Schedule of fees and levies

What you need to pay and when

Fees are payable for some transactions on the Financial Service Providers Register (FSPR), and we also collect levies on behalf of the Financial Markets Authority (FMA). Financial service providers must pay fees to the Companies Office (including FMA levies) when they register, and when they complete their annual confirmations.

Paying fees and levies

All fees and levies are in New Zealand dollars (NZD). You can pay in a number of ways.

Managing payments on the FSPR

Financial Markets Authority levies

All levies are listed in Schedule 2 of the Financial Markets Authority (Levies) Regulations 2012. These regulations were amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020.

The information includes:

  • the types or classes of service provider — your class determines the levy you pay
  • the levies that apply to each class
  • which government agency collects the levies.

Refer to the legislation

Registration fees

The registration fees and levies shown below came into effect on 1 July 2021.

Service Total
excl GST		 Total
incl GST
Application fee $300 $345
Criminal history check fee (per person) $35 $40.25
FMA levy $500 $575

Registering a financial service provider

Annual confirmation — Companies Office fee

The annual confirmation fee is $75 (plus GST).

Filing an annual confirmation

Annual confirmation — FMA levies

All registered financial service providers (FSPs) must pay FMA levies when they file their annual confirmations. The levies you pay depend on the services you provide. 

If you belong to more than one class, you must pay the levy for each class.

Some exemptions apply. In some classes, one member of a group of companies pays the levy for that class on behalf of the whole group. Check the notes to each class to find out where exemptions or group provisions apply.

Registered banks and non-bank deposit takers (NBDTs)

Definition of registered banks and non-bank deposit takers comes under Class 2 of the Financial Markets Authority (Levies) Regulations 2012 .

Related help guides

The amount you pay depends on the total assets of your bank or NBDT.

Total assets FMA levy
excl GST		 FMA levy
incl GST
Exceed $50 billion $950,000 $1,092,500
Exceed $10 billion but not $50 billion $290,000 $333,500
Exceed $2 billion but not $10 billion $80,000 $92,000
Exceed $1 billion but not $2 billion $39,000 $44,850
Exceed $500 million but not $1 billion $14,400 $16,560
Exceed $40 million but not $500 million $8,800 $10,120
Not more than $40 million $2,600 $2,990

Licensed insurers

Definition of licensed insurers comes under Class 3 of the Financial Markets Authority (Levies) Regulations 2012 .

The amount you pay depends on your annual gross revenue from premiums (GPR).

Annual GPR FMA levy
excl GST		 FMA levy
incl GST
Exceed $1 billion $400,000 $460,000
Exceed $500 million but not $1 billion $310,000 $356,500
Exceed $250 million but not $500 million $106,000 $121,900
Exceed $100 million but not $250 million $79,000 $90,850
Exceed $50 million but not $100 million $43,000 $49,450
Exceed $10 million but not $50 million $17,000 $19,550
Not more than $10 million $4,375 $4,945

Licensed supervisors

Definition of licensed supervisors — that is, supervisors of debt securities and managed investment products — comes under Class 4 of the Financial Markets Authority (Levies) Regulations 2012 .

The amount you pay depends on the value of your total supervised interests.

Total supervised interests FMA levy
excl GST		 FMA levy
incl GST
Exceed $5 billion $220,000 $253,000
Exceed $1 billion but not $5 billion $100,000 $115,000
Exceed $100 million but not $1 billion $36,000 $41,400
Not more than $100 million $10,300 $11,845

Managers of Managed Investment Schemes (MIS)

Definition of managers of Managed Investment Schemes comes under Class 5 of the Financial Markets Authority (Levies) Regulations 2012 .

The amount you pay depends on the value of the assets you manage.

Total managed assets FMA levy
excl GST		 FMA levy
incl GST
Exceed $15 billion $550,000 $632,500
Exceed $10 billion but not $15 billion $470,000 $540,500
Exceed $5 billion but not $10 billion $333,000 $382,950
Exceed $2 billion but not $5 billion $170,000 $195,500
Exceed $1 billion but not $2 billion $108,000 $124,200
Exceed $500 million but not $1 billion $62,000 $71,300
Exceed $250 million but not $500 million $37,000 $42,550
Exceed $100 million but not $250 million $27,000 $31,050
Exceed $20 million but not $100 million $7,400 $8,510
Do not exceed $20 million $1,800 $2,070

Providers of other financial services

The regulations describe under Class 6 who must pay FMA levies and the services they pay for.

When you pay your levy, select all the options that apply to your services. You pay only for the service that attracts the highest levy.

Financial service FMA levy
excl GST		 FMA levy
incl GST
Entities that undertake trading activities on licensed markets $6,900 $7,935
Contributory mortgage brokers $2,900 $3,335
Persons registered for the financial service on behalf of other people
(other than people included in class 6A, 6B, 6C or 6D)		 $8,600 $9,890
Derivatives issuers $15,000 $17,250

If you're unsure which services apply to your FSP, check the regulations .

