AFA levies and fees
July 31, 2012
If you want to check you've budgeted correctly for all your fees and levies then you can look at the information on these two source pages:
- Companies office website - link
- Legislation website - Financial Markets Authority (Levies) Regulations 2012- link
We have a calculation tool, and here is a simple example of a renewal for one AFA in a limited company structure (below). The only difference between old and new is a reduction in FMA levies, of about $1,000 a year.
UPDATED TABLE BELOW
* The AFA renewal fee is one fifth of the cost, assuming that AFA's will only need to renew every five years (or good ones will, anyway :-)
# Criminal history checks could be required at any time, but are usually only at application.
Type of fee or levy | Old Cost ($) | New Cost ($) |
FSP renewal fee | $ 122.66 | $ 122.66 |
AFA renewal fee* | $ 114.49 | $ 114.49 |
Criminal history check # | $ - | $ - |
Reserve Dispute Resolution Scheme administration levy | $ 30.67 | $ 30.67 |
FMA levies (AFA and entity) | $1,820.00 | $ 750.00 |
AFA education & assessment costs - CPD | $ 763.75 | $ 763.75 |
Other education & assessment costs | $ - | $ - |
Dispute resolution body annual fee | $ 1,030.00 | $ 1,030.00 |
Total | $ 3,881.57 | $ 2 ,811.57 |