For a long time, the Australian Securities and Investments Commission (ASIC) has said that the balance at which it became cost effective for SMSFs was $500,000. Tournament Details. the Superannuation Auditor Registration Imposition Regulation 2012. This information sheet summarises the statutory fees payable for the most commonly lodged documents. Any other statement in column 2 has effect according to its terms. Industry funding laws that changed the way ASIC was funded took effect on 1 July 2017. The amount saved is greater as ASIC fees are indexed each 1 July and a prepayment . ASIC fees. Step 4. 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 . Lodging prospectuses and other disclosure documents. ASIC has released their annual fees for commonly lodged documents that will apply from 1 July 2016. 4. 
The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment. Lodging prospectuses and other disclosure documents. It does not cover the whole of the relevant law and is not a substitute for professional advice. Company Registration Faqs Need more info? ASIC FORMS: ASIC Forms. Our group of businesses & links include the following companies (& our websites);-. asic fees 2018. For most companies and schemes, their annual review date is the anniversary of their date of registration or incorporation. The list contains fees for most commonly lodge forms, including late fees. Download ASIC's fees-for-service schedule. ASIC has said it will use a range of criteria to decide if a fee arrangement would be classified as "ongoing", such as whether the agreement is limited to a fixed-term period of 12 months or less, whether a licensee has systems in place to turn fees off at the end of the fixed-term period, and whether there is an understanding between the adviser In March 2018, Paul Chan Mo-po announced HK$40 billion funding for the science park, including HK$20 billion for building in the Lok Ma Chau Loop the first phase of the Hong Kong-Shenzhen Innovation and Technology Park, owned by HKSTP; and HK$10 billion allocated to the park for supporting its tenants and building infrastructure and facilities. 29 June 2018 (F2018L00965) Sch 1 (items 1-22): 4 July 2018 (s 2(1) item 2) . ASIC Company Fees from 1 July 2022 to 30 June 2023. The report is made up of two tables. Notices of AGM - be aware of increases in ASIC fees Corporate News - 21 September 2018 On and from 4 July 2018, ASIC moved to a 'user-pays' model, which has resulted in an increase in the fees payable for lodgement of certain documents and applications with ASIC. Bottrell Business Consultants are a Multi Award Winning Firm, We have 2016 Traineeships available work 3 days Study part-time 2 days, Apply now to Tara Skippen on tara@bottrellaccounting.com.au send resume & cover letter, www.bottrellaccounting.com.au or check us out on Facebook, Twitter, Instagram or LinkedIn, Offices East Maitland | Newcastle | Sydney | Melbourne | Brisbane | Gold Coast. Our powerful platform is used by accountants, lawyers and wealth advisers to mitigate legal risk, unlock revenue opportunities and drive higher value client relationships. This Act is the Corporations (Fees) Amendment (ASIC Fees) Act 2018. When can you raise funds without a disclosure document? We also charge fees for some of our search products. . Information sheets provide concise guidance on a specific process or compliance issue or an overview of detailed guidance. Oct 2016 - Sep 20215 years. Acis is one of Australia's largest providers of business and investment structures and restructures. As such, from 1 July 2017 a new fee index will apply to company lodgement documents. Consultation on the exposure draft legislation to implement fees for service under ASIC industry funding closed on 1 May 2018. The Government released exposure draft legislation on the second phase of industry fundingthe introduction of fees for serviceon 11 April 2018. Key Takeaways Please note also that because this information sheet avoids legal language wherever possible there may be some generalisations about the application of the law. The Governments industry funding arrangements allow us to recover most of our regulatory costs from the industries we regulate. When can you raise funds without a disclosure document? Often, these scams might look like a legitimate invoice or come from an organisation with an official-sounding name. About Our Traineeships:- Currently, the fees associated with these activities do not reflect the costs to ASIC of undertaking these activities. (5) However, if no such determination is in operation, the fee for a chargeable matter is the fee prescribed by the regulations for the chargeable matter of low complexity. Now you're presented with the estimated gas fees of your transaction, which you can also adjust. We also charge fees for some of our search products. Each month, the US Bureau of Labor Statistics publishes the index. Changes to Company Details (Form 484) such as changes to shareholders, officeholders and company addresses must be notified to ASIC witin 28 days. The fees apply to specific regulatory activities requested by a single entity. Your company's annual review usually takes place on the same date that your company was registered. Noumi, which has processing plants in Sydney . We publish ASIC's regulatory costs as part of the annual cost recovery implementation statement (CRIS). These codes are typically produced by an algorithm; the Google Authenticator app produces its codes using the Time-Based One Time Password Algorithm, or TOTP. Some provisions of the law referred to have exceptions or important qualifications. The Government passed the required legislation on 28 June 2018, with new pricing effective as of 4 July 2018. The primary aim of this blog is to quickly summarise ASIC fee changes as of July 2017. . Office holders residential address/members addresses. Shortly after this date, we issue an annual statement and aninvoice. Fee as of 1 July 2021. For example, registering a new business name currently includes an ASIC fee of $80. (ASIC Fees) Regulations 2018. Fees are determined by: the Corporations (Fees) Regulations 2001; the Corporations (Review Fees) Regulations 2003; Occupational licensing. . Role Summary: I provided the business with insights into the existing risks and control gaps that may result in revenue leakage and cost impacts to Telstra. Fit-for-purpose documents that operate the way you intend. These costs are recovered through levies invoiced once in the calendar year. We publish indicative levies to give those regulated under industry funding laws an indication of what actual levy costs to expect. ASIC (Supervisory Cost Recovery Levy - Annual Determination) Instrument 2018/1063 Fees for service are part of industry funding While around 90% of ASIC's regulatory activities are recovered in the form of industry funding levies, the remaining 10% are recovered via fees for ASIC regulatory services. A Corporate Trustee will pay a reduced annual fee to ASIC as noted below. asic fees 2018pet friendly rentals lewis county, wa asic fees 2018. asic fees 2018 Menu obsolete parts warehouse. An annual review is a yearly assessment to ensure that ASIC is up to date with your company's current details and ability to pay its debts. Each year, we issue levy invoices to recover most of ASIC's regulatory costs from regulated entities. We must publish an annual dashboard report each year, setting out information about our regulatory costs for the previous financial year: see section 138 of the Australian Securities and Investments Commission Act 2001. ASIC Business Name Fees from 1 July 2021 to 30 June 2022. New ASIC Fees from 1 July 2018 From 1 July 2018, some ASIC fees will increase. On the anniversary date of the registration of a company, ASIC charge an annual fee of $273 for a standard proprietary company. The Australian Governments industry funding arrangements for ASIC became law in 2017. For a full list of all the ASIC fee changes on the most common lodgementsclick here. (Fees noted above are applicable from July 2020, note fees raise annually and are linked to CPI. Subscribe to our e-mail newsletter to receive updates. Fees apply when you lodge some forms and documents. Addresses that have already been saved in your address book will now be visible. Company Registration - Registering a company name will increase to $506 Company Name Reservation - Reserving a company name will increase to $51 Company Annual Review Fees Fee : Open Division . Several rounds of consultation were undertaken on the proposed changes to ASICs fees for service. (2) The amount of the fee on or after 4 July 2018 is, subject to subregulations (3) to (5), the amount mentioned in the item. You can see the lodgement periodand lodgement fee (if any) for a specific form by searching Forms. Everything you need to know about the areas we regulate. The levies will fluctuate each year based on: We publish the summary of levies each financial year after we have finalised the actual cost recovery amounts for that year. The Producer Price Index (PPI) is a measure of how prices domestic producers receive for their output have changed on average over time. Check business name details are up to date, Request an alternative registration period for business name, Steps to transfer a business name to a new owner, Steps to register a business name with a transfer number, ASIC-initiated cancellation of business name. This means that small companies don't have to provide the same level of information to ASIC as larger companies. Most financial advisers are sole traders or small businesses and cannot afford these rising costs. Bankruptcy Amendment (Debt Agreement Reform) Bill 2018; Transparency of Business Tax Debts February 2018; Corporations Amendment (Crowd-Sourced Funding) Regulations 2018 Funding; Responses to ACCC Guidance and