Discretionary Investment Management Services (DIMS)

Definition of DIMS retail providers comes under Class 6A of the Financial Markets Authority (Levies) Regulations 2012 .

The amount you pay depends on the value of the funds you manage.

Funds under management FMA levy
excl GST		 FMA levy
incl GST
Exceed $2 billion $75,000 $86,250
Exceed $1 billion but not $2 billion $35,000 $40,250
Exceed $500 million but not $1 billion $26,000 $29,900
Exceed $250 million but not $500 million $14,100 $16,215
Exceed $100 million but not $250 million $9,800 $11,270
Exceed $50 million but not $100 million $5,400 $6,210
Exceed $20 million but not $50 million $3,300 $3,795
Not more than $50 million $1,900 $2,185

Providers of regulated client money or property services

Definition of providers of regulated client money or property services comes under Class 6B of the Financial Markets Authority (Levies) Regulations 2012 .

Financial service
FMA levy
excl GST		 FMA levy
incl GST
Providers of regulated client money or property services $3,000 $3,450

Custodians

Definition of custodians and persons providing custodial services comes under Class 6C of the Financial Markets Authority (Levies) Regulations 2012 .

 Financial service
 FMA levy
excl GST		 FMA levy
incl GST
Persons who act as custodians for authorised financial advisers $9,900 $11,385

Crowd-funding services and peer-to-peer lending services

Definition of crowd-funding and peer-to-peer lending services comes under Class 6D of the Financial Markets Authority (Levies) Regulations 2012 .

Financial service
FMA levy
excl GST		 FMA levy
incl GST
Persons who provide crowd-funding or peer-to-peer lending services $3,020 $3,473

Administrator of financial benchmarks

The definition of this service comes under Class 6E of the Financial Markets Authority (Levies) Regulations 2012 (as amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020). 

Financial service
FMA levy
excl GST		 FMA levy
incl GST
Administrators of financial benchmarks $18,500 $21,275

Authorised bodies

Definition of registered FSPs that are authorised bodies comes under Class 6F of the Financial Markets Authority (Levies) Regulations 2012 (as amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020).

Financial service
FMA levy
excl GST		 FMA levy
incl GST
Authorised bodies $760 $874 for each financial service

Financial advisers (FAs)

Definition of financial advisers comes under Class 6G of the Financial Markets Authority (Levies) Regulations 2012 (as amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020).

Financial service
FMA levy
excl GST		 FMA levy
incl GST
Financial advisers $340 $391

Financial advice providers (FAPs)

Definition of financial advice providers comes under Class 6H of the Financial Markets Authority (Levies) Regulations 2012 (as amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020).

The amount you pay also depends on the number of nominated representatives you have directly under you, or an authorised body operating under your licence.

Financial service
FMA levy
excl GST		 FMA levy
incl GST
Licensed financial advice providers in their own right and/or paying for nominated representatives: $280, plus $322, plus
  a. for each nominated representative, nominated under section 431T of the FMC Act by the licensed financial advice provider; and

$240

 $276
  b. for each nominated representative, nominated under section 431T of the FMC Act by an authorised body to give financial advice

$240

 $276
  c. for each licensed financial advice provider who gives regulated financial advice on  own account under section 431D(1)(b) of the FMC Act

$980

 $1,127

If the financial service you're registered for is not listed

If your FSP doesn't belong to any of the classes from 2 to 6H listed above, then you come under Class 7 of the Financial Markets Authority (Levies) Regulations 2012 .

  FMA levy
excl GST		 FMA levy
incl GST
Providers of financial services who are not included in any of classes 2 to 6H $560 $644

All help topics

Getting started on the register 6 guides

Before you can register as a financial service provider, maintain your details, or use the register, there are a few things you need to know.

Registering a financial service provider (FSP) 9 guides

To register as a financial service provider you must apply online. The process depends on what kind of provider you are — an individual or an entity.

Dispute resolution schemes (DRSs) 2 guides

If you provide financial services to retail clients, you must join a DRS within 10 working days of registering and keep your membership details up to date on the Financial Service Providers Register (FSPR).

Providing licensed or certified services 6 guides

You need to be licensed or certified to provide certain financial services. Find out who to apply to.

Filing an annual confirmation 3 guides

To remain registered as a financial service provider (FSP) you must confirm your FSP's details and services each year. Find out how to file your confirmation online, or to change the month you do it

Managing your registration as a financial service provider (FSP) 6 guides

All FSPs must keep their details on the register up to date. We may deregister your FSP if you fail to meet your obligations.

Deregistration and reregistration 3 guides

You can voluntarily deregister a financial service provider (FSP), or it may be deregistered by the Registrar. In some circumstances you can object to a deregistration, or apply to have the FSP reregistered.

Paying fees and levies 3 guides

If you're a financial service provider (FSP), you pay fees for some transactions, including registration. You also pay levies to the Financial Markets Authority (FMA). There are several ways to pay.

Managing your online services account 6 guides

Your FSPR online services account allows you to keep your FSP's contact and payment details up to date. From your account dashboard you can view and manage outstanding applications and tasks.