Australia’s Canva Pays $571K In Infringement Notices Over Delayed Financial Filings

Australia-based design software giant Canva has paid A$792,000 ($571,000) in infringement notices after failing to submit its fiscal 2024 financial reports on time, drawing scrutiny from the country’s corporate regulator as the company continues preparing for a potential IPO.

TL;DR

• Australia’s ASIC fined four Canva entities A$198,000 each for delayed FY24 financial filings.

• Canva submitted the overdue consolidated report in March 2026, nearly a year after the April 2025 deadline.

• The company said it has strengthened reporting systems and is now fully compliant.

• The development comes as Canva reportedly eyes a future public listing after reaching a $42 billion valuation in 2025.

Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), revealed that four entities under the Canva Group paid infringement notices totaling A$792,000 for allegedly failing to lodge mandatory financial reports within the required timeframe.

Source

The affected entities included Canva Pty, Canva Operations Pty, Canva Trading Pty, and Fusion Books Pty, each receiving a penalty of A$198,000. According to ASIC, the companies failed to file their fiscal 2024 reports by the April 30, 2025 deadline. Canva eventually lodged its consolidated FY24 report on March 27, 2026.

Under Australian corporate law, large companies must submit annual financial and directors’ reports within four months of the end of the financial year. ASIC noted that timely reporting remains one of its enforcement priorities because delays can impact creditors, investors, and other stakeholders who rely on company disclosures for decision-making.

“We take our reporting obligations seriously and regularly share public updates on our business and growth,” a Canva spokesperson said in a statement shared with Reuters.

Interestingly, the timing coincides with Canva’s broader corporate restructuring and expansion efforts. Reports indicate that Canva shifted parts of its reporting structure under Canva Australia Holdings Pty Ltd following organizational changes in late 2025.

Founded in 2013 by Melanie Perkins, Cliff Obrecht, and Cameron Adams, Canva has grown into one of Australia’s biggest technology success stories. The platform enables users to create presentations, social media graphics, marketing material, documents, and other visual content using cloud-based tools.

With regulators globally tightening oversight around corporate transparency and governance, Canva’s filing delay serves as a reminder that even high-growth tech unicorns are not exempt from compliance obligations.