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

If the AFS licensee is...	the AFS licensee must lodge the transaction
a body corporate that is a disclosing entity	within 3 months after the end of its financial year. For example, if the financial year ends on 30 June, an AFS licensee which is a disclosing entity must lodge by 30 September.
a body corporate that is not a disclosing entity	within 4 months after the end of its financial year. For example, if the financial year ends on 30 June, an AFS licensee which is not a disclosing entity must lodge by 31 October.
not a body corporate	within 2 months after the end of its financial year. The financial year of an AFS licensee who is not a body corporate must end on 30 June. and lodge by 31 August.

If the AFS licensee is...

the AFS licensee must lodge the transaction

a body corporate that is a disclosing entity

within 3 months after the end of its financial year.

For example, if the financial year ends on 30 June, an AFS licensee which is a disclosing entity must lodge by 30 September.

a body corporate that is not a disclosing entity

within 4 months after the end of its financial year.

For example, if the financial year ends on 30 June, an AFS licensee which is not a disclosing entity must lodge by 31 October.

not a body corporate

within 2 months after the end of its financial year.

The financial year of an AFS licensee who is not a body corporate must end on 30 June. and lodge by 31 August.

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 retain all signed original documentation submitted with is transaction for your records.

You can familiarise yourself with the transaction by reviewing an uncompleted Record of transaction (PDF 1 MB).

The Record of Transaction outlines every potential question that could arise during the completion of this transaction. However, as the questions in the transaction are specifically tailored to your unique circumstances based on the responses you provide, there is no need for you to answer all of these questions.

You can click ‘Save and close’ at any point in the transaction, prior to submitting, to save your answers and resume the transaction at a later time. You can also review and print the draft transaction, including all answers provided, on the ‘Review’ page prior to submitting the transaction.

After submission, a completed Record of Transaction is provided. This is a pdf record of your responses to the applicable questions in the transaction.

Lodgement fees

Fees to lodge the transaction:	There are no fees to lodge the Submit Australian financial services licence annual financial statements transaction.
Late lodgement fees:	Up to one month late - {Late01} More than one month late - {Late02}

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:

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.
send a scanned copy of the letter via email to AFSL.Maintain@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 emailing AFSL.maintain@asic.gov.au. You must provide details of the correction and attach supporting evidence, which includes a signed version of the relevant documents showing the correct information.