Generally, you will need to report on your compliance with the conditions attached to your no objection notification or exemption certificate.
The foreign investor’s specific compliance reporting obligations are set out in the no objection notification or exemption certificate issued to you.
Your reporting conditions may require that your compliance with the conditions is certified either by an officer of the investor or require that an independent audit of your compliance be periodically carried out.
A template for preparing compliance reports appears at Attachment A of this guide.
Guidance Note 13: Compliance reporting
Overview
- A: Why do you need to report on your compliance?
- B: Types of compliance reports
- C: How should a compliance report be prepared?
- D: Timeliness
- E: Who prepares and signs off on the report and their role(s) in relation to the investor
- F: Accurate, factual and complete information
- G: Quality, depth and relevance of information and evidence provided
- H: Reporting under tax conditions
- I: Reporting on independent audit conditions
- Further information
- Attachment A: Compliance report on foreign investment conditions
- Compliance Report Template