The Australian Securities & Investments Commission has issued infringement notices totalling AUD 594,000 to the Australian operators of Zara, H&M and Sephora for allegedly failing to lodge annual financial reports by the required dates. Inditex Australia Pty Ltd, H&M Hennes & Mauritz Pty Ltd and Sephora Australia Pty Ltd each paid AUD 198,000, and all outstanding reports have now been lodged. The late filings related to Inditex Australia’s financial year ended 31 January 2025, H&M Hennes & Mauritz’s year ended 30 November 2025, and Sephora Australia’s year ended 31 December 2024. ASIC noted that payment of an infringement notice is not an admission of guilt or liability and does not mean the companies have been convicted of the alleged offence. ASIC linked the notices to its August 2025 surveillance of late and non-lodgement by large proprietary companies, which it has identified as a 2026 enforcement priority. Under that program it has issued 24 infringement notices worth more than AUD 4.5 million and secured more than AUD 1.1 million in court-imposed fines for related financial reporting and governance breaches. ASIC said it will continue targeted, data-driven surveillance to identify and investigate companies that file late or do not file at all.
Australian Securities & Investments Commission2026-06-04
Australian Securities & Investments Commission issues AUD 594000 in infringement notices to operators of Zara H&M and Sephora in Australia for late financial reports
The Australian Securities & Investments Commission has issued infringement notices totalling AUD 594,000 to the Australian operators of Zara, H&M and Sephora for allegedly failing to lodge annual financial reports on time, with each company paying AUD 198,000 and now having lodged all outstanding reports. The action forms part of ASIC’s surveillance of late and non-lodgement by large proprietary companies, a 2026 enforcement priority under which it has so far issued 24 infringement notices worth more than AUD 4.5 million and obtained more than AUD 1.1 million in court-imposed fines. Payment of the infringement notices does not constitute an admission of guilt or a conviction, and ASIC said it will continue targeted, data-driven surveillance of late or non-filers.