Financial years for registrable superannuation entities
(1) The financial year for a registrable superannuation entity is the entity’s year of income (within the meaning of the Superannuation Industry (Supervision) Act 1993). Synchronisation of financial years where consolidated financial statements are required (2) A registrable superannuation entity that has to prepare consolidated financial statements must do whatever is necessary to ensure that the financial years of the consolidated entities are synchronised with its own financial years. It must achieve this synchronisation by the end of 12 months after the situation that calls for consolidation arises. (3) An offence based on subsection (2) is an offence of strict liability. (4) To facilitate this synchronisation, the financial year for a controlled entity may be extended or shortened. The extended financial year cannot be longer than 18 months.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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