Source: Companies Office – Press Release/Statement:
Headline: Government plans new charging model for Companies Office registers
The Bill will introduce a new, consolidated charging model for Companies Office registers.
The aim of the new charging model is not to increase the total amount people would need to pay for Companies Office registry services. It is to make the best use of the money we collect from users of our registers and provide more information about what the money is being used for. The new model will reflect the realities of running corporate and business registries in today’s world. It will also help achieve value for money in our registry functions.
The Bill will allow us to collect levies from Companies Office users to help fund our registry system of 16 different registers. We will still charge fees for specific activities on registers, like filing an annual return.
The new fees and levies are likely to come into effect in late 2023 or early 2024.
There will be opportunities for public submissions
The Bill will be before a Select Committee later this year, during which time the public will be able to make submissions.
The new fees and levies will be determined after a public consultation. The Companies Office will provide more information on this consultation next year, including how you can have your say.
What will happen next
We will publish more information including a link to the Bill once it has been introduced to Parliament.
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