CS 61 Proposed remake of ASIC Corporations (Wholly-owned Companies) Instrument 2016/785
ASIC consults on remaking the relief that lets wholly-owned subsidiaries avoid separate audited financial reports where a deed of cross guarantee is in place. Relevant to corporate groups using closed-group relief.
What it means for business
Consider checking whether any group entities depend on this relief for financial reporting exemptions.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
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