ASIC fee increase for 2023/24

ASIC fees are indexed each year in line with the Consumer Price Index (CPI) for the previous March quarter.

From 1st July 2023, ASIC have increased their fees for some of their forms. Please see below for the following charges:

Fee TypeFee from 1 July 2022Fee from 1 July 2023
Annual review fee (for most companies)$290$310
Annual review fee for super fund trustees*$59$63
Application for voluntary deregistration$44$47
Business name registration/renewal for 1 year$39$42
Business name registration/renewal for 3 years$92$98
Change of company name$443$474
Company incorporation fee$538$576
First late fee (up to one month)$87$93
Second late fee (more than one month)$362$387

ASIC fees are not subject to GST.

* Please note that this only applies to companies that meet the definition of a special purpose company as defined in paragraph (f) of the definition of special purpose company in Regulation 3 of the Corporations (Review Fees) Regulations 2003, including that the constitution prohibits distribution of the company’s income or property to its members and that the sole purpose of the company is to act as the trustee of a regulated superannuation fund within the meaning of section 19 of the Superannuation Industry (Supervision) Act 1993. If you have been paying the proprietary company fee and think this scenario may be applicable to your company please contact our office.

For more information please visit the ASIC website

As always should you have any corporate secretarial requirements please feel free to contact Marie Lettieri-Passarelli on 9098 4228 or email her on marielp@dfkbkm.com.au

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