PSIRA Annual Compliance Certificate: How to Obtain and Renew

Registering with PSIRA is not a "fire and forget" task. To remain legal and eligible for tenders, you must maintain your standing with the authority annually. This involves paying annual fees and ensuring your company details are up to date.

The Annual Cycle

PSIRA fees are payable annually. The financial year for PSIRA runs from 1 April to 31 March. You must pay your annual fees before the deadline to avoid penalties and suspension.

How to Renew

1. Check Your Statement: Log in to the PSIRA online system or contact their finance department to get your current statement.
2. Calculate Fees: Fees are determined by the size regarding the number of security officers you employ.
3. Make Payment: Pay via EFT. Use your Check Digit / PSIRA Number as the reference.
   • Tip: Keep proof of payment safe.
4. Submit Return: You may need to submit a return indicating your current number of employees to ensure you are billed correctly.

Letter of Good Standing

A Letter of Good Standing is crucial for tenders. It proves that your annual fees are paid and you are compliant.

• Requirement: You cannot get this letter if you owe PSIRA money or if your directors' individual registrations have lapsed.
• Validity: These letters are usually valid for 90 days or until the end of the financial year, depending on when it is issued.

Consequences of Non-Renewal

• Suspension: Your registration will be suspended.
• Penalties: Late payment attracts interest and penalties.
• Tender Disqualification: You will fail the compliance check for any government tender.
• Illegal Operation: Operating while suspended is a criminal offense.

Conclusion

Set a reminder for March each year to sort out your PSIRA renewals. It is a small administrative task that protects your business's ability to trade.