28 September 2023 - ASIC Fined $700,000

ASIC obtains over $700,000 in penalties for financial reporting failures

Between 1 January 2023 and 30 June 2023, ASIC prosecuted 36 companies and secured over $700,000 in penalties for failing to lodge financial reports, hold annual general meetings (AGMs) and to maintain the required number of directors and resident directors.