Reporting obligations for public companies

The financial reporting obligations of a public company depend on whether it is a company that is:

Companies that are not disclosing entities or companies limited by guarantee

You must prepare annual financial reports in accordance with Chapter 2M of the Corporations Act 2001 (Corporations Act).

These financial reports must be:

  • audited
  • lodged with ASIC within four months of financial year end
  • sent to members by the earlier of four months after year end or 21 days before the next AGM.

Companies that are not disclosing entities

A public company that is not a disclosing entity is not required to comply with Part 2M.3 of the Corporations Act if all conditions of ASIC Corporations (Wholly-owned Companies) Instrument 2016/785 are met, and it is also not:

  • a borrowing corporation
  • the guarantor of such a borrower, or
  • a financial services licensee

and it:

  • is a wholly-owned entity
  • undertook a deed of cross guarantee with every other company in the closed group.

These companies do not have to prepare audited financial statements for lodgement with ASIC or for sending to members.

Companies limited by guarantee

Reporting obligations for companies limited by guarantee 


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