Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 319

Lodgment of annual reports with ASIC

(1) A company, registered scheme or disclosing entity that has to prepare or obtain a report for a financial year under Division 1 must lodge the report with ASIC. This obligation extends to a concise report sent to members under section 314. (2) Subsection (1) does not apply to a small proprietary company that prepares a report in response to a shareholder direction under section 293 or an ASIC direction under section 294. (3) The time for lodgment is:

within 3 months after the end of the financial year for a disclosing entity or registered scheme; and

within 4 months after the end of the financial year for anyone else.

(5) A company that has the benefit of subsection (4) must lodge with ASIC notice of any of the following events:

the resignation or retirement of the company's auditor;

the appointment of a new auditor (including details of the new auditor).

The notice must be lodged within 14 days after the resignation, retirement or appointment.

(6) For the purposes of paragraph (4)(d), the deadline for reporting to members is:

for a financial year ending after 1 July 1998—the deadline for reporting to members under section 315; and

for an earlier financial year—the deadline for that year within the meaning of the old Corporations Law for a State or Territory in this jurisdiction as in force immediately before 1 July 1998.

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