Registered foreign companies

Registered foreign companies to which s601CK(7) declarations apply

You are required to lodge annual return (Form 406) but not financial statements with ASIC.

The declaration is made in ASIC Corporations (Foreign-Controlled Company Reports) Instrument 2017/204 relieving those registered foreign companies which are:

  • subject to similar restrictions to an Australian proprietary company,

  • not large and

  • not required to prepare financial statements in their place of origin,

from the requirement to prepare and lodge financial report with ASIC where either:

  • they are not part of a 'large group' or

  • a parent consolidates the registered foreign company for the entire financial year and lodges its financial statements with ASIC.

All other registered foreign companies

You must prepare

  • financial reports

which are

  • prepared in accordance with the law in the company's place of origin or

  • prepared in accordance with Ch 2M of the Corporations Act (where reports not prepared in company's place of origin)

  • audited as required with the law in the company's place of origin or

  • audited if ASIC requires it (and not audited in company's place of origin), and

  • sent to members if it is a requirement in the company's place of origin.

Disclosing entity provisions

Regulatory Guide 95 Disclosing entity provisions relief (RG 95) provides information about the application of the disclosing entity provisions to registered foreign companies. Download RG 95

More about financial reports

More information for auditors

What's new

Industry funding

ASIC has released its Cost Recovery Implementation Statement (CRIS), which includes estimated costs for ASIC’s 2017-18 regulatory activities. 6 Oct, 17-334MR

Review of 31 December 2016 financial reports

ASIC has announced the results from a review of the 31 December 2016 financial reports of 90 listed and other public interest entities. 17-219MR, 30 June

Inspection of audits for 2015–16

ASIC has released the results of its audit firm inspections for the 18 months to 31 December 2016, as well as three information sheets related to improving audit quality and our inspection process. 17-214MR, 29 June

Communicating ASIC’s findings from audit files,

This new regulatory guide provides transparency on our criteria and process for communicating financial reporting and audit findings. 17-200MR, 23 June

More releases on financial reporting and audit

Last updated: 20/10/2014 12:00