Maintain auditor / financial reporting (Chapter 2M)
Large proprietary, public and disclosing entities must prepare and lodge audited financial reports.
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
Topics
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.