All corporations must lodge reports with the Registrar every year, between 1 July and 31 December. The reports for each corporation will vary. This page sets out the reporting requirements for all corporations.
Corporations that don't lodge their 2015–16 reports by 31 December 2016 could face prosecution, along with secretaries of large corporations. The maximum penalty for each report not lodged is $22,500 for corporations.
Corporation reports for 2015–16 are now overdue. If you need help with reports contact ORIC immediately.
A corporation must report to the Registrar each year about its finances, membership and how well it has abided by the requirements of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) and the corporation's own rules (constitution or rule book).
Charities—Corporations that are registered charities with the Australian Charities and Not-for-profits Commission (ACNC) do not need to send any reports to the ACNC. The Australian Charities and Not‑for‑profits Commission (Consequential and Transitional) Regulation 2016 has prescribed that the ACNC will accept corporation reports for 2015–16 and 2016–17 lodged with the Registrar under the CATSI Act as meeting the ACNC’s requirements.
For previous years' reporting the same arrangement of sharing corporation reports was covered under a memorandum of understanding between the Registrar and ACNC.
From part 6 of the MoU:
For the financial years up to 2014–15 and any later financial year prescribed by the regulations, the Commissioner will accept reports to the Registrar by a registered entity, that is also registered under the CATSI Act, as being the information statement and reports (mentioned in section 60-10 of the ACNC Act) for a financial year required to be given to the Commissioner in accordance with Subdivision 60-B, 60-C or 60-D of the ACNC Act. Link to the MoU.
If you are a member or director of a corporation, find out if your reports have been sent in. If they haven't or if you need some extra help to fill them in, call ORIC on 1800 622 431 or email email@example.com.
Corporations must report under the CATSI Act according to their registered size and income.
|Registered size and income of corporation||Report(s) required|
|Small corporations with a consolidated gross operating income (CGOI) of less than $100 000|
Small corporations with a CGOI of $100 000 or more and less than $5 million
Medium corporations with a CGOI of less than $5 million
Any size corporation with a CGOI of $5 million or more
Need to know your registered size? You can find out by searching for your corporation in the public register or you can contact ORIC.
ORIC has prepared a guide to help corporation auditors and accountants (or bookkeepers) prepare reports. It explains what is in each of the reports and who needs to provide them.
The Registrar may grant an exemption to a corporation to lodge a particular report or extend the time in which a particular report must be lodged.
Special circumstances might exempt your corporation from the requirement to provide reports. While the circumstances vary from case to case, generally speaking, the Registrar may exempt a corporation or extend the time in which a particular report must be lodged if:
- unavoidable delays are being experienced with the finalisation of financial statements or the audit report
- the corporation's financial activities and transactions are handled or controlled by another entity or
- the corporations records have been destroyed or are no longer held by the corporation.
The Registrar will look at every case individually and you must apply in writing, ORIC has a form for this.
The Registrar's office will assess the application and advise the corporation in writing whether it has been granted an exemption or whether further information is required.
To apply for an exemption, complete an application for exemption form and lodge with ORIC. A corporation granted an exemption from reporting is still required to maintain proper accounts and records.
From 2008–09 and for all future reporting:
- all corporations do not have to provide trust and land information in their general report. ORIC’s general report form has been changed to reflect this.
- small and medium size corporations with income (CGOI) less than $5 million do not have to provide a directors’ report.
You can see the amendment Regulations on the Federal Register of Legislation:
- Corporations (Aboriginal and Torres Strait Islander) Amendment Regulations 2009 (No. 1)
- Corporations (Aboriginal and Torres Strait Islander) Amendment Regulations 2010 (No. 1).
Please contact ORIC if you require any further information or assistance, including:
- finding out whether your corporation has sent its reports to ORIC
- whether your corporation is eligible for exemption from reporting
- help in completing any forms or reports.