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.
Issued 19 June 2020 This guide is for registered foreign companies and companies in which a foreign company has an interest.
It describes the relief we may grant to:
exempt these companies from certain reporting obligations in the Corporations Act 2001 ; and
allow the financial year for a company, registered managed investment scheme or disclosing entity to be synchronised with that of its foreign parent company.
Note: From 27 July 2020, applications for relief should be submitted through the ASIC Regulatory Portal . For more information, see how you apply for relief .
Download RG 58 (PDF 281 KB)