$594,000 in ASIC infringement notices for late financial reports
Documented record
ASIC reported that MECCA Brands Pty Ltd, MECCA Brands NZ Pty Ltd and RTCH Pty Ltd each paid a $198,000 infringement notice after allegedly failing to lodge audited financial reports for the year ended 28 December 2024 within the statutory timeframe. ASIC said the reports were due on 28 April 2025 and were lodged shortly after ASIC began inquiries in July 2025.
ASIC expressly stated that payment is not an admission of guilt or liability and that the companies are not regarded as having been convicted of the alleged offence.
Open accountability questions
- Why did three associated companies miss the same reporting obligation?
- What controls have since been introduced?
- Were earlier reporting delays part of a recurring pattern?