Query
I have prepared a Form in CAS 360. The document screen is showing a penalty amount beside this form.
What is this amount and how is it calculated?
The penalty shown in CAS 360 is an estimate only. No fee is owed until ASIC processes the late lodgement
Solution
The Penalty column in the Document screen represents the potential late fee penalty that may apply if you lodge the document to ASIC.
This does not represent the penalty that the company currently owes to ASIC. It is a forecast only, not a confirmed debt.
The penalty is calculated based on if the form is late in addition to the late fees that apply based on how many Annual Reviews for the company have passed in which this Form should have already been lodged.
See also, How are the Lodgement Due Dates calculated?, Annual Statements
How CAS 360 calculates the estimate
ASIC charges late lodgement fees on a tiered scale based on the number of days a document is overdue. CAS 360 uses this same scale to calculate and display a penalty figure automatically.
The estimate is based on:
- The document's original due date
- The date the document is marked as lodged in CAS 360
- ASIC's current late fee tiers
Example:
- Preparing a company change where the date of the change was 12/06.
- The company annual review date is 01/09 (1st September).
- The form will be lodged on 01/12/2026.
Current late fees (as of 01/07/2026):
Late fees for late documents:
| Lodgement or payment up to one month late | $102 |
| Lodgement or payment over one month late | $428 |
Late fees for every annual review date passed when the change was not lodged
| Change of details lodged up to one month after a change occurred | $102 |
| Change of details lodged more than one month after a change occurred | $428 |
The late fee will be calculated as follows:
The form was late by over a month = $428
The form was not lodged after 7 annual reviews = 7 * 428 = $2996
Total penalty = 428 + 2996 = $3424
How to check the current penalty estimate
- Navigate to the Documents screen and locate the relevant lodgement.
- Review the Penalty column or open the document to see the estimated fee.
- Note the due date and the lodgement date shown.
What to do if you believe the penalty is incorrect
Check that the lodgement date recorded in CAS 360 matches the date ASIC received the document.
If ASIC has invoiced a fee you believe should not apply, you can apply for a late fee waiver directly through ASIC.
Apply for a late lodgement fee waiver - ASIC