ASIC Fee Increases from 1 July 2019
10 June 2019
ASIC has announced fee increases for many of its services, applications and lodgements effective from Monday 1 July 2019.
The fee increases are part of the usual annual indexation of ASIC Fees. All ASIC fees are GST exempt.
It should be noted that when using a third-party service provider, they may charge additional service fees on top of the ASIC fee.
Company Fees
| Fee | Increase | New Fee |
|---|---|---|
| Registration for companies limited by shares (eg standard proprietary company) | $7 | $495 |
| Registration for companies without share capital (eg a public company limited by guarantee) | $5 | $408 |
| Annual Review for proprietary companies (excluding special purpose companies) | $4 | $267 |
| Annual Review for public companies (excluding special purpose companies) | $16 | $1,240 |
| Application to reserve a company name or extend company name reservation | $1 | $50 |
| Application for change of company name | $5 | $408 |
| Application for change of company type (eg public to proprietary, or vice versa) | $1 | $80 |
| Voluntary Deregistration | $1 | $41 |
| Late lodgement fee (less than 1 month late) | $1 | $80 |
| Late lodgement fee (more than 1 month late) | $4 | $333 |
Existing transactions that are fee-free (eg on-time lodgement of share transactions) continue to remain free.
Business Name Fees
| Fee | Increase | New Fee |
|---|---|---|
| Apply to register or renew a business name for 1 year | No change | $36 |
| Apply to register or renew a business name for 3 years | $1 | $85 |
More Information
The above lists are not comprehensive, and other fees may apply to some services. For a full list of fees see ASIC's Fee Information Sheet.
Xuveo Legal can provide assistance with preparation and lodgement of ASIC documents and forms, including company registration and business name registration. Contact us for more information.
This post is intended for general information only and is not intended to constitute legal advice. You should obtain appropriate professional advice for your circumstances or contact us for further assistance.
Related Posts
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- 25 Jan 2019Business names are registered with ASIC and are a common necessity for establishing a business’ identity. This post explains when you need to register a business name, and what other issues you may need to consider.
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