# COMMONWEALTH AUSTRALIA SECURITIES LLC X-17A-5 (2025-08-29) — Broker-dealer annual report - Company: COMMONWEALTH AUSTRALIA SECURITIES LLC - Form: X-17A-5 - Filed: 2025-08-29 - Period: 2025-06-30 - Accession: 0001332031-25-000003 - CIK: 1332031 - File #: 8-66998 - Type: Broker-dealer - Material weakness: No - Auditor: PricewaterhouseCoopers LLP - Auditor location: New York, NY - Contact: Jayson Poulton - Phone: 212-848-9351 - Email: jayson.poulton@cba.com.au - Website: com.au - Signed by: Jayson Poulton (Chief Financial Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1332031/000133203125000003/CASShortForm2025.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden h ## ANNUAL REPORTS FORM X-17A-5 PART III | . PART CLASS OF CHE ON ON OF CALLER DE DE DE DELLING TO CHE CALLEN & C
ours per response: 12 | | |-------------------------------------------------------------------------------------------------|--| | SEC FILE NUMBER | | 8-66998-8 FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 07/01/24 06/30/25 FILING FOR THE PERIOD BEGINNING AND ENDING MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: Commonwealth Australia Securities, LLC TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer | Security-based swap dealer | | Major security-based swap participant Check here if respondent is also an OTC derivatives dealer 238 (PCAOB Registration Number, if applicable) ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 599 Lexington Ave. - 30th Floor | | (No. and Street) | | | |----------------------------------------------|-----------------------------------------------------------------------------|---------------------------|------------| | New York | NY | | 10022 | | (City) | (State) | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Jayson Poulton | 212-848-9351 | Jayson.Poulton@cba.com.au | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing ** | | | | PricewaterhouseCoopers LLP | | | | | | (Name - if individual, state last, first, and middle name) | | | | 300 Madison Ave. | New York | NY | 10017 | | (Address) | (City) | (State) | (Zip Code) | 10/20/2003 (Date of Registration with PCAOB)(if applicable) FOR OFFICIAL USE ONLY \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ ### OATH OR AFFIRMATION | Jayson Poulton | | swear (or affirm) that, to the best of my knowledge and belief, the | | |----------------|------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------| | | | financial report pertaining to the firm of Commonwoalth Australia Securities, LLC | as of | | June 30 | | 2 025 is true and correct. I further swear (or affirm) that neither the company nor any | | | | as that of a customer. | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | Signature: Title: Chief Financial Officer ### Notary Public ### This filing \*\* contains (check all applicable boxes): - (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - [c] Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - (d) Statement of cash flows. - [e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [g) Notes to consolidated financial statements. - [h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [i) Computation of tangible net worth under 17 CFR 240.18a-2. - [] Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - [ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [m] Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - [n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - [ {o} Reconciliations, including apropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist - [p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - [r] Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [s) Exemption report in accordance with 17 CFR 240:17a-5 or 17 CFR 240.18a-7, as applicable. - (t) Independent public accountant's report based on an examination of the statement of financial condition. - [u] Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - [ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [w] Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [] (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - [] {y} Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - [ (z) Other: \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.170-5(e)(2), as applicable. {2}------------------------------------------------ # Commonwealth Australia Securities, LLC (A Wholly-Owned Subsidiary of Commonwealth Bank of Australia) Statement of Financial Condition Pursuant to Rule 17a-5 under the Securities Exchange Act of 1934 June 30, 2025 {3}------------------------------------------------ | Commonwealth Australia Securities, LLC
(A Wholly-Owned Subsidiary of Commonwealth Bank of Australia)
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June 30, 2025 | | | |-----------------------------------------------------------------------------------------------------------------------------------|---------|--| | | Page(s) | | | Report of Independent Registered Public Accounting Firm | 1 | | | | | | | Financial Statement | | | | Statement of Financial Condition
2 | | | {4}------------------------------------------------ ### Report of Independent Registered Public Accounting Firm To the Member of Commonwealth Australia Securities, LLC. {5}------------------------------------------------ # Commonwealth Australia Securities, LLC (A Wholly-Owned Subsidiary of Commonwealth Bank of Australia) Statement of Financial Condition June 30, 2025 | Assets | | | |----------------------------------------|-------|------------| | Cash and cash equivalents | | 38,750,771 | | Receivables from brokers and dealers | | 2,493,987 | | Receivables from Customers | | 410.618 | | Accounts receivable | | 347,442 | | Interest receivable | | 99,985 | | Other assets | | 19.454 | | Total assets | ക | 42,122,257 | | | | | | Liabilities and Member's Equity | | | | Liabilities : | | | | Payable to customers | | 2,493,987 | | Payable to brokers and dealers | | 410,618 | | Accrued expenses and other liabilities | | 389,236 | | Due to affiliates | | 74,989 | | Total liabilities | | 3,368,830 | | Commitments and contingencies - Note 6 | | | | Member's equity | | 38,753,427 | | | | | | Total liabilities and member's equity | સ્ત્ર | 42,122,257 | | | | | The accompanying notes are an integral part of this Statement of Financial Condition. {6}------------------------------------------------ Commonwealth Australia Securities, LLC ), is a Delaware Limited Liability Company whose sole member is the Commonwealth Bank of Australia (the The Company is a broker-dealer registered with the Securities and Exchange Commission . The Company brokers or arranges the sale of fixed income products through the Member to major U.S. institutional investors, acts as broker with respect to capital markets transactions It may also engage in a variety of other businesses customarily undertaken by broker-dealers. 