Mecca Companies pay $594,000 for late financial reports

Three large proprietary companies linked to Mecca have paid $594,000 in infringement notices for failing to lodge audited financial reports on time. 

Mecca Brands Pty Ltd, Mecca Brands NZ Pty Ltd, and RTCH Pty Ltd each paid $198,000 after allegedly missing the 28 April 2025 deadline for their FY24 reports. ASIC contacted the companies in July 2025, and they lodged their statements shortly afterward. 

ASIC noted that payment of an infringement notice is not an admission of guilt and does not constitute a conviction. The specific reasons for the notices are recorded on the Infringement Notices Register. 

Timely lodgement of financial reports is a key enforcement priority for ASIC in 2026. The regulator is expanding its surveillance program, targeting non-lodgement and persistent late lodgement, including large proprietary companies and other entities with financial reporting obligations. 

In 2025, ASIC engaged with 217 companies as part of its data-driven surveillance. That process identified 151 non-compliant entities, resulting in twelve large proprietary companies receiving infringement notices for late FY24 reports. 

ASIC Commissioner Kate O’Rourke emphasised that large proprietary companies must submit financial reports to allow stakeholders to make informed decisions.

“ASIC reminds the directors of large proprietary companies and other entities with financial reporting obligations that they need to proactively review their reporting obligations and ensure financial reports are lodged in a timely manner. We also remind auditors of these entities to notify ASIC if they are aware or suspect that a company is not complying with its lodgement obligations,” she said. 

According to ASIC, large proprietary companies are required to lodge a financial report and director’s report within four months of the end of the financial year unless relief is granted. A company is classified as large if it meets at least two of the following: $50 million or more in consolidated revenue, $25 million or more in gross assets, or 100 or more employees.

Last updated: 2nd Apr 2026

About the Author

Ro Elvinia is ABN Australia's Customer Success and Marketing Manager. She holds a bachelor’s degree in mass communication, majoring in journalism, and also has an academic background in civil engineering. With over a decade of experience in professional writing and a background spanning journalism, Australian immigration, and business services, Ro brings a unique mix of communication and analytical expertise. She works closely with international clients and contributes to ABN Australia's content strategy, helping global businesses stay informed and confident as they navigate the Australian market.