Special Purpose Financial Statements are no longer an acceptable form of financial statements for lodgement purposes with ASIC. Effective annual reporting periods beginning 1 July 2021 financial years.
Reduced Disclosure Regime is replaced with a simplified disclosure regime and is mandatory annual reporting periods beginning 1 July 2021.
Not for profits can continue to prepare Special Purpose Financial Statements Reduced Disclosure Regime is replaced with a simplified disclosure regime
We’re ready to help. This is a specialised area of audit practice, please contact Sandeep Kumar on +61 2 9263 2631 or firstname.lastname@example.org to ensure that you meet your ongoing annual lodgement requirements with the most accurate and correct information needed for submission.