Every year, the regulatory body ASIC raises its fees to align with the Consumer Price Index (CPI) and in 2023 that increase was to the tune of 5.1%. So, how does this impact you as a business owner?
You’ll be required to pay 5.1% more than the previous fiscal year for various fees, including but not limited to:
- Annual review fee for a proprietary company – $310
- 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
- Business name registration or renewal for one year – $42
- Business name registration or renewal for three years – $98
You can find a comprehensive list of the most recent fees on the ASIC website here. You can also contact us if you need help.
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