Fees for Australian credit licences and annual compliance certificates

This information sheet (INFO 108) is for Australian credit licensees. It provides information about the fees you will pay under the ASIC industry funding model for:

  • an annual compliance certificate, or
  • an Australian credit licence application or variation.

Fees for service under the ASIC industry funding model commenced on 4 July 2018.

Annual compliance certificates

Under section 53(1) of the National Consumer Credit Protection Act 2009 (National Credit Act), licensees must lodge an annual compliance certificate. This must be lodged each year no later than 45 days after your licensing anniversary.

After 4 July 2018 you no longer need to pay a fee when you lodge your annual compliance certificate. However, fees will apply if your application is late or if you do not lodge it electronically.

Australian credit licence applications and variations

Australian credit licence applications and variations can vary widely in their complexity. We have adopted tiered fees designed to reflect the complexity of the application. This will ensure that regulated entities pay an appropriate fee for the service we provide and allow ASIC to recover the actual cost of the time we spend on the application.

For information about how we calculate these fees, refer to the Cost Recovery Implementation Statement: Fees for service under the ASIC industry funding model.

Table 1 sets out the schedule of our tiered lodgement fees for service for credit licence applications under section 36(1) of the National Credit Act.

Table 1: Australian credit licence application fees

Applicant type

Authorisation

Fee ($)

Individual

Other than credit provider

1,798

Individual

Credit provider

3,468

Other than an individual

Other than credit provider

2,055

Other than an individual

Credit provider

4,624

Table 2 sets out the schedule of our lodgement fees for service for varying the authorisations or other conditions of your credit licence under section 45(2)(b) of the National Credit Act.

Table 2: Application fees for varying authorisations or conditions of an Australian credit licence

Applicant type

Authorisation

Fee ($)

Individual

Credit provider

2,183

Individual

Other than a credit provider

1,156

Other than an individual

Credit provider

2,826

Other than an individual

Other than a credit provider

1,284

Where can I get more information?

  • Read Regulatory Guide 204 Applying for and varying a credit licence
  • Go to our credit webpage for the latest information on credit and to download copies of the regulatory guides
  • Go to MoneySmart for credit information and resources for consumers
  • Call the ASIC Infoline 1300 300 630
  • Make an online enquiry

Important notice

Please note that this information sheet is a summary giving you basic information about a particular topic. It does not cover the whole of the relevant law regarding that topic, and it is not a substitute for professional advice.

You should also note that because this information sheet avoids legal language wherever possible, it might include some generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases, your particular circumstances must be taken into account when determining how the law applies to you.

This is Information Sheet 108 (INFO 108), reissued in July 2018. Information sheets provide concise guidance on a specific process or compliance issue or an overview of detailed guidance.

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Last updated: 20/10/2014 12:00