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Road map - financial reporting



Other topics | About the road map

Topic
  • General financial reporting requirements
    - Wholly owned entities
    - Record keeping obligations
    - Annual financial report
    - Half-yearly financial report
    - Concise financial report
    - Directors' report
    - Remuneration report
    - Audit report
    - Distribution of financial reports
    - Accountin
    g standards
  • Requirements for specific types of entities
    - Australian financial services licensee
    - Corporate trustee
    - Disclosing entity
    - Dual lodgement
    - Externally administered companies
    - Foreign entities
    - IDPS and MDAs
    - Non-reporting entities
    - Proprietary companies
    - Registered schemes
    - Stapled security issuers
    - Superannuation entities
    - Wholly owned entities
  • Accounting issues
    - Financial years
    - International financial reporting standards
    - Non-IFRS financial information
    - Offer information statements
    - Post balance date acquisitions
    - Pro forma information
    - Rounding
    - Solvency
    - Stapled securities


General financial reporting requirements



RG 58 Reporting requirements – registered foreign companies and Australian companies with foreign company shareholders
RG 85 Reporting requirements for non-reporting entities
INFO 31 Financial reports
INFO 183 Directors and financial reporting

Record keeping obligations
See also Australian companies: registers and record keeping
RG 81 Destruction of books
RG 175 Licensing: Financial product advisers: Conduct and disclosure
RG 179 Managed discretionary account services
RG 181 Licensing: Managing conflicts of interest

Annual financial report
RG 68 New financial reporting and procedural requirements
RG 95 Disclosing entity provisions relief
RG 115 Audit relief for proprietary companies
REP 21 Report on the review of 2001 & 2002 annual financial reports of South Australian securities dealers
CO 10/654 Inclusion of parent entity financial statements in financial reports

Half-yearly financial report
RG 28 Relief from dual lodgment of financial reports
RG 95 Disclosing entity provisions relief
CO 08/15 Disclosing entities - half-year financial reporting relief

Concise financial report
RG 68 New financial reporting and procedural requirements
CO 99/90 Concise reports

Directors' report
RG 22 Directors’ statement as to solvency
RG 68 New financial reporting and procedural requirements
RG 247 Effective disclosure in an operating and financial review
CO 06/50 Transfer of remuneration information into directors' report
CO 06/105 Calculation of director and executive remuneration
CO 01/1519 Disclosure of directors' interests
CO 98/2395 Transfer of information from the directors' report
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Audit report
See also Auditors
RG 22 Directors’ statement as to solvency
RG 34 Auditors’ obligations: reporting to ASIC
RG 43 Financial reports and audit relief
RG 68 New financial reporting and procedural requirements
RG 115 Audit relief for proprietary companies
RG 166 Licensing: Financial requirements
CO 98/1417 Audit relief for proprietary companies
CO 05/21 Clarification of requirement for the appointment of auditors by financial services licensees

Distribution of financial reports
RG 148 Investor directed portfolio services
RG 174 Externally administered companies: Financial reporting and AGMs
CO 98/101 Members of companies, registered schemes and disclosing entities who are uncontactable

Accounting standards
RG 68 New financial reporting and procedural requirements
CO 05/637 Additional month for first financial reports under AIFRS
CO 05/639 Application of accounting standards by non-reporting entities

Deeds of cross guarantee
INFO 24 Deeds of cross guarantee
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Requirements for specific types of entities



RG 43 Financial reports and audit relief

Accountants
CO 02/551 Recognised accountant
CO 01/1256 Qualified accountant

Australian financial services licensee
See also Financial services: ongoing licensee obligations
CO 05/21 Clarification of requirement for the appointment of auditors by financial services licensees
CO 06/68 Conditional relief for foreign licensees from financial reporting and record keeping obligations
CO 03/748 Reporting requirements under s989B

Authorised deposit-taking institutions
CO 03/823 Relief from licensing, accounting and audit requirements for foreign authorised deposit-taking institutions
CO 98/110 ADIs — related party balances and transactions

Disclosing entity
RG 28 Relief from dual lodgment of financial reports
RG 62 Better disclosure for investors
RG 66 Transaction specific disclosure
RG 68 New financial reporting and procedural requirements
RG 95 Disclosing entity provisions relief

