End-of-year tasks
There are a number of things corporations must do after the end of the financial year.
The financial year for most corporations ends on 30 June.
Within 5 months
You must hold your annual general meeting (AGM) within 5 months after the end of the financial year.
If your financial year ends on 30 June, you must hold your AGM by 30 November unless you have an exemption from the Registrar.
Within 6 months
Corporations must lodge reports within 6 months after the end of the financial year.
If your financial year ends on 30 June, you must lodge your reports by 31 December unless you have an exemption from the Registrar.
Learn more about reporting, including which reports you need to lodge.
Updating corporation details
You must update corporation information with ORIC throughout the year as things change. You cannot tell us about changes through your general report – you must lodge changes separately.
Learn more about updating corporation information with ORIC.
Acquitting grants
If you received any grants, you may be required to report to the funding body on how you used them.
Check your funding agreement to see what you need to do.
Taxes
Check with your accountant that the corporation is lodging the correct reports with the ATO and paying the right taxes.
You may have to lodge a self-review return to be eligible for income tax exemptions.
Learn more about tax obligations for Indigenous corporations.