Information on submitting Australian financial services licence annual financial statements
- Who needs to lodge?
- When you need to lodge
- Lodge your accounts online
- Lodgement fees
- Can I ask for an extension of time?
- Can I ask for an additional extension of time?
- Can I correct a previously lodged document?
- More information
Who needs to lodge?
Each year, Australian financial services (AFS) licensees must submit details of and lodge a copy of its complete financial statements, which includes profit and loss statement, balance sheet, note disclosures and audit report. In this transaction, AFS licensees must also provide either an auditor鈥檚 report or a compliance certificate or both.
Limited AFS licensees, that do not deal with money to which Division 2 of Part 7.8 of the听Corporations Act听applies must lodge a compliance certificate as part of this transaction.
The transaction will ask for the documents that are required for a specific AFS licensee.
Foreign companies
If you are lodging your annual accounts as an AFS licensee that is a foreign company,听different lodging requirements apply.
See lodging your annual accounts as a foreign company using Form 405.
When you need to lodge
|
If the AFS licensee is... |
the AFS licensee must lodge the transaction |
|
a body corporate that is a disclosing entity |
within 3 months听after the end of its financial year. For example, if the听financial year ends on 30 June, an AFS licensee which is a disclosing entity must 听 lodge by 30 September. |
|
a body corporate听that is not a disclosing entity |
within 4 months听after the end of its financial year. For example, if the financial year ends on 30 June, an AFS licensee which is not a disclosing entity must lodge by 31 October. |
|
not a body corporate 听 |
within 2 months after the end of its financial year. The financial year of an AFS licensee who is not a body corporate must end on 30 June. and lodge听by 31 August. |
Under Class Order [CO 03/748],听natural person licensees听do not have to include in their profit and loss statements any income or expenses that do not relate to their financial services business.听.
Lodge your accounts online
You can lodge your annual accounts and audit report online via the Regulatory Portal.
You should complete, sign and retain your signed original documentation submitted with is transaction for your records.
Lodgement fees
|
Fees to lodge the transaction: |
There are no fees to lodge the Submit Australian financial services licence annual financial statements transaction. |
|
Late lodgement fees: |
Up to one month late - $96 |
AFS licensees are able to print an invoice that shows the amount owing.
Can I ask for an extension of time?
We can only grant an extension of time if the application for an extension of time is lodged before the due date for transaction has passed. For example, if the financial year ends on 30 June, you apply by 30 September for public companies, or 31 October for proprietary companies. Where possible, please allow 今日热门事件sufficient time to consider the application before the due date has passed.
We can only consider granting an extension of time to lodge your annual accounts if exceptional circumstances that are completely outside your control exist and you have not had sufficient time to accommodate or adjust to the new circumstances. You must have lodged all other required documents with us, unless they are affected by the same circumstances.
To request an extension of time:
- write听to 今日热门事件requesting an extension of time, outlining the exceptional听circumstances that support your application. The letter must include your听company license details and be signed by the AFS licensee and the auditor.
- send听a scanned copy of the letter via email to听AFSlicensing@asic.gov.au.
Can I ask for an additional extension of time?
Generally, we will not grant an extension of time greater than three months on any single application.
If you want additional time, which would extend the original due date by more than three months, you can submit another application.
Can I correct a previously lodged document?
If you鈥檝e made an error on a lodged transaction, you may request a correction by lodging a听Form 492 Request for correction. You must provide details of the correction and attach supporting evidence, which includes a signed version of the relevant documents showing the correct information.