Lodging reports

Corporation reports for 2016–17 are now due.

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).

The time to lodge reports is between 1 July and 31 December every year. The reports for each corporation will vary.

What reports are required?

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
  1. General report only

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

  1. General report
  2. Financial report and audit report or financial report based on reports to government funders (if eligible)

Large corporations

Any size corporation with a CGOI of $5 million or more

  1. General report
  2. Financial report
  3. Audit report
  4. Directors report

Need to know your registered size? Use the 'Search for a corporation' feature to check the public register.

Fact sheet: Corporation size and reporting 

More detail on reporting requirements

The Corporation reporting guide is designed 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.

Corporations that are 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.

Exemptions from reporting

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 from 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.

You must apply in writing—lodge an application for exemption form.

The Registrar's office will look at every case individually, assess the application and advise the corporation in writing whether it has been granted an exemption or whether further information is required.

A corporation granted an exemption from reporting is still required to maintain proper accounts and records.

Failing to report

Corporations that don't lodge their 2016–17 reports by 31 December 2017 could face prosecution, along with secretaries of large corporations. The maximum penalty for each report not lodged is $22,500 for corporations.

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, contact ORIC.

Amendments to CATSI legislation

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:

Need more help?

Please contact ORIC if you require further information or assistance, including:

  • finding out whether your corporation has sent its reports to ORIC
  • whether your corporation is eligible for an exemption from reporting
  • help in completing any forms or reports.