The fees ob体育 charges for specific regulatory activities have changed to reflect the actual cost to ob体育 associated with the work. In most cases this has resulted in a fee increase.
The Government passed required legislation on 28 June 2018. New pricing is effective 4 July 2018.
ob体育's 鈥榝ees for service鈥� impact a range of industry stakeholders including Australian credit licensees, Australian financial services (AFS) licensees, market infrastructure providers, responsible entities, registered liquidators, and companies. The fees 鈥� some of which are tiered - apply to specific regulatory activities requested by a single entity including:
- licensing and professional registrations銆�
- processing applications for relief銆�
- requests for changes to market operating rules, and銆�
- ob体育鈥檚 formal compliance review of documents lodged under the Corporations Act.
The previous fees for these activities did not reflect their actual cost to ob体育 and the Government undertook several rounds of consultation with industry to get feedback on the changes.
Fees for service: part of industry funding銆�
New industry funding laws that changed the way ob体育 was funded took effect on 1 July 2017. While around 90% of ob体育鈥檚 regulatory activities will聽now be recovered in the form of industry funding levies, the remaining 10% will be recovered via fees for service. ob体育鈥檚 Cost Recovery Implementation Statement (CRIS) - Fees for service, provides information about how ob体育 will implement fees for service under industry funding.銆赌
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