Summary
Part of a package of four bills to enable the recovery of the Australian Securities and Investments Commission’s (ASIC) costs for specific regulatory activities, the bill amends the
Corporations (Fees) Act 2001
to: increase the caps on fees for chargeable matters; expand the definition of chargeable matter and prescribe who is liable to pay and when the liability is incurred; provide that the fees regulations may prescribe different fees for chargeable matters based on the complexity and the type of entity; enable ASIC to determine by legislative instrument the criteria and complexity of particular regulatory services; and enable the making of regulations.