Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:1_1299g
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 1 cl 1299G
Character Range: 206199–207231

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).

Division 2—Cancellation or suspension of registration