(1) A company that is an authorised audit company must, within one month after the end of:
(a) the period of 12 months beginning on the day on which the company became registered as an authorised audit company; and
(b) each subsequent period of 12 months;
lodge with ASIC a statement in respect of that period.
(1A) A statement under subsection (1):
(a) must contain such information as is prescribed in the regulations; and
(b) must be in the prescribed form.
(2) ASIC may, on the application of an authorised audit company made before the end of the period for lodging a statement under subsection (1), extend, or further extend, that period.
(3) An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
(4) A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).