Guidelines; Pre-Budget Submission 2018-19; Submission to the Treasury: Introduction of ASIC's fees-for-service under the industry . ASIC fees for financial advisers have increased by more than 230 per cent over the past three years. Item Fee ($AUD) New Company Registration (with Share Capital) Proprietary Company limited by Shares (PTY LTD) Public Company limited by Shares (LTD) 538 New Company Registration (without Share Capital) Public Company limited by Guarantee (LTD) 443 Company Names Reservation of Company Name Please log in to review it, and dont hesitate to, Director IDs transitional regime to end 30 November, Changing beneficiaries in discretionary trusts. An Act to amend the Corporations (Fees) Act 2001, and for related purposes [Assented to 28 June 2018]The Parliament of Australia enacts: 1 Short title This Act is the Corporations (Fees) Amendment (ASIC Fees) Act 2018.. 2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. On lodging an application under section 913A for an Australian financial services licence, if the application is lodged using electronic means: . ASIC Company Fees from 1 July 2019 to 30 June 2020. 2018: Clark Dennis & Roger Marcincuk (64-62-126 (-16), Las Colinas CC) . You can check the review date for a company or scheme from our Organisation and BusinessNames search. Your enquiry has been successfully submitted. It will not be amended to deal with any later amendments of this Act. Blue Diamond claimed outstanding licence fees and breaches of its market contract in Australia. ASIC Fees Increase for 2022/23 Financial Year June 20, 2022 The increased fees will apply from 1 July 2022 to 30 June 2023. The typical purpose of an application-specific integrated circuit (ASIC) is to calculate a single function or a . Below are the list of ASIC fees effective 01 July 2022. It does not contain a comprehensive list of all ASIC Fees that may be payable. This year, the fees to register a company (with shares) will increase by $6 and company name changes will go up by $5. If you don't pay the annual review fee in time, you may need to pay additional fees. When it first launched in January 2018, its own name-brand stablecoin drew 40 million users to collaborate with the business. Actual allocations of costs may differ from our estimates due to changes in our regulatory environment over any given year. Fundraising restrictions on advertising and cold calling, Consolidation of fundraising instruments and guidance, Public comment on ASIC's regulatory activities, Private court proceedings - ASIC involvement, About the court enforceable undertakings register, Recovery of investigation expenses and costs, Lawful disruption of access to online services, Complaints about companies, organisations or people, Self-managed superannuation fund auditors, Miscellaneous applications and notification, 370 Officeholder notifies resignation/retirement. ASIC then published its first fees for service Cost Recovery Implementation Statement (CRIS) for consultation, which has now closed. Our SMSF administration service is mostly paperless. Sorry, there aren't any posts that match your search criteria. About us, how we regulate and the laws we administer. Also in 2016-17, ASIC received approximately $349 million in appropriation revenue ($342 million) and 'own source' revenue ($7 million). ASIC says it hopes to recover A$238 million in costs in the 2017-18 financial year, with about A$4 million estimated to come from auditors of disclosing entities, more than A$28 million from financial advisers (fees levied on advisers will be up to A$2058 a year), A$7.2 million from superannuation trustees and A$1 million from registered company Enter the amount of tokens you want to send and click next. Why not apply today? This enable us to charge a fair fee, resulting in a good value-proposition for you. Please note that this is a summary giving you the basic information you need. Sorry, something went wrong with your search. Although most SMSFs are set up using individual Trustees, you may choose to have a Corporate Trustee for your SMSF. To access full list of fees, visit ASIC website: Fees for commonly lodged documents. We are Melbourne based with clients throughout Australia. Cost savings. Srixon/Cleveland Golf/Asics Pro-Scratch Championship Monday, March 27 - Tuesday, March 28, 2023 HOST FACILITY: Maridoe Golf Club 2020 Kelly Blvd . You can email your Company Secretarial queries directly to Talisa at talisad@butlersca.com.au or by phoning the office on 07 5536 2288. Everything you need to know about the areas we regulate. What are the human resource requirements for getting a credit licence? ASIC Company Fees from 1 July 2021 to 30 June 2022. June 14, 2022; can you shoot someone stealing your car in florida ASIC makes legislative instruments each year, setting out our regulatory costs for the previous financial year, how theywere allocated, and the metrics we use to calculate the levies. Intensively trained on ASIC Design and Verification . And in 2019, ASIC released a (now stamped expired) factsheet that suggested it would cost, on average, $13,900 a year to run an SMSF. In most cases this has resulted in a fee increase. In relation to our enforcement work, we cannot predict the nature and extent of these activities with certainty. Australian CS facility licence applications.
