Episode 22: Lodge on time, one time, every time

In 2019-20 registered organisations and branches lodged nearly 2,000 documents with us. This includes compliance requirements like financial reports, annual returns and prescribed information for elections.

We talk about how we assess financial reports and the tools available to improve compliance performance. We also identify the common non-compliance issues with prescribed information for elections and share how registered organisations can support an efficient decision-making process. This episode uncovers some common roadblocks to processing a lodgement, and the education resources that can help to avoid errors and delays.

Education is a key element of our approach to compliance and enforcement. Registered organisations and branches are encouraged to engage with us if they have questions about a lodgement or compliance generally. You can call us on 1300 341 665 or send an email to regorgs@fwc.gov.au.

Episode highlights

01:36  ROC’s case management system

04:54  The assessment of financial reports

07:44  The latest compliance rates

10:50  Lodging a financial training exemption application

13:50  Practical tips for lodging prescribed information (PI) for elections

16:33  What happens if errors are discovered during an assessment?

Links

• Compliance calculator
• Financial reporting
• Elections

ROCpod was the official podcast of the Registered Organisations Commission. It is copyright to the Commonwealth of Australia. The opinions expressed in ROCpod are the opinions of the particular speaker and not necessarily the opinions of the regulator. 

This information is general and is not intended to be comprehensive, it is designed to assist in gaining an understanding of the relevant provisions of the legislation, the regulator and its work. The regulator is not able to provide legal or accounting advice. 

For further information please see the registered organisations materials on our website or contact us at regorgs@fwc.gov.au.