Maintain auditor / financial reporting (Chapter 2M)

Large proprietary, public and disclosing entities must prepare and lodge audited financial reports.

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Who must comply

Public companies, disclosing entities, large proprietary companies, registered MIS.

What triggers it

Meeting the relevant threshold or category.

When due

Annual — typically 3 months for disclosing entities, 4 months for others, after FY end.

Evidence required

Audited financial report, directors' report, auditor's report, lodgement via ASIC.

Max penalty

Civil penalties + director duty exposure for materially incorrect reports

Summary

Chapter 2M of the Corporations Act requires public companies, disclosing entities, large proprietary companies (any two of: $50M consolidated revenue, $25M consolidated gross assets, 100 employees) and registered managed investment schemes to prepare audited annual financial reports and lodge with ASIC within prescribed timeframes (typically 3-4 months after FY end).

Enforced by

Source legislation

Entity types

companymanaged investment scheme

Topics

financial-reportingaudit

Source: https://asic.gov.au/regulatory-resources/financial-reporting-and-audit/. Rules Mate is not a law firm. Always verify against the live regulator source before acting.