42 - Keeping your company in order β why knowing how your company operates matters
The Crucial Role of Accurate Company Records: Lessons from WCXM v. Vanguard In this episode of Business Know How, host Melissa Bush explores the importance of keeping company records up to date with the Australian Securities and Investments Commission (ASIC). Using the WCXM v. Vanguard court case as a primary example, Melissa emphasizes the significant consequences of administrative neglect and shares practical tips for maintaining compliance. Topics include updating registered office addresses, ensuring accurate financial records, the role of accountants, and staying proactive in corporate governance. The episode also offers a free compliance checklist for company directors.
00:00 Introduction: The Importance of Company Compliance
00:53 Welcome to Business Know How
01:51 Setting Up a Company in Australia
02:12 The Role of a Registered Office
03:09 Financial and Compliance Obligations
03:53 The Importance of Professional Help
05:07 Case Study: WCX M4 PT Pty Ltd v Vanguard Australia Pty Ltd
08:13 Lessons for Company Directors
10:24 Conclusion and Free Compliance Checklist
Download your Director Checklist here
ASIC Changes to Company Details
WCX M4 PT Pty Ltd v Vanguard Australia Pty Ltd [2025] FCA 1341
