Financial reporting fees and penalties

Avoiding late fees and infringement penalties

The fee to file financial statements under the Companies Act 1993 is $175 (plus GST). The fee to lodge financial statements under the Financial Markets Conduct (FMC) Act 2013 is $223 (plus GST). Fees must be paid at the time you submit your financial statements to the Companies Office.

Late fees

You must pay a late fee if your financial statements aren't filed under the Companies Act by the due date. No GST is applied to this fee as it's a penalty. The late fee is:

  • $25 for financial statements filed up to 25 working days after the due date
  • $100 for financial statements filed more than 25 days working days after the due date.

The late fee, and original registration fee of $175 (plus GST), must be paid at the time you file your financial statements.

Penalties if you fail to submit financial statements

If your company fails to file audited financial statements, we're able to issue a $7000 infringement penalty to each director of your company.

When we issue an infringement penalty notice, we notify directors of the new date by which they must file financial statements, and pay the registration fee, late fee and infringement penalty.

If audited financial statements haven't been submitted by that date, and the $7,000 fee hasn't been paid:

  • the infringement penalty notice is referred to the Department of Courts for collection of the fee, and
  • your company may be referred to our investigation team.

We can also prosecute your company and directors under Section 209G of the Companies Act, resulting in fines of up to $50,000.

Our enforcement approach

Penalties issued by the Financial Markets Authority

If an FMC reporting entity fails to lodge its financial statements by the due date, we notify the Financial Markets Authority (FMA).

The FMA can issue an infringement penalty notice or prosecute any FMC reporting entity that doesn't comply. The infringement penalty is $7,500, and prosecution can result in a penalty of up to $50,000.

All help topics

Before you start a company 5 guides

Get an overview of how companies are structured, find out about the company records you need to keep, and what's involved when you incorporate with and report to the Companies Office.

Shares and shareholders 7 guides

When you incorporate, you must provide details of all company shares and shareholders. As changes occur, you must update this information on your own share register and in your company's annual return.

Company directors 8 guides

Directors have responsibilities to their company and shareholders, and under the Companies Act 1993. You must register all your directors with the Companies Office and they must sign a consent form.​

Filing annual returns 7 guides

Find out about filing an annual return — the information you need to update, how to change your filing month or request a time extension — and what happens if you don't file your annual return by the due date.

Complying with the law 11 guides

Financial reporting 7 guides

Restoring a company to the register 4 guides

Only some companies can be reinstated to the Companies Register once they've been removed. Find out who can apply, what evidence to provide and if you should apply to the Registrar or the High Court.

Getting support to use the Companies Register 5 guides

Get help with any technical problems you have using the register, such as uploading documents or searching for companies, directors and shareholders.

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