The Australian Securities and Investments Commission announced that Liberty Infrabuild Limited and its parent company, Liberty Holdings Australia Pty Ltd, have each paid an AUD 187,800 infringement notice for allegedly failing to lodge their audited financial reports for the year ended 30 June 2024 within the statutory timeframe, totalling AUD 375,600. Both reports were due by 31 October 2024, and ASIC commenced inquiries with various GFG Alliance companies after the non-lodgement. Liberty Infrabuild subsequently lodged on 23 May 2025 with a qualified audit opinion, while Liberty Holdings Australia lodged on 15 September 2025 with a disclaimer audit opinion. Payment of an infringement notice is not an admission of guilt or liability and does not constitute a conviction, and ASIC noted that both companies lodged their FY25 audited financial reports on time. The release reiterates that companies must lodge audited financial reports with ASIC under section 319(1) of the Corporations Act, where contravention is a strict liability offence. It also flagged financial reporting misconduct, including failures to lodge, as an ASIC enforcement priority for 2026 and referenced separate civil proceedings commenced in June 2025 in the Supreme Court of New South Wales against other GFG Alliance entities for alleged non-lodgements of annual financial reports.

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