2. Summary of Significant Accounting Policies This Statement of Financial Condition was prepared in conformity with accounting principles Condition. These estimates and assumptions are based on judgement and available information. Actual results could differ from these estimates. ### Basis of Presentation generally accepted in the United States of America which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Statement of Financial Cash and cash equivalents of \$38,750,771 include an unrestricted time deposit of ### Fair Value Instruments In accordance with ASC 820, Fair Value Measurement, the Company uses a three-tier fair value hierarchy to classify and disclose all financial instruments measured at fair value. For the Company, such instruments include cash and cash equivalents, receivables from and payables to brokers and dealers and receivables from and payables to customers. Cash and Cash Equivalents are considered Level 1 assets as defined in ASC 820, and all other financial instruments are considered Level 2 assets in accordance with the same rule. Cash and cash equivalents \$25,000,000 with the Member. The term is for three months ending August 29, 2025, earning interest at 4.363% per annum. This amount represents a concentration and is not an allowable asset for net capital purposes. The remaining \$13,750,771 cash is held at one major financial institution and therefore is subject to the credit risk at this financial institution. Management does not consider the Company to be at any significant risk with respect to its cash. The Company maintains a special reserve account for the exclusive benefit of customers under SEA Rule 15c3-3 and is classified under federal regulations, though the Company has not been required to utilize this account for customer funds. Segment Reporting products through the Member to major U.S. institutional investors, acting as broker with respect to capital markets transactions and arranging debt private placements. The The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including arranging the sale of fixed income Company has identified its Chief Executive Officer as the chief operating decision maker {7}------------------------------------------------ ("CODM"), who uses net income to evaluate the results of the business to manage the Company. Additionally, the CODM uses net capital, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as retaining profits in the Company or making distributions. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. Member for federal and state income tax purposes, not as a separate taxable entity. The The Company adopted ASU 2019-12, Simplifying the Accounting for Income Taxes, on July 1, 2020 using the retrospective method of adoption. Such standard gives the Company the ### Income Taxes As a single member limited liability company, the Company is treated as a division of the Company is included in the federal, state and local income tax returns filed by the Member. option to reflect any related liability at the Member level for disregarded entities. As a result -12, the Company does not reflect such related tax liability in this Statement of Financial Condition. ### Current Expected Credit Losses Under CECL , the allowance for losses for financial instruments that are measured at amortized cost reflects of credit losses over the remaining expected life of the financial assets. Expected credit losses for financial instruments held at the reporting date are based on historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount and credit losses. Expected credit losses for newly recognized financial assets, as well as changes to expected credit losses during the period, are recognized in earnings. The ASU generally results in earlier recognition of credit losses. Receivable from broker (if any); fees receivable reported as Accounts Receivable; and The Company adopted this ASU 2016-13 on July 1, 2020 using the modified retrospective method of adoption. This ASU affects trade receivables and other financial instruments that have the contractual right to receive cash such as unsettled transactions reported as receivables from the Member reported as Due from Affiliates (if any) within the Statement of Financial Condition. The Company continually monitors collections and payments from its counterparties and maintains an allowance for doubtful accounts. The allowance is based on an estimate of the amount of potential credit losses in existing receivables. The Company determines this allowance based on a review of aging schedules and past due balances, and considers the short-term nature of credit exposure, counterparty credit quality, historical experience, and current counterparty and economic conditions. There was no allowance recorded as of June 30, 2025. 3. Related Party Transactions settles fixed income transactions for the Company. Occasionally the transactions do not The Company has an agreement with the Member whereby the Member executes and settle on the designated settlement date resulting in amounts receivable from or payable to {8}------------------------------------------------ customers and broker, including the Member. At June 30, 2025, there were 7 unsettled transactions, 6 of which had settled by July 29, 2025, a partial settlement of \$233,179 remains unsettled and is expected to settle in fiscal Q1. These are reported as Receivables from customers and Payables to brokers and dealers or as Receivables from broker dealers and Payable to customers on the Statement of Financial Condition. The Company also earns fees on fixed income transactions based on allocation by the Member. As of June 30, 2025, \$9,144 was receivable from the Member for such fees, and \$200,997 was receivable from the Member for secondary fixed income transactions. The Member provides certain operating and administrative services to the Company. Such services include payroll and facility charges. The Company has employees who also perform duties for other Commonwealth Bank of Australia subsidiaries in New York. As a consequence, payroll services, occupancy and office technology costs are allocated by the Member as part of the service level agreement. Employees of the Member and its affiliates perform duties for the Company which are encompassed in the service agreement. With respect to these expenses, \$347,071 was payable to the Member at June 30, 2025. The Company shares revenue earned on private placement transactions with affiliates. No The Company shares revenue earned on underwriting transactions conducted by affiliates. With respect to these revenues, \$80,097 was receivable from the Member at June 30, 2025. With respect to this revenue \$99,985 was receivable from the Member at June 30, 2025. 4. Regulatory Requirements (Rule 15c3-1(a)(2)(i)) which requires the maintenance of minimum net capital, as defined, equal to the greater of \$250,000 or 6-2/3% of aggregate indebtedness. At June 30, 2025, amounts were due at June 30, 2025. The Company has an unrestricted time deposit of \$25,000,000 placed with the Member. The Company is subject to Securities and Exchange Commission Uniform Net Capital Rule the Company had net capital of approximately \$13,068,580, which exceeded the required net capital of \$250,000 by approximately \$12,818,580. 5. Commitments and Contingencies There are currently no asserted claims or legal proceedings against the Company. There Statement of Financial Condition. 6. Subsequent Events Financial Condition. There were no material subsequent events to report through August 21, 2025, the date this Statement of Financial Condition was ready to be issued. are no claims currently pending for which indemnification could be sought from the Company and, accordingly, the Company has not recorded any contingent liability in the The Company has evaluated subsequent events in the preparation of this Statement of Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.