ASIC fee increases 2025
Perrier Ryan • June 29, 2025
2025 ASIC fee increases come into effect 1 July 2025; DPN penalty units increase - this impacts penalties relating to Director IDs.
1 July 2025 sees the ASIC company fees increase, but we also draw your attention to the increase of the Director Penalty Unit value.
As always, the ASIC Annual Review fee has increased - was $321, now $329; late payment fees have also increased.
Penalties relating to Director IDs
Our Corporate Compliance team is currently reminding clients to send us your Director ID number if we don't have it on record. We are doing this because ASIC states:
It is an offence if you:
- do not apply for a director ID on time
- do not have a director ID when you should
- apply for more than one director ID or
- misrepresent your director ID.
Serious penalties may apply, including fines and imprisonment.
The penalties are described in ‘penalty units’. The unit value changes over time.
Please note that a penalty unit is $330, so, failure to have a Director ID could result in a penalty totalling $19,800.
Market implications for Middle East Risks
The rush toward end of financial year is on us - here are a couple of important things to consider at this time: Maximise your Super One key opportunity in your superannuation strategy is to make the most of your Concessional Contributions - but get them in before 23 June 2025 to ensure they're processed in time. Another valuable opportunity is the carry-forward contributions - remembering that unused cap amounts from the 2019-2020 FY will expire after 30 June 2025 - so this is your last chance to use them. Take Advantage of the $20,000 instant asset write-off before 30 June 2025 If you're a small business owner, now is the time to consider investing in new equipment or assets. The $20,000 instant asset write-off has been extended for the 2024–25 financial year — but it expires on 30 June 2025 and there is currently no confirmed extension beyond this date. This applies to assets that are first used or installed ready for use between 1 July 2024 and 30 June 2025. For more, see our attached information , or, call the office - 3391 7566
Calculating WFH Deductions - a summary
Did you know about the Scan function in Notes on your iPhone?
If ever you need to recover your Director ID number, here are some instructions to assist with that
Effective 7 March 2025, Perrier Ryan General Insurance portfolio was sold to Benjamin & Benjamin Insurance Group
