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New Companies Office fees from 1 July 2017 – rnzngin Fifth Estate

By   /  April 21, 2017  /  Comments Off on New Companies Office fees from 1 July 2017 – rnzngin Fifth Estate

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MIL OSI

Source: Companies Office – Press Release/Statement:

Headline: New Companies Office fees 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) and External Reporting Board (XRB). The last time these fees and levies were amended was on 1 August 2012.

New regulations are being developed now. Once these are in place, we’ll introduce the new fees and levies from 1 July 2017. These changes will:

  • better reflect the cost of providing our services
  • provide adequate funding for the FMA and XRB to undertake their functions
  • affect fees and levies for the Companies Register, the Financial Service Providers Register, and the Personal Property Securities Register.

Some of the changes to fees and levies in the Companies Register are as follows:

Service Companies
Office fee
FMA levy XRB levy Total
excl GST
GST Total
incl GST

Company name reservation (existing)

$8.89

N/A

N/A

$8.89

$1.33

$10.22

Company name reservation (from 1 July)

$10.00

N/A

N/A

$10.00

$1.50

$11.50

Company incorporation (existing)

$113.04

$8.70

$8.70

$130.44

$19.56

$150.00

Company incorporation (from 1 July)

$90.00

$9.00

$6.00

$105.00

$15.75

$120.75

Company annual return (existing)

$21.74

$8.70

$8.70

$39.14

$5.86

$45.00

Company annual return (from 1 July)

$21.00

$9.00

$6.00

$36.00

$5.40

$41.40

Note | 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.

More information will be available shortly on our website and the FMA website.

Please contact us if you have any questions about these fee changes.

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