Changing review date of company or scheme
Each year we send your company or scheme an annual statement shortly after the annual review date.
There are some cases where you may need to change your annual review date (i.e. to align dates across companies). A request to change a review date will be considered if the company or companies have:
- a common ultimate holding company
- a common officeholder
- a common responsible entity
- exceptional circumstances
We will not change the annual review date to assist a registered agent in managing their workload (i.e. spread the review dates of the companies represented evenly across the year).
- How do I apply to change my review date?
- If I change my review date when does the new review take affect?
- Will changing my review date result in two annual reviews for the year?
How do I apply to change my review date?
You can apply at any time if you are:
- an officeholder of the company or
- a responsible entity for a scheme.
To apply complete the Application to change the review date of a company or registered scheme (Form 488). Only one application is required if you want to align multiple companies or schemes.
You must include the application fee with the form.
It may take us up to 28 days to consider your application. We will write to tell you the outcome.
If I change my review date when does the new review take affect?
| If... | Then the change applies... | Example |
|---|---|---|
| the original review date is later than the new review date | before the next anniversary of the original review date |
If your application is approved in September 2015 and your request is to change the review date from:
the change will take effect immediately. The next review date will be on 12 November 2015. |
| the original review date is earlier than the new review date | after the next anniversary of the original review date |
If your application is approved in September 2015 and your request is to change the review date from:
the change will take affect after 26 February 2016. The next review date will be:
|
Will changing my review date result in two annual reviews for the year?
Changing your review date can result in two annual reviews in the first financial year. The annual review fee is only payable on the first annual statement and no charge applies on the second annual statement.
All other requirements do apply. This includes the need to review and change your details and pass a solvency declaration.
| If you apply on… | And your current review date is… | And you want your new review date to be… | Then you will have… |
|---|---|---|---|
| 1 August | 1 October | 1 December | two annual reviews in a financial year. |
| 15 May | 1 October | 15 February | two annual reviews in a financial year. |
| 1 December | 1 October | 1 February | two annual reviews in a financial year. |
| 15 January | 1 March | 15 October | one annual review in each financial year. |
| 15 August | 31 January | 15 October | one annual review in each financial year. |