ASIC has again provided further relief to Australian companies affected by COVID-19 and is permitting all companies with a reporting / balance date up-to 30 June 2020 (7 July 2020 in some cases) to lodge their financial statements with ASIC up-to one month after the normal lodgement date for the financial report.
For example, this change will permit a large private company to lodge by 30 November, rather than the normal 31 October.
The change in lodgement deadlines extends to most lodgements, meaning the lodgement extension is also available to companies with an Australian Financial Services Licence (“AFSL”).
ASIC’s lodgement extension includes relief in respect of holding Annual General Meetings and further guidance is available on the ASIC website (refer ASIC 20-113MR).
If you require further assistance or have any questions about your lodgement deadlines, please contact your usual Mazars advisor or alternatively contact one of our specialists:
Link to ASIC Media Release:
Published: 22 May 2020
All rights reserved. This publication in whole or in part may not be reproduced, distributed or used in any manner whatsoever without the express prior and written consent of the Mazars, except for the use of brief quotations in the press, in social media or in another communication tool, as long as Mazars and the source of the publication are duly mentioned. In all cases, Mazars’ intellectual property rights are protected and the Mazars Group shall not be liable for any use of this publication by third parties, either with or without Mazars’ prior authorisation. Also please note that this publication is intended to provide a general summary and should not be relied upon as a substitute for personal advice. Content is accurate as at the date published.