Recruitment firm Hudson Global Resources (Aust) Pty Ltd has been fined $270,000 for failing to meet its financial reporting obligations as a large proprietary company.

Hudson was convicted and fined on 21 July 2026, at the Downing Centre Local Court.

As a large proprietary company, Hudson was required to lodge audited financial reports with ASIC for its financial years for 2022, 2023 and 2024. These reporting requirements are in place to help those dealing with these businesses to make informed decisions and support the integrity of Australia’s financial system.

This latest outcome is a part of ASIC’s enforcement focus in 2026 on non-lodgement of financial reports.

Companies should check whether they are required to lodge financial reports, confirm their applicable lodgement deadline, and ensure audit and board approval processes are scheduled early enough to meet that deadline.

Background

Failure to lodge full-year financial reports with ASIC is a breach of sections 319(1) and 1311(1) of the Corporations Act.

A proprietary company is defined as being 'large' or 'small'. The thresholds that define a large proprietary company increased on 1 July 2019.

For further information, see Are you a large or small proprietary company.