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CORPORATIONS ACT 2001 - SECT 1299G

Annual statements by authorised audit company

  (1)   A company that is an authorised audit company must, within one month after the end of:

  (a)   the period of 12 months beginning on the day on which the company became registered as an authorised audit company; and

  (b)   each subsequent period of 12 months;

lodge with ASIC a statement in respect of that period.

  (1A)   A statement under subsection   (1):

  (a)   must contain such information as is prescribed in the regulations; and

  (b)   must be in the prescribed form.

  (2)   ASIC may, on the application of an authorised audit company made before the end of the period for lodging a statement under subsection   (1), extend, or further extend, that period.

  (3)   An offence based on subsection   (1) is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Code .

  (4)   A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection   (1).


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