Exemptions – reporting
The CATSI Act says:
- what reports corporations must lodge each year.
- when reports must be lodged.
The Registrar can exempt a corporation from these requirements.
If you have good reasons, you can ask to:
- not prepare and lodge a particular report
- change which accounting or auditing standards to report against
- lodge a report by a date later than 31 December.
Extensions to reporting deadlines
Requests to lodge a corporation’s annual reports after the deadline should be lodged no later than the middle of December.
The Registrar may grant an extension in exceptional circumstances. That includes:
- natural disasters
- unexpected interruptions to corporate/community operations.
The Registrar will not normally grant an extension where annual events make it hard for a corporation to follow the rules.
The Registrar is not likely to grant exemptions for a general report.
