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Click ‘Get Form’ to open it in the editor.
Begin by entering the company or scheme details, including the name and ACN/ARSN/PIN/ABN. Ensure accuracy as this information is crucial for identification.
In the lodgement details section, provide contact information for ASIC queries, including a contact name, telephone number, and email address if applicable.
Select the reason for lodging the statement and reports by ticking the appropriate box. This helps ASIC categorize your submission correctly.
Fill in the financial year dates accurately to reflect when your financial statements apply. This is essential for compliance.
Complete sections regarding auditor’s reports and current auditors, ensuring all required details are filled out correctly.
Attach necessary financial statements and ensure they are signed by an authorized individual before submitting.

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What is the purpose of the ASIC?

Section 601CK of the Corporations Act requires registered foreign companies to lodge balance sheets, profit and loss statements, cash flow statements and other documents with ASIC. You should seek professional advice if you are unsure of your companys financial reporting obligations.

What is form 388 ASIC?

Purpose. Use Form 388 with the annual financial statements and reports lodged by public, large proprietary and small proprietary foreign-controlled companies, and registered schemes. It is also used by companies (not schemes) to notify us of appointing an auditor.

What does the Australian Securities and Investments Commission (ASIC) do?

Financial reports are available on ASICs public register. To locate a specific companys financial report you can complete a company name search on Organisations Business Names at ASIC Connect.

Do you need to lodge financial reports with ASIC?

All large proprietary companies need to lodge financial reports. Only some small proprietary companies do. A large proprietary company is one that meets at least two of the following criteria at the end of a financial year: The consolidated revenue of the company and any entities it controls is $50 million or more.

asic form 388 pdf

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