We are here to provide clarity and simplicity when it comers to understanding the increase of ASIC fees. There has been an increase with Consumer Price Index (CPI), ASIC increases its fees each year from 1 July.
Below is a list of fees for some of our most frequent types of lodgements.
Please note, GST does not apply to ASIC fees.
What Are ASIC Fees?
ASIC fees are charges imposed by the Australian Securities and Investments Commission for various financial transactions and services. These fees apply to activities such as company and business name registrations. It’s essential to be aware of these fees as they can impact your financial decisions.
Company fees
| Reserving a company name | $59 |
| Late payment fee for up to one month late | $93 |
| Late payment fee for more than one month late | $387 |
| Application for voluntary deregistration of a company | $47 |
| Annual review fee for a proprietary company | $310 |
Business name fees
| Registration or renewal for one year | $42 |
| Registration or renewal for three years | $98 |
Finding an expert eye
At Financially Sorted, our mission is to provide you with expert guidance and comprehensive services that lead to a positive experience. Our team of financial experts is here to assist you in navigating the ASIC fee changes and other financial challenges you may encounter.
In conclusion, understanding ASIC fees and staying informed about the recent increase is crucial for businesses and individuals to make financially sound decisions. By following the tips and insights provided in this article and seeking our professional assistance, you can navigate the evolving financial landscape and ensure your journey remains positively sorted. Remember, with the right knowledge and support, you can overcome challenges and achieve your financial aspirations.
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