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Mecca Brands Pty Ltd, along with its affiliates Mecca Brands NZ Pty Ltd and parent company RTH Pty Ltd, have incurred fines totaling $198,000 each, following allegations of delayed report submissions by the corporate regulator.
The Australian Securities and Investments Commission (ASIC) highlighted that Mecca failed to submit their audited financial statements for the fiscal year ending December 28, 2024, by the stipulated deadline of April 25, 2025.
“Three significant proprietary firms linked to the Mecca group have settled $594,000 in fines due to the alleged late submission of audited financial documents,” stated ASIC in an official release.
ASIC further explained that its inquiries into Mecca commenced in July 2025, prompting the companies to submit the necessary financial reports shortly thereafter.
The regulatory body clarified that settling an infringement notice does not equate to an admission of guilt or liability, nor does it imply a legal conviction for the alleged offense.
In a statement, a spokesperson for Mecca said it acknowledged the infringement notice handed down by ASIC.
“We have never disputed that some of our filings were submitted later than required and we take our reporting obligations seriously,” the spokesperson said.
“We have worked constructively with ASIC and our auditors to address these delays and have strengthened our internal processes to ensure timely lodgement going forward.
“This matter is now resolved.
“As a private company, we remain committed to meeting our regulatory obligations with the same discipline we apply across all areas of our business.”
Large proprietary companies like Mecca are legally obliged to lodge financial reports to ensure creditors and other stakeholders can remain informed about business operations.
A total of 12 large proprietary companies received fines for allegedly failing to lodge their FY24 audited financial reports on time, ASIC said.
“ASIC reminds the directors of large proprietary companies and other entities with financial reporting obligations that they need to proactively review their reporting obligations and ensure financial reports are lodged in a timely manner,” ASIC Commissioner Kate O’Rourke said.
“We also remind auditors of these entities to notify ASIC if they are aware or suspect that a company is not complying with its lodgement obligations.”
Mecca was founded in Melbourne in 1997 by Jo Horgan.
Its parent company, RTCH, is run by Horgan and her husband Peter Wetenhall.
Mecca has 110 locations around Australia and New Zealand and opened its flagship store on Melbourne’s Bourke Street last year.
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