Alliant Perpetual

Background

FMA issued an infringement notice to registered building society Alliant Perpetual (Alliant) for failing to file financial statements by their due date.

Alliant is a building society which was registered on 14 April 2008. Under section 451(1)(j) of the Financial Markets Conduct Act 2013 (FMC Act), every building society is a reporting entity under the FMC Act.

Alliant was required to file audited financial statements for the year ended 31 January 2022 by 31 May 2022, together with a copy of the auditor’s report of those statements, under section 461H of the FMC Act. At the date of publication of this media release, Alliant has yet to file its financial statements. This is not the first time that Alliant has failed to file its financial statements by their due date.

The FMA’s infringement notice requires Alliant to pay a $7,500 fee for an infringement offence under s 461H of the FMC Act. Alliant has 28 days to pay the infringement fee or respond to the notice in the prescribed manner.