Exposure Draft – Proprietary Company Thresholds

Thursday, 13 December 2018

On 14 December 2018 the AICD lodged a submission with Treasury on the Exposure Draft – Corporations Amendment (Proprietary Company Thresholds) Regulations 2018.


The AICD strong supports the review and update of the financial reporting thresholds for proprietary companies which will relieve some of the compliance burden for smaller entities.

We consider that a more comprehensive review of the quantum of the thresholds is needed, rather than the proposal to simply double the thresholds. This review should be focused on determining what is economically significant. Our preliminary position is that the minimum financial thresholds should be $100 million in revenue and $50 million in assets.

In addition, the AICD considers that as a matter of priority, a review needs to take place of the thresholds applying to companies limited by guarantee which have not been reviewed since 2007.

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