ASIC Extension for Financial Report Lodgement

As a result of the ongoing COVID-19 pandemic, ASIC has recently announced that it will extend the deadline for unlisted entities to lodge financial reports under Chapters 2M and 7 of the Corporations Act 2001 (the Act) by one month for balance dates from 31 December 2019 to 31 March 2020.

This means that unlisted entities with a 31 December 2019 year-end now have until 31 May 2020 to lodge the financial report (previously 30 April 2020) before late lodgement fees apply.

A copy of the ASIC media release can be found here.

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