ASIC are the entity that is supposed to monitor the behaviour of companies, their directors and shareholders to ensure that fairness and justice abound.

They are supposed to ensure that OneTel pays their bills and dividends, and that HIH are around to honor their policies.

To do this ASIC require an annual return to be lodged on the Anniversary of the company's inception.

ASIC also provide the rules on how your Company Binder, share register and minutes should be maintained.