Regulatory Alerts2025-12-11
ASIC issues over $2.2 million in infringement notices to 12 large proprietary companies for failing to lodge financial reports
ASIC has issued infringement notices totaling over $2.2 million to 12 large proprietary companies for allegedly failing to lodge their FY24 audited financial reports on time. All 12 companies have paid the penalties in full, which ranged from at least $187,800 each, although payment does not constitute an admission of guilt. This enforcement action is part of a broader surveillance initiative where ASIC identified 151 non-compliant entities out of 217 contacted, with further regulatory action planned for ongoing failures.
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