Regulatory Alerts2020-06-19 | RG-058RG 58 Reporting by registered foreign companies and Australian companies with foreign shareholders
The Australian Securities and Investments Commission issued Regulatory Guide 58 to outline relief available to registered foreign companies and entities with foreign interests. The guide details exemptions from specific reporting obligations under the Corporations Act 2001 and permits synchronization of financial years with foreign parent companies. Applicants are instructed to submit relief requests via the ASIC Regulatory Portal starting from 27 July 2020.
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