Information on submitting Australian financial services licence annual financial statements

Who needs to lodge?

Each year, Australian financial services (AFS) licensees must submit details of and lodge a copy of its complete financial statements, which includes profit and loss statement, balance sheet, note disclosures and audit report. In this transaction, AFS licensees must also provide either an auditor’s report or a compliance certificate or both.

Limited AFS licensees, that do not deal with money to which Division 2 of Part 7.8 of the Corporations Act applies must lodge a compliance certificate as part of this transaction.

The transaction will ask for the documents that are required for a specific AFS licensee.

Foreign companies

If you are lodging your annual accounts as an AFS licensee that is a foreign company, different lodging requirements apply.

See lodging your annual accounts as a foreign company using Form 405.

When you need to lodge

Under Class Order [CO 03/748], natural person licensees do not have to include in their profit and loss statements any income or expenses that do not relate to their financial services business. Download a copy of Class Order [CO 03/748].

Lodge your accounts online

You can lodge your annual accounts and audit report online via the Regulatory Portal.

You should complete, sign and retain your signed original documentation submitted with is transaction for your records.

Lodgement fees

AFS licensees are able to print an invoice that shows the amount owing.

Here are the ways you can make a payment to ASIC.

Can I ask for an extension of time?

We can only grant an extension of time if the application for an extension of time is lodged before the due date for transaction has passed. For example, if the financial year ends on 30 June, you apply by 30 September for public companies, or 31 October for proprietary companies. Where possible, please allow ASIC sufficient time to consider the application before the due date has passed.

We can only consider granting an extension of time to lodge your annual accounts if exceptional circumstances that are completely outside your control exist and you have not had sufficient time to accommodate or adjust to the new circumstances. You must have lodged all other required documents with us, unless they are affected by the same circumstances.

To request an extension of time:

1. write to ASIC requesting an extension of time, outlining the exceptional circumstances that support your application. The letter must include your company license details and be signed by the AFS licensee and the auditor.
2. send a scanned copy of the letter via email to AFSlicensing@asic.gov.au.

Can I ask for an additional extension of time?

Generally, we will not grant an extension of time greater than three months on any single application.

If you want additional time, which would extend the original due date by more than three months, you can submit another application.

Can I correct a previously lodged document?

If you’ve made an error on a lodged transaction, you may request a correction by lodging a Form 492 Request for correction. You must provide details of the correction and attach supporting evidence, which includes a signed version of the relevant documents showing the correct information.

More information

• AFS Licensees portal
• AFS licensees
• Limited AFS licensees
• Financial services homepage
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