ASIC’s $187,800 Penalty: A Compliance Wake-Up Call for Foreign-Controlled Companies
ASIC recently fined a small proprietary company $187,800 for failing to lodge financial reports on time –highlighting the importance of financial compliance for small foreign-controlled companies. Under the Corporations Act 2001, such entities must submit financial reports unless they qualify for ASIC relief. To avoid penalties: At SRJ Walker Wayland, we provide expert guidance on […]
ASIC Annual Review
Each year ASIC increase the Annual Review fee, although there are companies and schemes who choose to pay their fee 10 years in advance at a discounted rate. Note: Annual Review fees are tax deductible but late fees are not The table below shows fees as at today’s date: Type of company or scheme Annual […]