Financial reporting
All companies and issuers are obliged to complete financial statements in accordance with the requirements of the Financial Reporting Act 1993 (FRA) and Financial Reporting Amendment Act 2006.
FRA calculator
Use our interactive guide below, as a simple and quick test to determine if your company has an ongoing or future filing obligation under the Financial Reporting Act 1993.
To begin using this calculator select 'Yes' or 'No' to answer the first question. Depending on your response we will ask you some further questions, or a statement will appear indicating the filing requirements.
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This quick test is a guide only. We strongly encourage you to contact the Compliance Team for confirmation of your company's FRA filing status.
If you are unable to work out the applicable section which applies to your specific case, please consult your own solicitor, accountant or professional advisor.
Only valid for those companies with an accounting period current at 21 January 2007 and a balance date after this date.
Important
If you are unable to work out your shareholding structure based on the above quick test, you can also view various examples and diagrams that illustrate different FRA scenarios.
Please check additional information on our website for possible filing exemptions under the Financial Reporting Act 1993 (for example, Section 10A - non-active entities, power to grant exemption by the Registrar and the Financial Markets Authority.
- Read more about exemptions granted by the Registrar
- Read more about exemptions granted by the Financial Markets Authority.
Audit requirements
The Companies Amendment Act (No 2) 2006 and the Financial Reporting Amendment Act 2006 removed the filing requirements for many overseas-constituted companies and companies with 25% or more overseas ownership. On 20 April 2010, amendment to section 196(3) of the Companies Act 1993 extends scope of exemption not to appoint an auditor at an annual meeting for certain companies.
Further information
A guide for small business
Which companies are required to file financial documents and who should prepare accounts. When and what documents should be prepared. Is an audit required and how are documents registered with the Companies Office.
Financial reporting for overseas companies
Overseas companies (including Australian overseas companies) are required to file financial statements.
Registering your financial statements
A guide to registering your financial statements with the Companies Office.
Financial Reporting Amendment Act 2006
On 15 November 2006, the Financial Reporting Amendment Act 2006 introduced some changes to the Financial Reporting Act 1993. The amendments to the Financial Reporting Act 1993 came in to force at various stages, however changes to section 19 and the introduction of section 19A relating to the requirement to file financial statements with the Registrar came into force on 21 January 2007. They affected companies with balance date after this date.
Infringement notices
The Financial Reporting Amendment Act 2006 introduced infringement notices which may be issued against the directors of a company that fails to file audited financial statements within the prescribed time period.
Changing your balance date
An entity may, upon written application, change its financial reporting balance date. In some instances approval from the Registrar may be required before such a change can be made.
Financial reporting act forms
Attach a Fast Track Filing Form to all financial statements that you file under the Financial Reporting Act 1993 (FRA). Complete the checklist on the form to individually tick off all items required to be included in the financial statements you are submitting.
Financial reporting and securities fees
Fees to register a financial statement or a prospectus (including GST at the rate that applies from 1 October 2010).
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