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Information for Business Owners

Large Proprietary Company

Large proprietary companies must prepare and lodge a financial report and a directors’ report for each financial year with ASIC. The accounts must be audited unless ASIC grant relief.  A proprietary company is defined as large for a financial year if it satisfies at least two of the following criteria: 

1. The consolidated revenue for the financial year of the company and any entities it controls is $25 million or more

2. The value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is $12.5 million or more, and

3. The company and any entities it controls have 50 or more employees at the end of the financial year. 
For help - contact BASMAN RETURNS

5 Comments to Large Proprietary Company:

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blackhalo on Sunday, 25 September 2011 11:25 PM
Great blog.
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jenny han on Tuesday, 1 November 2011 6:41 AM
Still a great blog my friend.
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lawyers for motor vehicle accident on Saturday, 1 June 2013 4:59 PM
In any type of business enterprise, an accountant is crucial. You have got to bear in mind that accounting is generally the language for commerce . so large proprietary company play a vital role here..
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dui attorney on Friday, 27 September 2013 3:33 PM
really a good post for the business owners. Nice piece of writing.
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strona www on Saturday, 16 August 2014 2:55 AM
we could adorn the within with my home, accommodation and business everywhere we all work into profile protection things to consider -- definitely not worthy of towards yourself to experiment
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