Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.8 - OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE  

Division 6 - Financial records, statements and audit  

Subdivision C - Financial statements of financial services licensees  

SECTION 989D   TIME OF LODGMENT  

989D(1)    
Unless an extension is granted under subsection (3), the profit and loss statement and the balance sheet must be lodged before:

(a)    if the licensee is not a body corporate - the day that is 2 months after the end of that financial year; or

(b)    if the licensee is a body corporate - the day that is 3 months after the end of that financial year.

989D(2)    
If an extension is granted under subsection (3), the profit and loss statement and the balance sheet must be lodged before the end of the extended period.

989D(3)    
ASIC may, on application made:

(a)    by a financial services licensee and the licensee's auditor; and

(b)    before the end of the period that would otherwise apply;

approve an extension of the period for lodging the profit and loss statement and balance sheet. The extension may be of the period originally applicable or the period applicable under a previous extension.

989D(4)    
An approval under subsection (3) may be given subject to such conditions (if any) as ASIC imposes.

989D(5)    
If an approval under subsection (3) is given subject to conditions, the licensee must comply with those conditions.