New ASIC charges from 1 July 2024
Perrier Ryan • June 30, 2024
ASIC releases its new fee schedule - effective 1/7/2024
ASIC has recently notified their new schedule of fees, being:
- Late fee if document is received (lodged) within one month after the prescribed time – was $93 now $96
- Late fee if document is received (lodged) more than one month after the prescribed time was $387 now $401
- Annual review fee – was $310, now $321 – if paid before the due date (note: if ASIC received the payment on the due date, it’s considered late)
- Late fee if payment for annual review is received (by ASIC) within one month after the due date – was $93 now $96
- Late fee if payment for annual review is received (by ASIC) more than one month after the prescribed time – was $387 now $401.
When we send the annual review packs to clients, we highlight the importance of paying by the due date and our automated system is designed to send reminders to clients to assist in the management of the pay by date (ASIC deadline). Those reminders stop once the fee is paid.
All other ASIC fees have also had an increase including application for registration as an Australian company; reserving a company name; and business name renewals.
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
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Effective 7 March 2025, Perrier Ryan General Insurance portfolio was sold to Benjamin & Benjamin Insurance Group
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