The Commonwealth 2022-23 Budget contained the news that the Government will forego receipts of $64.9 million over 3 years from 2023-24 to streamline fees associated with Australia’s Business Registers as company registration and lifecycle management moves to the modernised platform (scheduled for September 2023). Budget Paper No 2 p 6.

These reforms will:
• remove the companies’ annual late review fee
• reduce the number of fees paid for ad hoc lodgements under current requirements
• remove fees for searches conducted on the new registry website.

Background on Australian Business Registers changes

If you found this article helpful, then subscribe to our news emails to keep up to date and look at our video courses for in-depth training. Use the search box at the top right of this page or the categories list on the right hand side of this page to check for other articles on the same or related matters.

David Jacobson

Author: David Jacobson
Principal, Bright Corporate Law
Email: djacobson@brightlaw.com.au
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.

The post Company fees to be removed appeared first on Bright Law.