Financial Markets Authority (Levies) Amendment Regulations 2017

Schedule Schedule 2 replaced

r 6

Schedule 2 Levies

r 8

Column 1Column 2Column 3Column 4Column 5
ClassDescriptionLeviable eventCollectorAmount of levy
1

Persons that, on or after 1 August 2012, apply under section 15 of the FSP Act to be a registered FSP

Making the application

Registrar of Financial Service Providers

$529
2

Registered FSPs that are registered banks or licensed NBDTs

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

If the person’s total assets—

(a)

exceed $50 billion, $615,250; or

(b)

exceed $10 billion but do not exceed $50 billion, $149,500; or

(c)

exceed $2 billion but do not exceed $10 billion, $43,700; or

(d)

exceed $1 billion but do not exceed $2 billion, $25,300; or

(e)

exceed $500 million but do not exceed $1 billion, $12,075; or

(f)

exceed $40 million but do not exceed $500 million, $8,855; or

(g)

do not exceed $40 million, $2,760

3

Registered FSPs that are licensed insurers (as defined in the Insurance (Prudential Supervision) Act 2010)

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

If the person’s annual gross premium revenue—

(a)

exceeds $500 million, $172,500; or

(b)

exceeds $100 million but does not exceed $500 million, $43,700; or

(c)

exceeds $50 million but does not exceed $100 million, $27,600; or

(d)

exceeds $10 million but does not exceed $50 million, $12,650; or

(e)

does not exceed $10 million, $2,530

4

Registered FSPs that are supervisors licensed under the FMS Act in respect of the supervision of debt securities and managed investment products in registered schemes (but see regulation 9)

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

If the person’s total supervised interests—

(a)

exceed $5 billion, $158,700; or

(b)

exceed $1 billion but do not exceed $5 billion, $87,400; or

(c)

exceed $100 million but do not exceed $1 billion, $29,900; or

(d)

do not exceed $100 million, $7,360

5

Registered FSPs that are managers (as defined in section 6(1) of the Financial Markets Conduct Act 2013) (but see regulation 9)

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

If the person’s total managed assets—

(a)

exceed $10 billion, $437,000; or

(b)

exceed $5 billion but do not exceed $10 billion, $310,500; or

(c)

exceed $2 billion but do not exceed $5 billion, $138,000; or

(d)

exceed $1 billion but do not exceed $2 billion, $92,000; or

(e)

exceed $500 million but do not exceed $1 billion, $51,750; or

(f)

exceed $100 million but do not exceed $500 million, $28,750; or

(g)

exceed $20 million but do not exceed $100 million, $7,360; or

(h)

exceed $1 but do not exceed $20 million, $1,610

6

Registered FSPs that are—

(a)

persons (other than natural persons) who undertook trading activities on licensed markets in the year ending on the date of the leviable event; or

(b)

contributory mortgage brokers (as defined in section 2(1) of the Securities Act 1978); or

(c)

persons registered for the financial service described in section 5(1)(k) of the FSP Act (other than persons included in class 6A, 6B, 6C, or 6D); or

(d)

persons licensed to provide the licensed market service of acting as a derivatives issuer (as defined in section 6(1) of the Financial Markets Conduct Act 2013); or

(e)

authorised financial advisers (as defined in section 5 of the Financial Advisers Act 2008)

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

One of the following amounts (being whichever applicable amount is the greatest):

(a)

if the person is authorised to undertake trading activities on licensed markets, $5,175:

(b)

if the person is a contributory mortgage broker, $2,070:

(c)

if the person is registered for the financial service described in section 5(1)(k) of the FSP Act, $6,095:

(d)

if the person is licensed to provide the licensed market service of acting as a derivatives issuer, $11,040:

(e)

if the person is an authorised financial adviser, $379.50

6A

Registered FSPs that are DIMS retail providers

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

If the provider’s funds under management—

(a)

exceed $2 billion, $41,400; or

(b)

exceed $500 million but do not exceed $2 billion, $16,100; or

(c)

exceed $100 million but do not exceed $500 million, $5,520; or

(d)

exceed $50 million but do not exceed $100 million, $2,760; or

(e)

do not exceed $50 million, $1,092

6B

Registered FSPs that are brokers (as defined in section 77A(1) of the Financial Advisers Act 2008) other than persons included in class 6(a) or 6C

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

$2,070
6C

Registered FSPs that are custodians (as defined in section 6(1) of the Financial Markets Conduct Act 2013) and persons providing custodial services (as defined in section 77B of the Financial Advisers Act 2008)

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

$7,245
6D

Registered FSPs that provide a crowd funding service or a peer-to-peer lending service (as those services are defined in regulation 185(1) of the Financial Markets Conduct Regulations 2014)

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

$2,990
7

Registered FSPs that are not included in any of classes 2 to 6D

Supplying an annual confirmation to the Registrar of Financial Service Providers under section 28 of the FSP Act

Registrar of Financial Service Providers

$529
8

Listed issuers (as defined in section 6(1) of the Financial Markets Conduct Act 2013)

Being issued with an annual invoice by or on behalf of the FMA in accordance with regulation 13

FMA

$2,990
9

Persons that lodge a product disclosure statement (PDS) under section 48 of the Financial Markets Conduct Act 2013

Lodging a PDS

Registrar of Financial Service Providers

$2,990 (except for a PDS for a managed fund)

$609.50 (per fund (as defined in regulation 5(1) of the Financial Markets Conduct Regulations 2014) covered by the PDS, in the case of a managed fund)

10

Licensed market operators (other than those licensed under section 317 of the Financial Markets Conduct Act 2013)

Giving a report on compliance to the FMA under section 337 of the Financial Markets Conduct Act 2013

FMA

$33,350
11

FMC reporting entity (as defined in section 6(1) of the Financial Markets Conduct Act 2013)

Lodging of financial statements (or group financial statements) and auditor’s reports under section 461H of the Financial Markets Conduct Act 2013

Registrar of Financial Service Providers

$55.20
12

Accredited bodies (as defined in section 6(1) of the Auditor Regulation Act 2011)

Making an annual confirmation under section 43 of the Auditor Regulation Act 2011

Registrar of Companies

$2,990 for each specified licence (as defined in regulation 3)

13

Overseas auditors holding a specified licence (as defined in regulation 3)

Being issued with an annual invoice by or on behalf of the FMA in accordance with regulation 13

FMA

$2,990
14

Persons that make an application for registration or incorporation under—

(a)

the Building Societies Act 1965; or

(b)

the Companies Act 1993; or

(c)

the Friendly Societies and Credit Unions Act 1982; or

(d)

the Limited Partnerships Act 2008

Making the application

The person to whom the application is made

$10.35
15

Persons that are registered or incorporated, and required to make an annual return, under—

(a)

the Building Societies Act 1965; or

(b)

the Companies Act 1993; or

(c)

the Friendly Societies and Credit Unions Act 1982; or

(d)

the Limited Partnerships Act 2008

Making the annual return

The person to whom the annual return is made

$10.35

Michael Webster,
Clerk of the Executive Council.