August 2023

Increased ASIC fees from 1 July 2023 – how do they affect you?

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.

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