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.
You can submit responses to this consultation up until 21 December 2018.
Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
How to respond
Address written submissions to:
Consumer and Corporations Policy Division
PARKES ACT 2600