signer includes:
- Their full printed name
- Their role (e.g. Director or Registered Agent)
- The date of signing
Incorrect or unauthorised signatures are a common reason for rejection, so don’t skip this.
5. Lodge it with ASIC
Form 492 is usually lodged by post. You’ll find the correct mailing address on the form or ASIC’s contact page.
- Keep a copy of the completed form for your company records, just in case.
- No fee is generally required to lodge a correction, but check ASIC’s fee schedule to confirm.
Once ASIC receives your form, they’ll review and process the request. You typically won’t receive a confirmation, but you can check your company’s public listing on the ASIC register to confirm when the update has gone through.
5 mistakes to avoid when lodging Form 492
Lodging ASIC Form 492 sounds simple, but a few common errors can slow things down, or get your request rejected altogether. Here’s what to watch out for.
Using the wrong form
Form 492 is only for correcting mistakes in documents already lodged with ASIC.
If you’re reporting a new change (like a recent address update or new director), use Form 484, not 492.
Vague or missing details
ASIC needs specifics.
- Clearly name the original form number
- Provide the exact lodgement date
- Quote the incorrect info as it appears
- Provide the correct replacement info
Ambiguity causes delays, so spell it all out.
No reason for the correction
Even a brief explanation like “typo” or “clerical error” helps. Don’t leave this blank if the form requests it.
Wrong person signing the form
The form must be signed by someone with authority, typically a current director, secretary, or registered agent.
ASIC won’t accept signatures from unauthorised parties (e.g. a former director or admin staff).
Incorrect form references
Double-check the form number and lodgement date of the document you’re correcting.
If ASIC can’t find the record, they can’t fix it, and your request won’t go through.
What to do if you are unsure about lodging Form 492
While Form 492 is often straightforward, it can get tricky, especially when you’re correcting multiple issues or dealing with historical errors.
Here’s how to make it easier:
- Check ASIC resources: Their website has guides for officeholders, correction forms, and ongoing compliance.
- Review your internal records: Double-check your own company registers before lodging any correction.
- Talk to a professional: If you’re unsure, a registered agent, accountant, or business lawyer can handle it for you and get it right the first time—especially helpful for:
- Fixing complex shareholder details
- Untangling officeholder appointments
- Updating licensee info (e.g. AFS or credit licensees)
- SMSF auditor firms
Conclusion
ASIC Form 492 might seem like just another bit of paperwork, but it’s actually an important part of staying compliant. It’s your official way to correct errors on previously lodged ASIC documents and keep your company’s public record accurate.
Using the form correctly protects your business from compliance issues, delays, and unnecessary admin headaches down the track. The key is knowing when to use Form 492 (to fix errors) and when to use Form 484 (to report actual changes) and completing it with precision.
Whether it’s a typo in a director’s name or a mistake in your share structure, correcting the record promptly builds trust with banks, investors, and regulators, and shows your business is on top of its obligations.
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