The Government is modernising business registers to support businesses in an evolving digital economy. In July 2018, the Government released a discussion paper on modernising business registers, which included consideration of whether to apply the Government’s Charging Framework for the use of IT infrastructure to sustainably fund the registry infrastructure into the future - see the MBR program. Following the feedback received as part of that consultation process, we are inviting stakeholder views on the role of registry fees more broadly in a modernised registry system.
This consultation will inform the Government’s consideration of whether changes should be made to registry fees in a modernised registry system to ensure they are simpler, easier to understand and more equitable.
ASIC currently collects a range of fees through the operation of the ASIC Registers. Fees are a necessary component of the registry system. The modernising business registers program provides a timely opportunity to review both the quantum and nature of these fees, and to ensure the business registers are funded sustainably into the future.
The Government has not made a decision on the final fee package for registry information and use.
ASIC regulatory fees, including the Industry Funding Model introduced in July last year, are not in scope for this review. Director Identification Numbers and Australian Business Numbers are not in scope for this review.
The discussion paper provides more information and a list of questions that may assist you to make a submission.
As context, the fees consultation is a subset of the consultation for the MBR program.