Document ID: chunk:federal_register_of_legislation:C2025C00139:section:14:p13
Version: federal_register_of_legislation:C2025C00139
Segment Type: section
Provision Reference: s 14 (pt 13/66)
Character Range: 62732–65687

by publishing it on the Register.
Note 1: Other Australian laws provide that giving information to the Commissioner in accordance with this Act satisfies the reporting requirements of those laws.
Note 2: Division 40 limits the information the Commissioner may publish on the Register.
 (3) The requirements this Division places on a registered entity are proportional to the size of the registered entity.

Subdivision 60‑B—Annual information statements

60‑5  Registered entities must give annual information statements

 (1) A registered entity must give a statement (an information statement) for a financial year to the Commissioner in the approved form.
Note: The Commissioner may approve different approved forms for different entities (see subsection 190‑10(4)). For example, different forms could be approved for small, medium and large registered entities.
 (2) The registered entity must give the information statement to the Commissioner no later than 31 December in the following financial year.
Note 1: Section 190‑15 allows the Commissioner to defer the time for giving an approved form.
Note 2: Section 175‑35 provides for an administrative penalty for failing to give the Commissioner a statement required by this Act within the required time.
 (3) Any information that the approved form requires to be provided to the Commissioner must be information that relates to, or has the purpose of, enabling recognised assessment activities to be carried out in relation to registered entities.

Subdivision 60‑C—Annual financial reports

60‑10  Medium and large registered entities must give annual financial reports
 (1) A medium registered entity or a large registered entity must give the Commissioner a financial report for a financial year, together with any auditor's report or reviewer's report that the entity is required to obtain under section 60‑20 or 60‑25.
 (2) The registered entity must give the reports to the Commissioner no later than 31 December in the following financial year or such later time as the Commissioner allows.
Note: Section 175‑35 provides for an administrative penalty for failing to give the Commissioner a statement required by this Act within the required time.

60‑15  Requirements for annual financial reports
 (1) The financial report must comply with the requirements set out in the regulations.
 (2) Any information that the regulations require to be provided to the Commissioner must be information that relates to, or has the purpose of, enabling recognised assessment activities to be carried out in relation to registered entities.

60‑20  Medium registered entities must have annual financial reports audited or reviewed
 (1) A medium registered entity must:
 (a) subject to subsection (2), do both of the following:
 (i) have its financial report for a financial year reviewed in accordance with this Subdivision;
 (ii) obtain a reviewer's report; or
 (b) do both of the following:
 (i) have its