Each year in line with the Consumer Price Index (CPI) for the March quarter, ASIC increases their company fees effective from 1 July.
Below is the indexed change in the company incorporation fees:
|Company Fees||Current Fee||From
1 July 2019
|Application for registration as an Australian Company (proprietary company that has share capital)||$488||$495|
Please note that GST does not apply to ASIC fees.
Fee change to available company documents
For members using our Create packages, the fee for a company incorporation and a special purpose company incorporation will increase from $521 to $538 when completing your order.
For users who purchase these documents on a PAYG basis, the fee changes from 1 July are as follows:
- Company incorporation – $641
- Special Purpose Company incorporation – $696
Annual Review Fees
From 1 July 2019, the annual review fee for an existing company upon the anniversary of their incorporation (or date of registration) is as follows:
|Company Registered As||Current Fee||From
1 July 2019
|A proprietary company (except a special purpose
|A special purpose company (proprietary)*||$53||$54|
10 years paid upfront
An option available with the ASIC annual review fees is to pay these upfront for a period of 10 years. For a SMSF, this provides an opportunity to save significantly on the annual fee that is attributable to a special purpose company that acts solely as trustee of the fund.
From 1 July 2019, the 10 year review fee increases to $375 (up from $370), providing a saving of more than 30%, based upon the current annual fee of $54. With CPI increases in the annual fee each year, this discount with amount to much more than that in 10 years time!
You can review ASIC’s Information Sheet 30 to find out more about all of the fee changes from 1 July 2019.