ASIC Is Actively Targeting Large Proprietary Companies — Are You at Risk of a Reporting Breach?

Penalties are increasing.

ASIC is USING AI & ATO data to identify companies that haven’t lodged.

Director liability is real.

Most directors don’t realise they’re already in breach until ASIC contacts them.

👉 Get a Confidential Compliance Check From Our Audit Team

You Are Likely a Large Proprietary Company If You Meet Two of These:

$50M+ revenue

$25M+ in assets

100+ employees

If that’s your organisation,
ASIC requires you to lodge audited financial statements annually

Not doing so is now a top enforcement issue.

This review is designed specifically for CEOs, CFOs, Directors, Company Secretaries and Owners who want certainty before ASIC contacts them.

Why ASIC Is Cracking Down in 2025

ASIC’s surveillance program is now:

  • Using ATO data matching

  • Applying AI-driven identification of late/non-lodgers

  • Issuing fines exceeding $187,000+

  • Increasing director-level accountability

  • Publicly naming & shaming companies who fail to lodge

For companies already stretched with reporting deadlines, this creates material compliance risk.

What You Get in a Davidsons Compliance Review

  • Your current financial reporting obligations

  • Whether you meet Large Proprietary thresholds

  • Whether your last lodgement was compliant

  • Where gaps or risks may sit

  • A clear plan to get back on track — fast

This is a confidential, obligation-free review designed to reduce your risk immediately.

Trusted for Audit & Lodgement Compliance

Davidsons is a recognised audit and assurance firm with over 120 years of regional history.

Our audit team works with businesses across multiple industries to ensure full compliance, reduce exposure, and prepare director-level reporting packs.

We are known for:

A supportive, non-judgemental approach

Clear communication with boards & executives

Practical, audit-ready processes

★ ★ ★ ★ ★

Lucy, Elvina and the team at Davidsons are a terrific audit team. We have worked with Davidsons since 2018 and the partnership is growing stronger year-on-year. Our Aged care business has grown from 305 beds to > 2,000 beds over that period and that success has been supported by Davidsons all along the journey. Thank you and we look forward to working together into the future.

Paul O'Mahony
★ ★ ★ ★ ★

This was our first year of working with Davidsons. It has been a productive audit partnership, which assisted us in refining some of our practices in line with Australian Accounting practices. The Finance, Risk and Compliance Committee has been very satisfied with the audit process approach.

Palliative Care
★ ★ ★ ★ ★

Davidsons have been conducting Ocean Grove Surf Club's annual financial audits for many years now. I have personally dealt with them for nearly 10 years in my administrator role at the club and have always found each auditor to be extremely professional, personable and helpful. I appreciate the consistency of having the same auditor for a few years in a row, who understand our business. I have no hesitation in recommending Davidsons.

Anna McDonald
★ ★ ★ ★ ★

Davidsons attention to detail and unswerving enquiry has helped the Christian College Geelong better refine our reporting practices. Lucy and the team were of great assistance at a time of significant organisational change and have helped to refine the level of professionalism in reporting across the College's various entities. I commend them as a prospective fit for your own organisation. Bernard

Bernard Nicholls

How It Works

Step 1
Book a confidential review

Select a time for a short consultation with one of our compliance specialists.

Step 2
Receive your compliance roadmap

We review your lodgement position, identify any risks, and outline the steps to become fully compliant before ASIC acts.