The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment. Lodging prospectuses and other disclosure documents. It does not cover the whole of the relevant law and is not a substitute for professional advice. Company Registration Faqs Need more info? ASIC FORMS: ASIC Forms. Our group of businesses & links include the following companies (& our websites);-. asic fees 2018. For most companies and schemes, their annual review date is the anniversary of their date of registration or incorporation. The list contains fees for most commonly lodge forms, including late fees. Download ASIC's fees-for-service schedule. ASIC has said it will use a range of criteria to decide if a fee arrangement would be classified as "ongoing", such as whether the agreement is limited to a fixed-term period of 12 months or less, whether a licensee has systems in place to turn fees off at the end of the fixed-term period, and whether there is an understanding between the adviser In March 2018, Paul Chan Mo-po announced HK$40 billion funding for the science park, including HK$20 billion for building in the Lok Ma Chau Loop the first phase of the Hong Kong-Shenzhen Innovation and Technology Park, owned by HKSTP; and HK$10 billion allocated to the park for supporting its tenants and building infrastructure and facilities. 29 June 2018 (F2018L00965) Sch 1 (items 1-22): 4 July 2018 (s 2(1) item 2) . ASIC Company Fees from 1 July 2022 to 30 June 2023. The report is made up of two tables. Notices of AGM - be aware of increases in ASIC fees Corporate News - 21 September 2018 On and from 4 July 2018, ASIC moved to a 'user-pays' model, which has resulted in an increase in the fees payable for lodgement of certain documents and applications with ASIC. Bottrell Business Consultants are a Multi Award Winning Firm, We have 2016 Traineeships available work 3 days Study part-time 2 days, Apply now to Tara Skippen on tara@bottrellaccounting.com.au send resume & cover letter, www.bottrellaccounting.com.au or check us out on Facebook, Twitter, Instagram or LinkedIn, Offices East Maitland | Newcastle | Sydney | Melbourne | Brisbane | Gold Coast. Our powerful platform is used by accountants, lawyers and wealth advisers to mitigate legal risk, unlock revenue opportunities and drive higher value client relationships. This Act is the Corporations (Fees) Amendment (ASIC Fees) Act 2018. When can you raise funds without a disclosure document? We also charge fees for some of our search products. . Information sheets provide concise guidance on a specific process or compliance issue or an overview of detailed guidance. Oct 2016 - Sep 20215 years. Acis is one of Australia's largest providers of business and investment structures and restructures. As such, from 1 July 2017 a new fee index will apply to company lodgement documents. Consultation on the exposure draft legislation to implement fees for service under ASIC industry funding closed on 1 May 2018. The Government released exposure draft legislation on the second phase of industry fundingthe introduction of fees for serviceon 11 April 2018. Key Takeaways Please note also that because this information sheet avoids legal language wherever possible there may be some generalisations about the application of the law. The Governments industry funding arrangements allow us to recover most of our regulatory costs from the industries we regulate. When can you raise funds without a disclosure document? Often, these scams might look like a legitimate invoice or come from an organisation with an official-sounding name. About Our Traineeships:- Currently, the fees associated with these activities do not reflect the costs to ASIC of undertaking these activities. (5) However, if no such determination is in operation, the fee for a chargeable matter is the fee prescribed by the regulations for the chargeable matter of low complexity. Now you're presented with the estimated gas fees of your transaction, which you can also adjust. We also charge fees for some of our search products. Each month, the US Bureau of Labor Statistics publishes the index. Changes to Company Details (Form 484) such as changes to shareholders, officeholders and company addresses must be notified to ASIC witin 28 days. The fees apply to specific regulatory activities requested by a single entity. Your company's annual review usually takes place on the same date that your company was registered. Noumi, which has processing plants in Sydney . We publish ASIC's regulatory costs as part of the annual cost