New ASIC fees model

By David Jacobson Treasury has published a Consultation Paper on ASIC’s regulatory fees-for-service model that will apply from 1 July 2018.
The fees relate to ASIC regulatory costs that are directly attributable to a single, identifiable, entity. Examples of activities that will be charged through a regulatory fee include licences, registrations and approvals.
The fee will be additional to the new annual regulatory levies for an industry sector or subsector.
Under fees-for-service model for ASIC’s regulatory activities for individual entities, ASIC will charge a fee for:
• licensing application or variations services;
• application for registration services;
• requests for changes to market integrity rules or procedures;
• the processing …read more

Source:: Bright Law

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