Home topics small-business-resources legal Know the rules ! Advice Employment Legislation Expert Advice 5 Things you need to do to ensure your company is compliant in 2016 Sarah Bartholomeusz January 13, 2016 The end of a calendar year marks a moment in time when we consider the goals we set for ourselves and measure them against what we achieved. We reflect on what went well and what needs improvement and we use those reflections to set our goals for the year ahead. What we don’t often do at the end of a calendar year is legal compliance housekeeping, but perhaps we should. Legislation and regulations change throughout the year and these have an impact on your business. Perhaps your company took on more employees and has a higher turnover? These are excellent indicators of growth and success but also have the potential to attract new legal obligations. Here is a list of 5 commonly overlooked legal issues you should review to ensure that your company is compliant this year: 1. Corporate Governance Corporate Governance Rules apply to every company regardless of their size, and the Australian Securities Investment Commission (ASIC) will issue fines for failure to keep your company records up to date. Make sure all relevant documents have been lodged with ASIC, and the company register is complete. Consider whether your shareholder’s agreement and constitution still reflect the nature and structure of your company. The end of the year is also a good time to follow up with your