Regulatory Alerts2026-06-04
ASIC issues infringement notices to Zara, H&M, and Sephora retailers for late financial reports
ASIC issued infringement notices to Inditex Australia, H&M Hennes & Mauritz, and Sephora Australia for failing to lodge annual financial reports by the required dates. Each company paid a $198,000 penalty, bringing the total settlement to $596,000, while confirming that all outstanding reports have now been lodged. This enforcement action underscores ASIC's 2026 priority to pursue late or non-lodgement of financial reports by large proprietary companies through data-driven surveillance and significant penalties.
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