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New fees and levies from 1 July 2017
Last year, the Government approved changes to some Companies Office fees, along with changes to levies to fund the Financial Markets Authority (FMA). The last time these fees and levies were amended was on 1 August 2012.
New Financial Service Providers Register (FSPR) fees and levies apply from 1 July 2017. These changes:
- better reflect the cost of providing our services
- provide adequate funding for the FMA to undertake its functions
- affect fees and levies for the FSPR.
Some of the changes to fees and levies in the Financial Service Providers (FSP) Register are as follows:
| Service | Companies Office fee (excl GST) | GST | Total incl GST |
|---|---|---|---|
FSP registration — (existing) | $311.11 | $46.67 | $357.78 |
FSP registration — (from 1 July) | $300.00 | $45.00 | $345.00 |
FSP renewal — (existing) | $53.33 | $8.00 | $61.33 |
FSP renewal — (from 1 July) | $75.00 | $11.25 | $86.25 |
Notes
FMA levies are also payable depending on the types of financial services provided.
The FMA levies have been increased to help fund the FMA to maintain a well-regulated business environment for New Zealanders. The FMA was established in 2011 and is New Zealand’s primary financial markets regulator. Since then, its regulatory responsibilities have significantly expanded, largely due to the overhaul of New Zealand’s securities law.
- You can view the new FMA levies on MBIE’s website [PDF 93KB].
Please contact us if you have any questions about these fee changes.
