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ARTICLE · 03 AUGUST 2022

ASIC extends deadlines for AFSL holders to lodge Financial Reports

Sophie Grace Pty Ltd
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Listed and unlisted entities will have an additional month to lodge their financial statements with ASIC.

AustraliaFinance and Banking
Wendy Nguyen
Wendy Nguyen
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Listed and unlisted entities will have an additional month to lodge their financial statements with ASIC. The extension will only apply to listed and unlisted entities with financial reports for balance dates from 24 June to 7 July 2022 (inclusive). The purpose of the extension is to assist entities affected by the impacts of COVID-19 by allowing them more time to report and conduct their audits.

ASIC notes that where possible, entities should lodge their financial statements and report to members within the original statutory deadlines (rather than the extended deadlines) considering the information needs of shareholders, creditors and other users of their financial reports, or to ensure other obligations are met.

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