What is the current late lodgement penalty?

From 30 Apr 2021,

$300 for late lodgment filed within 3 months after filing due date; or
$600 for late lodgment filed more than 3 months after the filing due date.

 


What is a considered an annual lodgement?

The following types of entities have annual statutory obligations:-
- Annual Returns by local companies under s197 of the Companies Act
- Annual Filing of Financial statement by foreign companies under s373 of the Companies Act
- Annual Declaration by Limited Liability Partnerships (LLP) under s24 of the LLP Act
- Annual Returns by Variable Capital Companies (VCC) under s97 of the VCC Act