Dual lodgement
RG 28 Relief from dual lodgment of financial reports
RG 29 Financial reporting by Australian entities in dual-listed company arrangements
CO 06/6 Dual lodgment relief for NSX-listed disclosing entities
CO 98/104 Dual lodgment relief
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Electronic lodgment
CO 00/2451 Electronic lodgment of certain reports with the ASX - approval
CO 00/2449 ASX Electronic Lodgment Facility - relief from paper form lodgment

Externally administered companies
See also Liquidators and Australian companies: winding up
RG 16 External administrators—reporting and lodging
RG 174 Externally administered companies: Financial reporting and AGMs
CO 03/392 Externally administered companies: Financial reporting relief
CO 02/968 Interim relief from financial reporting obligations for companies in external administration

Foreign entities
See also Other entities: foreign companies and financial services: foreign financial service providers
RG 58 Reporting requirements – registered foreign companies and Australian companies with foreign company shareholders
RG 68 New financial reporting and procedural requirements
CO 06/68 Conditional relief for foreign licensees from financial reporting and record keeping obligations
CO 03/823 Relief from licensing, accounting and audit requirements for foreign authorised deposit-taking institutions
CO 02/1432 Registered foreign companies — financial reporting requirements
CO 98/98 Small proprietary companies which are controlled by a foreign company but which are not part of a large group (see also CO 07/505)
CO 98/96 Synchronisation of financial year with foreign parent company (see also CO 07/505)
INFO 32 Foreign companies
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IDPS and MDAs
RG 148 Investor directed portfolio services
RG 179 Managed discretionary account services

Non-disclosing entities
RG 68 New financial reporting and procedural requirements
CO 98/2016 Entities which cease to be disclosing entities before their deadline

Non-reporting entities
RG 68 New financial reporting and procedural requirements
RG 85 Reporting requirements for non-reporting entities
CO 05/639 Application of accounting standards by non-reporting entities

Proprietary companies
RG 115 Audit relief for proprietary companies
CO 05/638 Anomalies preventing certain large proprietary companies from being grandfathered
CO 98/1417 Audit relief for proprietary companies
CO 98/98 Small proprietary companies which are controlled by a foreign company but which are not part of a large group (see also CO 07/505)

Registered schemes
See also Managed investment schemes
RG 44 Annual general meeting – extension of time
RG 179 Managed discretionary account services
CO 06/441 Including different registered scheme financial reports in a single document
CO 04/1575 Managed investment schemes: unit pricing
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Stapled security issuers
See also pro forma information
CO 05/642 Combining financial reports of stapled security issuers

Superannuation entities
See also Financial services: superannuation
RG 95 Disclosing entity provisions relief
RG 184 Superannuation: Delivery of product disclosure for investment strategies
CO 98/106 Financial reports of superannuation funds, approved deposit funds and pooled superannuation trusts
REP 66 Monitoring advertising in superannuation
REP 84 Monitoring superannuation fees and costs (October 2005 to June 2006)

Wholly-owned entities
CO 98/1418 Wholly-owned entities
INFO 24 Deeds of cross guarantee
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Accounting issues


Financial years
INFO 17 Changing a financial year

International financial reporting standards
CO 05/637 Additional month for first financial reports under AIFRS
CO 05/639 Application of accounting standards by non-reporting entities

Non-IFRS financial information
RG 230 Disclosing non-IFRS financial information

Offer information statements
See also Fundraising: offer information statements
RG 25 Takeovers: False and misleading Statements
RG 157 Financial reports for offer information statements
CO 00/172 Offer information statements: relief in relation to financial statements

Post balance date acquisitions
CO 05/644 Disclosing post balance date acquisitions and disposals

Pro forma information
CP 69 Disclosing pro forma financial information (draft)
CO 05/644 Disclosing post balance date acquisitions and disposals

Rounding
CO 98/100 Rounding in financial reports and directors' reports

Solvency
See also Liquidators and Australian companies: winding up
RG 166 Licensing: Financial requirements
RG 142 Schemes of arrangement and ASIC review

Stapled securities
See stapled security issuers



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