recovery implementation statement (CRIS). These codes are typically produced by an algorithm; the Google Authenticator app produces its codes using the Time-Based One Time Password Algorithm, or TOTP. Some provisions of the law referred to have exceptions or important qualifications. The Government passed the required legislation on 28 June 2018, with new pricing effective as of 4 July 2018. The primary aim of this blog is to quickly summarise ASIC fee changes as of July 2017. . Office holders residential address/members addresses. Shortly after this date, we issue an annual statement and aninvoice. Fee as of 1 July 2021. For example, registering a new business name currently includes an ASIC fee of $80. (ASIC Fees) Regulations 2018. Fees are determined by: the Corporations (Fees) Regulations 2001; the Corporations (Review Fees) Regulations 2003; Occupational licensing. . Role Summary: I provided the business with insights into the existing risks and control gaps that may result in revenue leakage and cost impacts to Telstra. Fit-for-purpose documents that operate the way you intend. These costs are recovered through levies invoiced once in the calendar year. We publish indicative levies to give those regulated under industry funding laws an indication of what actual levy costs to expect. ASIC (Supervisory Cost Recovery Levy - Annual Determination) Instrument 2018/1063 Fees for service are part of industry funding While around 90% of ASIC's regulatory activities are recovered in the form of industry funding levies, the remaining 10% are recovered via fees for ASIC regulatory services. A Corporate Trustee will pay a reduced annual fee to ASIC as noted below. asic fees 2018pet friendly rentals lewis county, wa asic fees 2018. asic fees 2018 Menu obsolete parts warehouse. An annual review is a yearly assessment to ensure that ASIC is up to date with your company's current details and ability to pay its debts. Each year, we issue levy invoices to recover most of ASIC's regulatory costs from regulated entities. We must publish an annual dashboard report each year, setting out information about our regulatory costs for the previous financial year: see section 138 of the Australian Securities and Investments Commission Act 2001. ASIC Business Name Fees from 1 July 2021 to 30 June 2022. New ASIC Fees from 1 July 2018 From 1 July 2018, some ASIC fees will increase. On the anniversary date of the registration of a company, ASIC charge an annual fee of $273 for a standard proprietary company. The Australian Governments industry funding arrangements for ASIC became law in 2017. For a full list of all the ASIC fee changes on the most common lodgementsclick here. (Fees noted above are applicable from July 2020, note fees raise annually and are linked to CPI. Subscribe to our e-mail newsletter to receive updates. Fees apply when you lodge some forms and documents. Addresses that have already been saved in your address book will now be visible. Company Registration - Registering a company name will increase to $506 Company Name Reservation - Reserving a company name will increase to $51 Company Annual Review Fees Fee : Open Division . Several rounds of consultation were undertaken on the proposed changes to ASICs fees for service. (2) The amount of the fee on or after 4 July 2018 is, subject to subregulations (3) to (5), the amount mentioned in the item. You can see the lodgement periodand lodgement fee (if any) for a specific form by searching Forms. Everything you need to know about the areas we regulate. The levies will fluctuate each year based on: We publish the summary of levies each financial year after we have finalised the actual cost recovery amounts for that year. The Producer Price Index (PPI) is a measure of how prices domestic producers receive for their output have changed on average over time. Check business name details are up to date, Request an alternative registration period for business name, Steps to transfer a business name to a new owner, Steps to register a business name with a transfer number, ASIC-initiated cancellation of business name. This means that small companies don't have to provide the same level of information to ASIC as larger companies. Most financial advisers are sole traders or small businesses and cannot afford these rising costs. Bankruptcy Amendment (Debt Agreement Reform) Bill 2018; Transparency of Business Tax Debts February 2018; Corporations Amendment (Crowd-Sourced Funding) Regulations 2018 Funding; Responses to ACCC Guidance and Guidelines; Pre-Budget Submission 2018-19; Submission to the Treasury: Introduction of ASIC's fees-for-service under the industry . ASIC fees for financial advisers have increased by more than 230 per cent over the past three years. Item Fee ($AUD) New Company Registration (with Share Capital) Proprietary Company limited by Shares (PTY LTD) Public Company limited by Shares (LTD) 538 New Company Registration (without Share Capital) Public Company limited by Guarantee (LTD) 443 Company Names Reservation of Company Name Please log in to review it, and dont hesitate to, Director IDs transitional regime to end 30 November, Changing beneficiaries in discretionary trusts. An Act to amend the Corporations (Fees) Act 2001, and for related purposes [Assented to 28 June 2018]The Parliament of Australia enacts: 1 Short title This Act is the Corporations (Fees) Amendment (ASIC Fees) Act 2018.. 