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  • General purpose financial statements – reminder for December balancers

    A corporate entity that is a significant global entity (SGE) must lodge general purpose financial statements (GPFS) for each income year commencing on or after 1 July 2016.

    If you are a December early balancer, you must submit a GPFS statement for the 2018 income year when lodging your company tax return (generally by 15 July 2019).

    We have updated our guidance material to assist you lodge a GPFS.

    Failure to lodge on time may result in increased penalties.

    Lodging your GPFS

    You must lodge your GPFS through the Business Portal or Tax Agent Portal. We do not accept paper or email lodgments of the GPFS.

    When you lodge your GPFS ensure that you:

    • attach it in PDF (.pdf) format
    • ensure the PDF does not exceed 20MBs
    • do not include any content containing encrypted data, active content (for example JavaScript or PostScript), external references, attached objects or executables in the PDF
    • have your GPFS translated into English if the GPFS is not prepared in English
    • provide your relevant income year and the financial year end date.

    Need more help?

    Requesting an extension

    You can request an extension if you are unable to meet lodgment deadlines due to exceptional and unforeseen circumstances.

    To make a formal request for an extension, send an email to SGE@ato.gov.au. The request should identify:

    • the entity and their ABN
    • the reasons for requesting an extension
    • the proposed new deadline for lodgement.

    Please ensure that you request for an extension before the due date of your GPFS.

    Ask us a question

    You can email us your questions at SGE@ato.gov.au.

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    Last modified: 26 Jun 2019QC 59431