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
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Author: David Jacobson
Principal, Bright Corporate Law
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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.
