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New fees and levies from 1 July 2017

— filed under:
19 May 2017

Last year, the Government approved changes to some Companies Office fees, along with changes to levies to fund the Financial Markets Authority (FMA). The last time these fees and levies were amended was on 1 August 2012.

New regulations are being developed now. Once these are in place, the new fees and levies will be effective from 1 July 2017. These changes will:

  • better reflect the cost of providing our services
  • provide adequate funding for the FMA to undertake its functions
  • affect fees and levies for the Companies Register, the Financial Service Providers Register, and the Personal Property Securities Register.

 

Some of the changes to fees and levies in the Financial Service Providers (FSP) Register are as follows: 

Service Companies
Office fee (excl GST)
GST Total
incl GST

FSP registration — (existing)

$311.11

$46.67

$357.78

FSP registration — (from 1 July)

$300.00

$45.00

$345.00

FSP renewal — (existing)

$53.33

$8.00

$61.33

FSP renewal — (from 1 July)

$75.00

$11.25

$86.25

 

Notes

FMA levies are also payable depending on the types of financial services provided.

The FMA levies have been increased to help fund the FMA to maintain a well-regulated business environment for New Zealanders. The FMA was established in 2011 and is New Zealand’s primary financial markets regulator. Since then, its regulatory responsibilities have significantly expanded, largely due to the overhaul of New Zealand’s securities law.

 

Please contact us if you have any questions about these fee changes.

 

 

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