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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

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

Division 6 - Financial records, statements and audit    View history reference

Subdivision C - Financial statements of financial services licensees    View history reference

SECTION 989D  TIME OF LODGMENT  

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989D(1)  [Time of lodgment]  


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)  [Extension of time]  


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 approve extension]  


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)  [ASIC may impose conditions]  


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

989D(5)  [Compliance]  


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


 



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