388 Copy of financial statements and reports

Purpose

Use Form 388 with the annual financial report, directors’ report and auditor’s report on the financial report lodged by public, large proprietary and small proprietary foreign-controlled companies, and registered schemes. It is also used by companies (not schemes) to notify us of appointing a financial report auditor.

For lodgement of the sustainability report and auditor’s report on the sustainability report, use Form 398 Copy of sustainability report and auditor’s report (Form 398).

How to lodge this form

Lodge online

You can complete and lodge the form online in the relevant portal.

Lodge by post

Not applicable.

Fees

Applicable fees

Form	Fee
388A Public company or disclosing entity	No fee
388B Registered Scheme	No fee
388C supplementary (company)	No fee
388D supplementary (registered scheme)	No fee
388H Large Proprietary company that is not a disclosing entity	No fee
388I Small proprietary company that is controlled by a foreign company	No fee
388J Small proprietary company or small public company limited by guarantee that is requested by ASIC to prepare and lodge statements and reports	No fee
388K Trust (disclosing entity)	{DE1}
388L Tier 2 public company limited by guarantee	No fee

Late fees

{Late01} for up to one month late.
{Late02} for over one month late.

Lodging period

Disclosing entities and registered schemes - 3 months after the end of financial year.
All other entities required to lodge statements and reports - 4 months after the end of financial year. Small proprietary companies and small public companies limited by guarantee can be directed to report to ASIC under s294 and s294B respectively, the lodgement period will be included in the direction.
Reports amended after lodgement with ASIC - 14 days after amendment.

Related information

Legislative references

Section 294 of the Corporations Act 2001
Section 294B of the Corporations Act 2001
Section 295 of the Corporations Act 2001
Section 298-301 of the Corporations Act 2001
Section 307 of the Corporations Act 2001
Section 308 of the Corporations Act 2001
Section 319 of the Corporations Act 2001
Section 321 of the Corporations Act 2001
Section 322 of the Corporations Act 2001
Corps Regulations 2001\1.0.08
Corps Regulations 2001\2M.3.01
Corps Regulations 2001\2M.3.03

Form 398 Copy of sustainability report and auditor’s report