QLD Coal LSL Annual Audit
Budget: $1,500 – $3,000 AUD
Good morning,
This is a reminder that the Audit Report for AUSTRALIAN MINING SUPPLIES COMPANY PTY LTD 1341506 for the FY25
financial year must be lodged with Coal LSL by 31/12/2025.
What are my obligations?
As an employer of eligible employees, you must lodge an audit report with Coal LSL each year.
This is a legislative requirement under section 10 of the Coal Mining Industry (Long Service Leave) Payroll Levy Collection Act 1992 (“the Collection Act”).
The Audit report must state whether, in the opinion of the auditor, the employer has paid all amounts of levy due under the Levy Act in the relevant year. Further, if any reimbursements have been paid to the employer during the year, the auditor must express an opinion as to whether that amount paid was correct. The report must give reasons for the auditor’s opinion.
In giving reasons, the auditor should indicate how they formed the opinion which may include reference to relevant accounting standards for any processes used.
If the Auditor identifies that not all levy has been paid then appropriate details of the non-compliance must be provided. It is recommended that you discuss this requirement with your auditor at the time of engagement.
We would also like to take this opportunity to encourage you and your auditor to include as much detail as possible in the audit report. In particular, we request that you include the total amount of levy paid and reimbursement claimed during the financial year to allow reconciliation against Coal LSL's records.
This is a reminder that the Audit Report for AUSTRALIAN MINING SUPPLIES COMPANY PTY LTD 1341506 for the FY25
financial year must be lodged with Coal LSL by 31/12/2025.
What are my obligations?
As an employer of eligible employees, you must lodge an audit report with Coal LSL each year.
This is a legislative requirement under section 10 of the Coal Mining Industry (Long Service Leave) Payroll Levy Collection Act 1992 (“the Collection Act”).
The Audit report must state whether, in the opinion of the auditor, the employer has paid all amounts of levy due under the Levy Act in the relevant year. Further, if any reimbursements have been paid to the employer during the year, the auditor must express an opinion as to whether that amount paid was correct. The report must give reasons for the auditor’s opinion.
In giving reasons, the auditor should indicate how they formed the opinion which may include reference to relevant accounting standards for any processes used.
If the Auditor identifies that not all levy has been paid then appropriate details of the non-compliance must be provided. It is recommended that you discuss this requirement with your auditor at the time of engagement.
We would also like to take this opportunity to encourage you and your auditor to include as much detail as possible in the audit report. In particular, we request that you include the total amount of levy paid and reimbursement claimed during the financial year to allow reconciliation against Coal LSL's records.