Corporate Reporting
     Financial records required under the Corporations Act: 
     1. Records that:
       • Correctly record and explain transactions and financial position and 
        performance and,
       • Would enable true and fair financial statements to be prepared and 
        audited.
     Must be retained for 7 years after the transaction has been completed.
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    2. Minute Books (S251A) record:
    Proceedings and resolutions of members’ and directors’ meetings.
    Resolutions passed with a meeting.
    Declarations by the director.
    Members are entitled to inspect and request copies of these under S251B.
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    3. Register of members, option holders and debenture holders, S168-173
    4. Register of charges, S271. In respect of creditors whom have been provided 
    assets as security.
    5. Register of relevant interests: S627DA
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                    Lodgement with ASIC
     S121 – a company must lodge an address in Australia as the registered office. 
     This serves as a point of contact for the public, as well as a location to store 
     records.
     Annual Review
     ASIC require an annual review and an annual review fee. The review date is 
     the anniversary of the company’s registration.
     Other lodgements include informing ASIC of certain changes when they occur, 
     such as a change in director.
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                 Financial Reporting
    Financial reporting requirements differ according to company size and nature:
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