ASIC has filed an application in the Supreme Court of New South Wales to wind up Liberty Bell Bay Pty Ltd following its failures to lodge annual financial reports with ASIC.
Liberty Bell Bay failed to lodge annual reports for the financial years ending in 2021, 2022, 2023, and 2024. In June 2025 ASIC obtained orders from the Court to enforce compliance (25-113MR). Liberty Bell Bay subsequently failed to comply with the Court orders (25-141MR). ASIC alleges that Liberty Bell Bay has also failed to lodge reports for the financial year ending in 2025.
ASIC has now applied to wind up Liberty Bell Bay on just and equitable grounds.
Financial reporting misconduct, including failure to lodge financial reports is an ASIC enforcement priority for 2026 (25-273MR). ASIC will continue to monitor and address lodgement failures, including taking regulatory action for ongoing non-compliance.
It is important that annual 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.
