Small proprietary companies (not controlled by a foreign company) where ASIC requests a financial report

You must prepare:

  • a financial report

which is

  • prepared in accordance with the requirements of Pt 2M.3 of the Corporations Act 2001 (Corporations Act) in the ASIC request under s294(1) of the Corporations Act

  • audited if ASIC requests it under s294(1) of the Corporations Act

  • sent to members within four months after financial year end if ASIC requests it under s294(1) of the Corporations Act

  • lodged with ASIC if ASIC requests it under s294(1) of the Corporations Act and specifies the date under s321(2) of the Corporations Act to be at least 14 days after the direction is given.

Related links

What's new

More releases on financial reporting and audit

Last updated: 20/10/2014 12:00