ASIC Collects A$4.36 Million From 22 Companies Over Late Financial Reports
By Damian Chmiel
AI summary of the source article
ASIC collected A$4.36 million from 22 large proprietary companies, each paying A$198,000 in infringement notices for allegedly failing to file audited 2025 financial reports on time. The actions stem from a surveillance campaign targeting late filers.
Key facts
- ASIC received A$4.36 million as 22 large proprietary companies each paid A$198,000 for late audited 2025 financial reports.
- The data-led surveillance campaign started in August 2025 and has generated 70 paid notices totaling more than A$13.7 million.
- Payment of an infringement notice does not constitute an admission of guilt or liability.
Source excerpt · Finance Magnates
The Australian Securities and Investments Commission ( ASIC ) said today (Wednesday) that 22 large proprietary companies paid A$4.36 million (about US$3.0 million) in infringement notices. Each paid A$198,000 for allegedly failing to lodge its audited 2025 financial report on time. Payment of an infringement notice is not an admission of guilt or liability, ASIC said. The notices come from a data-…