31JAnnual return

##### 31J Annual return (1) A person who: (a) has been a registered foreign insurance agent at any time during a particular accounting period of the person; and (b) during that period, arranged any contract of general insurance as agent for an unauthorised foreign insurer; shall lodge with ASIC a return with respect to the person’s activities as an insurance intermediary during that period (not including any part of the period when the person was not registered). Penalty: 30 penalty units. (2) The return: (a) must be in an approved form; (b) must contain such information as is required by the form; (c) must be accompanied by a report of an approved auditor in accordance with the regulations; (d) unless paragraph (e) applies—must be lodged within 4 months after the end of the accounting period to which it relates; and (e) if, before the end of the lodgment period referred to in paragraph (d), ASIC grants an extension of the lodgment period—must be lodged within the extended period. (3) Subsection 31H(2) does not apply for the purposes of this section.