Section 989D — Corporations Act 2001 (Cth)

(1) Unless an extension is granted under subsection (3), the profit and loss statement and the balance sheet must be lodged before:

(a) if the licensee is not a body corporate—the day that is 2 months after the end of that financial year; or

(b) if the licensee is a body corporate—the day that is 3 months after the end of that financial year.

(2) If an extension is granted under subsection (3), the profit and loss statement and the balance sheet must be lodged before the end of the extended period.

(3) ASIC may, on application made:

(a) by a financial services licensee and the licensee’s auditor; and

(b) before the end of the period that would otherwise apply;

approve an extension of the period for lodging the profit and loss statement and balance sheet. The extension may be of the period originally applicable or the period applicable under a previous extension.

(4) An approval under subsection (3) may be given subject to such conditions (if any) as ASIC imposes.

(5) If an approval under subsection (3) is given subject to conditions, the licensee must comply with those conditions.

Related sections

• s 989B — Financial services licensee to prepare and lodge annual profit and loss statement and balance sheet
• s 989C — Requirements as to contents and applicable accounting principles
• s 989CA — Audit to be conducted in accordance with auditing standards
• s 990A — Sections 990B to 990H not to apply to public companies
• s 990B — Appointment of auditor by licensee
• s 990C — When a person or firm is ineligible to act as auditor

Research how courts apply s 989D

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.