ASIC Charges Ten Companies for Failing to Lodge Financial Reports

ASIC successfully prosecuted ten companies in the period 1 January 2022 and 30 June 2022 for failing to comply with their obligations to lodge financial reports with ASIC.  

ASIC took action against the following companies:

• ​Blackgold International Holdings Pty Ltd (ACN 145 095 478), which was convicted and fined $7,500 for failing to lodge four annual financial reports between 2018 and 2021,

• ​Strathfield Group Limited (Deregistered) (ACN 053 687 728), which was convicted and fined $30,000 for failing to lodge two annual financial reports between 2019 and 2020 and $40,000 for failing to comply with an ASIC Notice,

• ​Weed Australia Ltd (ACN 617 827 764), which entered into a 12-month good behaviour bond with a recognisance of $1,000 for failing to lodge three annual financial reports between 2019 and 2021,

• ​Onslow Resources Pty Ltd (ACN 140 317 264) (formerly Onslow Resources LTD), which was convicted and fined $22,500 for failing to lodge three annual financial reports between 2018 and 2020,

• ​Ubecorp Limited (ACN 060 938 552), which was convicted and fined $15,000 for failing to lodge three annual financial reports between 2019 and 2021,

• ​McGrath Saleco Limited (ACN 608 153 797), which was convicted and fined $40,000 for failing to lodge four annual financial reports between 2017 and 2020,

• ​Peel Valley Group Pty Ltd (ACN 119 963 174), which was convicted and fined $3,000 for failing to lodge three annual financial reports between 2017 and 2019,

• ​Winha Commerce and Trade International LTD (ACN 605 884 848), which was convicted and fined $30,000 for failing to lodge three annual financial reports between  2019 and 2021,

• ​Animoca Brands Corporation Limited (ACN 122921813), which was convicted and fined $30,000 for failing to lodge three annual reports between 2020 and 2022  and $20,000 for failing to lodge two half year financial reports between 2020 and 2021,

• ​Frontier Diamonds LTD (ACN 616 232 556), which was convicted and fined $20,000 for failing to lodge one annual financial report for 2020 and one half year financial report for the half year ending 31 December 2019.