Make sure you've:

• registered for ASIC online services and can log into the ASIC agent portal.
• registered for EDGE lodgement access and have an EDGE ID and EDGE Password. This is different to the username and password you use to log into the ASIC agent portal.
• Have synced your MYOB AE/AO contacts.
• If you've been using a Corporate Compliance software, make sure you download and complete any outstanding annual statements, and lodge any forms waiting to be lodged. This prevents any loss of documents and forms. See Get ready to move Corporate Compliance online.

The first task in setting up ASIC in MYOB Practice is to set up your payment profile. This is the payment profile that will be charged ASIC's fee when registering a new company, trust or self-managed super fund.

1. Log into MYOB Practice and click Settings on the left navigation bar.
2. Under Practice information, click Corporate admin.
3. Click Begin setup. A warning message appears.
4. Click Continue. The Step 1/5: Set up payment page appears.
5. Click the Select a payment profile drop down menu, and choose a payment method.
6. Select I have read and accept the terms and conditions.
7. Click Save & continue. The Step 2/5: Agent details page appears.

To lodge and prepare forms on behalf of your clients you'll need to add an ASIC agent.

We'll then automatically lodge forms RA61 and RA71 to download any company data associated with your agent. This can take anywhere from a few minutes to an few hours, depending on the number of companies you're the registered agent for.

1. From the Agent details screen, click Add ASIC agent. The Add ASIC agent window appears.

2. Select the Type of agent you want to add. The options are Individual or Company.

3. If you've selected...

   Individual	Enter the agent's first name and last name.
   Company	Enter the Company name, ACN and the Nominee's (primary contact) first name and last name.

4. Enter your unique EDGE lodgement details in the ASIC Agent's details section.
5. Click Add agent. The agent appears in the ASIC agents list.

6. Click Save & continue. Your ASIC company data begins to download.

   UI Text Box
   type tip
   You can close this window or continue to work in other areas of MYOB Practice. Your corporate compliance data will continue to download in the background.

7. Once the download completes, click Next step to link companies to contact.

You'll now need to link each company's data to their corresponding MYOB client record. We'll automatically link companies where the company name or ACN in ASIC matches the name or ACN of a client in MYOB Practice.

For any companies not linked automatically, you can manually search for an existing client or, create a new client.

1. In the Linked MYOB contact column, click Link new or existing contact.
   • To select a contact:
     1. Enter contact's name. As you type, the drop-down list will populate with contacts matching this name.
     2. Click the contact name to link the ASIC company to the a contact in MYOB Practice.
   • To create a new contact:
     
     1. Click Create new contact.
2. Once all companies are linked to an MYOB contact, click Next.

Now that you've linked each company to an MYOB client, link each officer to an MYOB contact. We'll automatically link officers where the contact's name or date of birth in ASIC matches the name or date of birth for a client in MYOB Practice.

You may not have an existing MYOB contact record for each officer, but you can create them as a contact in MYOB Practice from this window.

1. In the Linked MYOB contact column, click Link new or existing contact.
   • To select a contact:
     1. Enter contact's name. As you type, the drop-down list will populate with contacts matching this name.
     2. Click the contact name to link the ASIC officer to the a contact in MYOB Practice.
   • To create a new contact:
     
     1. Click Create new contact.
2. Once all officers are linked to an MYOB contact, click Next step.

You're almost done! Lastly, link each ASIC shareholder to their associated MYOB contact record.

You may not have an existing MYOB contact record for each shareholder, but you can create them as a contact in MYOB Practice from this window.

1. In the Linked MYOB contact column, click Link new or existing contact. The field becomes editable.
   • To select a contact
     
     1. Enter contact's name. As you type, the drop-down list will populate with contacts matching this name.

     2. Click the contact name to link the ASIC company to the relative contact record in MYOB Practice.

   • To create a new contact:
     
     1. Click Create new contact.
2. When all shareholders are linked, click Finish.

If you have multiple employees, you might also want to disable access to MYOB Corporate Compliance (if applicable) to prevent them from lodging in the desktop software.