Corporations Point-in-Time Service Updates

The Corporations Service has been updated to include the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025 (Cth) and the Treasury Laws Amendment (Time-Limiting Exemptions) Regulations 2025 (Cth).

Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025

The purpose of the Regulations is to amend the Corporations (Review Fees) Regulations 2003 (Cth) (the Principal Regulations) to ensure the correct amount of late fees, 10-year upfront fees and certain annual fees for special purpose companies are charged by the Australian Securities and Investments Commission (ASIC). The amendments ensure that ASIC is authorised to collect the amount of review fees consistent with the intended policy outcome. This overcomes an inconsistency that otherwise arises between the Principal Regulations and the policy intent.

Treasury Laws Amendment (Time-Limiting Exemptions) Regulations 2025

The purpose of the Regulations is to time-limit certain exemptions relating to the financial sector. These exemptions are contained in the Corporations Regulations 2001 (Cth) and the National Consumer Credit Protection Regulations 2010 (Cth), which are exempt from sunsetting in accordance with the Legislation Act 2003 (Cth). Time-limiting the exemptions will ensure that there is parliamentary scrutiny of any decision to extend the operation of those exemptions.

These amendments have been updated in the Point-in-Time Corporations Service current to 13 March 2025. (NB: subscription required).

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