Visy and Pratt group companies pay $4.1 million over late financial report filings

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Visy, Pratt late filings

Highlights

Twenty-one companies in the Visy/Pratt group paid a total of $4.158 million in infringement notices for allegedly failing to lodge 2025 financial reports on time.
Each company paid a $198,000 infringement notice after missing the 31 October 2025 deadline for financial reports relating to the year ended 30 June 2025.
ASIC emphasized that payment does not constitute admission of guilt and reinforced its active scrutiny of financial disclosure compliance for large Australian private groups.

ASIC action over missed 2025 filing deadline

As reported by ASIC, 21 companies within the Visy/Pratt group have paid infringement notices totalling $4.158 million for allegedly failing to lodge their financial reports on time. The notices relate to reports for the year ended 30 June 2025, which were due by 31 October 2025.

Each company paid an infringement notice of $198,000. The entities named by the regulator are Battery Group Limited, Build Run Repair (Australia) Pty Ltd, OVS Investment Corporation Limited, Pratt Consolidated Holdings Pty. Ltd., Pratt Finance Proprietary Limited, Pratt Holdings Proprietary Limited, Visy Board Proprietary Limited, Visy Board (Wodonga) Pty. Ltd., Visy Glass (Australasia) Pty Ltd, Visy Industries Australia Pty Ltd, Visy Industries Holdings Pty Ltd, Visy Kraft Holdings Pty. Ltd., Visy Logistics Pty Ltd, Visy Packaging Holdings Pty. Ltd., Visy Packaging Properties Pty. Ltd., Visy Packaging Pty. Ltd., Visy Pulp and Paper Pty. Ltd., Visy Recycling Australia Pty Ltd, Visy Retail Services Pty Ltd, Visypak Operations Pty. Ltd., and Visypet Pty. Ltd.

Regulatory implications for Australian corporate reporting

ASIC said payment of an infringement notice is not an admission of guilt or liability, and the companies are not regarded as having been convicted of the alleged offence. The regulator added that the specific reasons for its concerns are set out in the infringement notices.

The case highlights ASIC's focus on timely financial disclosure obligations for large private groups in Australia. Late lodgement of financial reports can draw regulatory scrutiny because the filings are part of the compliance framework used to monitor corporate governance and financial transparency.

Our earlier report on Pakistan’s income tax return filing deadline focused on growing pressure on the Federal Board of Revenue to extend Tax Year 2026 submissions, after the final return form was notified in early September. It outlined arguments from tax experts and business groups that persistent IRIS portal glitches and procedural hurdles are impeding compliance and could expose taxpayers to penalties without additional time.

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