2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. On lodging an application under section 913A for an Australian financial services licence, if the application is lodged using electronic means: . ASIC Company Fees from 1 July 2019 to 30 June 2020. 2018: Clark Dennis & Roger Marcincuk (64-62-126 (-16), Las Colinas CC) . You can check the review date for a company or scheme from our Organisation and BusinessNames search. Your enquiry has been successfully submitted. It will not be amended to deal with any later amendments of this Act. Blue Diamond claimed outstanding licence fees and breaches of its market contract in Australia. ASIC Fees Increase for 2022/23 Financial Year June 20, 2022 The increased fees will apply from 1 July 2022 to 30 June 2023. The typical purpose of an application-specific integrated circuit (ASIC) is to calculate a single function or a . Below are the list of ASIC fees effective 01 July 2022. It does not contain a comprehensive list of all ASIC Fees that may be payable. This year, the fees to register a company (with shares) will increase by $6 and company name changes will go up by $5. If you don't pay the annual review fee in time, you may need to pay additional fees. When it first launched in January 2018, its own name-brand stablecoin drew 40 million users to collaborate with the business. Actual allocations of costs may differ from our estimates due to changes in our regulatory environment over any given year. Fundraising restrictions on advertising and cold calling, Consolidation of fundraising instruments and guidance, Public comment on ASIC's regulatory activities, Private court proceedings - ASIC involvement, About the court enforceable undertakings register, Recovery of investigation expenses and costs, Lawful disruption of access to online services, Complaints about companies, organisations or people, Self-managed superannuation fund auditors, Miscellaneous applications and notification, 370 Officeholder notifies resignation/retirement. ASIC then published its first fees for service Cost Recovery Implementation Statement (CRIS) for consultation, which has now closed. Our SMSF administration service is mostly paperless. Sorry, there aren't any posts that match your search criteria. About us, how we regulate and the laws we administer. Also in 2016-17, ASIC received approximately $349 million in appropriation revenue ($342 million) and 'own source' revenue ($7 million). ASIC says it hopes to recover A$238 million in costs in the 2017-18 financial year, with about A$4 million estimated to come from auditors of disclosing entities, more than A$28 million from financial advisers (fees levied on advisers will be up to A$2058 a year), A$7.2 million from superannuation trustees and A$1 million from registered company Enter the amount of tokens you want to send and click next. Why not apply today? This enable us to charge a fair fee, resulting in a good value-proposition for you. Please note that this is a summary giving you the basic information you need. Sorry, something went wrong with your search. Although most SMSFs are set up using individual Trustees, you may choose to have a Corporate Trustee for your SMSF. To access full list of fees, visit ASIC website: Fees for commonly lodged documents. We are Melbourne based with clients throughout Australia. Cost savings. Srixon/Cleveland Golf/Asics Pro-Scratch Championship Monday, March 27 - Tuesday, March 28, 2023 HOST FACILITY: Maridoe Golf Club 2020 Kelly Blvd . You can email your Company Secretarial queries directly to Talisa at talisad@butlersca.com.au or by phoning the office on 07 5536 2288. Everything you need to know about the areas we regulate. What are the human resource requirements for getting a credit licence? ASIC Company Fees from 1 July 2021 to 30 June 2022. June 14, 2022; can you shoot someone stealing your car in florida ASIC makes legislative instruments each year, setting out our regulatory costs for the previous financial year, how theywere allocated, and the metrics we use to calculate the levies. Intensively trained on ASIC Design and Verification . And in 2019, ASIC released a (now stamped expired) factsheet that suggested it would cost, on average, $13,900 a year to run an SMSF. In most cases this has resulted in a fee increase. In relation to our enforcement work, we cannot predict the nature and extent of these activities with certainty. Australian CS facility licence applications.