Institute's Submission 
 
The Institute suggests that companies limited by guarantee should continue to report to their members in some form, but that small ones should not be required to lodge audited general purpose financial reports with the ASIC.  
 
Click here (PDF) to read more of our Institute submission. 
 
Joint Submission- the Institute, CPA, NIA 
 
The professional bodies support some form of differential reporting for companies limited by guarantee that fall below a turnover-related threshold or size test. However, this support does not extend to eliminating all reporting requirements for these entities. They believe these entities have both sufficient numbers of members and a general accountability to the community, such that an exemption for these entities from lodging any form of report is inappropriate. 
 
There are varying views amongst the memberships of the three bodies on what the appropriate reporting mechanisms should be. 
 
Click below to read the:

• Joint submission (PDF) (Institute, CPA, NIA) 
  
• NIA submission (PDF) 
  
• CPA homepage