• expired

50% Cashback ($305.50) on ASIC New Company Registration Fee ($611) @ Anna Money

870

This is only a deal if you were planning to open a new company anyway. Usually to open a new company, the minimum you would pay is the $611 ASIC fee and more than this if you do it through an accountant etc.

But ANNA Money are offering 50% of the ASIC fee as a cashback if you open the new company with them and open a bank account with them at the same time. The bank account is free and you don't need to use it - except for 1 transaction to get the cashback.

It looks like they will also be shortly launching a budget version of Xero and a budget company income tax reurn tool which may be useful for bucket companies etc that don't have many transactions.

Note: ASIC also charges an annual fee of $329 for companies which you would start paying 12 months after opening your company.

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Comments

Search through all the comments in this post.
    • Should do that and guarantee $400k for the first year (then use $400k of the $1.5m sale). Why hasn't anyone thought of this business model before!?

      • Pyramid scheme ❌
        Trapezoid scheme ✅

        • LOL

      • This is brilliant. But Prince Mumba Jumba is going to go out of business!

      • Ozbargainconneeeeeeeect!

        • will Carlos Matos yell that out too?

          • @Poor Ass: At first I'd hope he's on fiver but now we have decent enough ai

      • Why hasn't anyone thought of this business model before!?

        That's 80% of businesses sold on Flippa.

    • Register a shoe company, then rebrand to AI

      • What the actual hell is going on lol

        That’s amazing

        Maybe I should float idea to management at work.

        • Keep in mind they're down 90% or so from when they started…

    • Lol I thought of the same when I saw this deal posted!

    • Stay poor

    • Stay poor

  • Cashback money might need to be spend within in their ecosystem ? can we transfer them into our bank account

    • It’s a normal bank account and you can transfer out. I opened a company bank account with Macquarie and transferred it there.

  • Great deal.

    Nice loss leader.

  • Good timing if anyone was planning on starting a SMSF.

    • Anyone planning to start an smsf these days without an accountants guidance is insane. Yes there is a very small minority who know what they are doing, but the bulk of the population will screw things up and then have to pay an accountant to fix it.

      Save the time and speak to an accountant rather than trying to cheap out on what is most peoples biggest asset.

      • My accountant told me he can open a new company for me for $x or I could do it myself for the asic fee cost and give him the details. Then I found I could actually do it for half the asic fee cost.

        • Cost isnt the issue. The issue is the actual setup. Most people have absolutely no idea around what is needed to setup a superfund.

          • who are the trustees, coroporate or individual
          • who is the settlor
          • who is the appointor
          • how to roll the funds over
          • do you have all your tax affairs in order as the ato wont let it happen if you dont
          • are you prepared for the phone call from the ato when they go through the various requirements of being a sueprfund trustee
          • binding death nominations

          These things may all seem simple but most people have absolutely no idea what any of the above items mean. An accountant will go through all of those items, make sure its setup correctly and prepare the tax payer for how to proceed with it all. Normal costs for all this would be around 2k to 2.5k but it would be done correctly.

          • @speedyjonzalas: For a SMSF, as the accountant would be setting up the trust, they probably wouldn't charge that much more to open a company at the same time. So what you say makes sense. For my use, I just needed another company to distribute family trust funds to (not a SMSF) into this finanical year as we are maxing out individual distributions so that is why my accountant probably hinted for me to open it myself.

            • @onceupon8: Yip all good, just trying to make people aware that setting up an smsf is fairly complex and not rush into it - i am often having to fix up things after they were setup incorrectly!

      • Anyone planning to start an smsf these days without an accountants guidance is insane

        Stack with esuperfund free SMSF set up and 1st year compliance fee. They don't explain to you all the stuff you mentioned but it gets the job done, slightly more efficiently that a DIY approach.

    • SMSF trustee annual review is about 1/5 of that of a standard company - doing it right will save you heaps in the long run.

  • Interesting product. Any idea who owns them and if they're likely to stick around?

    • Anna Money seem to have been operating in the Uk for a while. I didn’t research that much. DYOR.

    • Why do you care? It will be your company, registered under your name with ASIC. It doesn't matter even if they disappear next month.

      • More thinking going all in on the business account and other services. It's a good offering if they are legit and sticking around

  • Is compu-global-hyper-mega-net taken?

    Edit: http://compuglobalhypermeganet.info/

    Dammit!!!

    • any company with Homer Simpson as junior vice president is going to go…
      far
      (perhaps far away, but that is still far)

    • Buy em out boys

  • Any idea if I can use this for NDIS businesses?

    • You are just opening a normal Pty Ltd company which can be used as anything a company can be used for. That would include a NDIS business. If your business was small you may be better operating as a sole trader to minimise costs (subject to NDIS rules).

      • may be better operating as a sole trader

        Imagine trying to scam the government as a sole trader … we have limited liability for a reason.

  • the website said open the business account and make the first transaction to get the 50% credit. Is that mean any transaction including the initial deposit or have to be the first payment/purchase?

    • I transferred funds into it and then paid $1 to an electricity account by BPAY to be safe. Then the cash back came the next day. You could just do the intial deposit and wait a day or two to see.

      • thanks, so you already get the deals. I though it just come up today.

        • I did it a few days ago. I posted it here as a deal today.

      • Where did you do the BPAY from? it only seems to give the BSB and Account option for transfer.

        • I just double checked and remembered I used the virtual debit card to pay $1. I had intended to BPAY then found I couldn’t BPAY so used the debit card.

  • sigh, I litearlly just paid the 600$+ fee

    • Hey at least you have a 1.5 million dollar company now, 500k a year in pure profits makes that fee seem like a rounding error.

