ASIC has taken action in the Supreme Court of NSW against Liberty Primary Metals Australia, Tahmoor Coal and Liberty Bell Bay for their failure to lodge annual financial reports with ASIC.
Large proprietary companies with a financial year ending 30 June are required to lodge their annual reports with ASIC by 31 October each year.
Liberty Primary Metals Australia and Tahmoor Coal have failed to lodge annual reports with ASIC for the 2024 financial year.
Liberty Bell Bay failed to lodge financial reports with ASIC for the financial years ending in 2021, 2022, 2023, and 2024.
An annual report consists of a financial report, a directors' report, and an auditor's report.
It is important that these reports are lodged in a timely manner to assist creditors and other users of the annual reports in making informed decisions when dealing with large companies.
