The Australian Securities and Investments Commission (ASIC) has issued infringement notices to three companies operating major fashion and beauty retail businesses in Australia for allegedly failing to lodge their financial reports by the required date.

Inditex Australia Pty Ltd, which operates and retails under the Zara fashion brand in Australia, has paid an infringement notice of $198,000 for failing to lodge its report for the financial year ending 31 January 2025.

H&M Hennes & Mauritz Pty Ltd, which operates and retails under the fashion brand H&M, paid an infringement notice of $198,000 for failing to lodge its report for the financial year ending 30 November 2025.

Sephora Australia Pty Ltd, a beauty and personal care retailer, paid an infringement notice of $198,000 for failing to lodge its report for the financial year ending 31 December 2024.

The three companies have now lodged all outstanding financial reports.

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.

ASIC Commissioner Kate O’Rourke said the three infringement notices reinforced ASIC’s ongoing commitment to pursuing enforcement action for late lodgement and non-lodgement of financial reports by large proprietary companies.

‘Since announcing a broad surveillance focused on late lodgement and non-lodgement of financial reports in August 2025, ASIC has issued 24 infringement notices totalling over $4.5 million for alleged financial reporting breaches.

‘This, combined with court-imposed fines for failing to lodge financial reports and related governance obligations, should send a clear message to reporting entities that we are actively enforcing the financial reporting requirements and expect companies to comply.

‘In line with our current enforcement priority, and through our targeted, data-driven surveillance, we continue to identify and investigate a number of companies that have lodged late or failed to lodge at all.

‘ASIC will take appropriate action to ensure reporting entities are well aware of, and comply, with this important governance and disclosure obligation’, Ms O’Rourke said.