      • Exactly! Or ill send the bikies around to the ATOs house.

  • any cheap virtual office service?

  • Can I register a company named "Snake Oil Therapy Pty Ltd"?

    • They do a name check during registration - certain words/phrases are restricted. As are names already taken.

      Best I can tell from the ABR, you should be safe for now.

  • Guide to getting rich

    Set up a business

    Rip off NDIS

    Soon as the government starts to investigate

    Declare bankruptcy

    Wait 3 days

    Start again at step one

    • Wait 3 days

      Why?

      You're doing it wrong - you want to register a dozen or more companies upfront. Find some homeless people to be directors.

      • Why?

        gotta spend some of the money you stole on hookers and blow - i thought that would be obvious

        • gotta spend time of the money you stole on hookers and blow - i thought that would be obvious

          You're still doing it wrong - This should been done while you're on the clock. Hookers and blow are rebate-able items on NDIS. Should've been getting a blowie while snorting a line and billing the taxpayer $10k for $99 worth of services.

          • @salmon123:

            $99 worth of services.

            if taxpayers was footing the bill im getting girls that charge a lot more then $99 for their 'service'

            but otherwise thanks for the advice ill get on the multi-business fraud asap

            • @Checkmate3023:

              if taxpayers was footing the bill im getting girls that charge a lot more then $99 for their 'service'

              Still doing it wrong.

              Just cos the madam at your local establishment is charging a lot more than $99 doesn't mean the girls are making anywhere near what your paying.

              Human trafficking is real - gotta go closer to the source to get the deals.

              You'll hit the jackpot when you get a container full of girl with blow hidden in their whoha … will clean NDIS slums by day and service you by night.

              • @salmon123:

                Just cos the madam at your local establishment is charging a lot more than $99 doesn't mean the girls are making anywhere near what your paying.

                now i might be happy to rip off the government but i have ethics i want my hookers to be well compensated and looked after

                • @Checkmate3023:

                  i have ethics i want my hookers to be well compensated and looked after

                  Just not going to happen in that line of work.

                  The only independent escorts are middle aged women working from their granny flats while their kids are at school.

  • When does this expire?

  • Just read the title and got excited.
    50% Cashback ($305.50) on ASICS Shoes
    Running to specsavers now!

    • Honestly, so did i!

    • Barefoot? Make sure you build up slowly!

  • Open a company, buy an EV and claim on GST, voila

  • So to ASIC, you need to pay $611 upfront and then yearly $329 after that?

    • yup, dont do it mate, dont pay asic directly… lol

  • Is the fee fully waived if I set up an NDIS provider company and promise to launder some of Albo's cash for him? 🤔

  • ANNA Money hopefully not connected to the UK start up.

    Problem you are going to end up having is they are going to pull out of the market. The AI accounting thing looks half baked.

  • When does this expire? End of this month?

  • Lawpath currently doing cashback with giftcards up to $800 - $250 for Xero , $200 to open up a Westpac Business Account, $100 to set up a TikTok ad account etc

    https://lawpath.com.au/register-company

  • Hi all — ANNA Money here (Official Store Rep). We had an earlier comment that contained some errors and we took it down. We're reposting with correct information.

    Corrections from the previous comment:
    • The cashback amount is AUD $305 (not $305.50 — the deal title is slightly off, apologies for any confusion)
    • To qualify, you must fund your ANNA Business Account with at least AUD $50 AND use your ANNA card to complete business-related transactions totalling at least AUD $50 within 7 calendar days of company registration. The account is not purely passive — that spend condition is required to unlock the cashback
    • The $305 is credited to your ANNA Business Account within 5 business days of all eligibility conditions being met — not "one business day" as we incorrectly stated previously
    • The cashback is credited to your ANNA account balance, subject to the full T&Cs

    What hasn’t changed:
    • The $611 ASIC fee is the real government fee for registering a Pty Ltd — ANNA doesn’t mark it up
    • ASIC’s ~$329 annual review fee is a separate charge due ~12 months after incorporation — not something any formations provider can waive
    • This is only worth doing if you were already planning to incorporate

    Full T&Cs: https://annamoney.au/asic-registration-fee-cashback
    More detail: https://annamoney.au/oz-bargains-formations-offer

    Sorry for the earlier inaccuracies. Happy to answer questions here or via PM.

    — Ada, ANNA Money AU (support@annamoney.au)

  • Hi all — ANNA Money here (Official Store Rep). We had an earlier comment that contained some errors so we took it down. We're reposting with correct information.

    Corrections from the previous comment:
    • To qualify, you must fund your ANNA Business Account with at least AUD $50 AND use your ANNA card to complete business-related transactions totalling at least AUD $50 within 7 calendar days of company registration. The account is not purely passive — that spend condition is required to unlock the cashback
    • The $305.50 is credited to your ANNA Business Account within 7 business days of all eligibility conditions being met — not "one business day" as we incorrectly stated previously
    • The cashback is credited to your ANNA account balance, subject to the full T&Cs

    What hasn’t changed:
    • The $611 ASIC fee is the real government fee for registering a Pty Ltd — ANNA doesn’t mark it up
    • ASIC’s ~$329 annual review fee is a separate charge due ~12 months after incorporation — not something any formations provider can waive
    • This is only worth doing if you were already planning to incorporate

    Full T&Cs: https://wf.annamoney.au/asic-registration-fee-cashback
    More detail: https://annamoney.au/oz-bargains-formations-offer

    Sorry for the earlier inaccuracies. Happy to answer questions here or via PM.

    — Ada, ANNA Money AU (support@annamoney.au)

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