Participation fees

Fee Schedules for FSCL Participants (as of January 1 2016)

There is an application fee of $115 GST inclusive for new applications. New/start-up companies are usually placed in the lowest annual fee bracket with a review undertaken after 12 months of operations

Individual Advisers

Including AFAs, financial planners, mortgage brokers, insurance advisers and insurance brokers.

Annual fee

More than 15 persons $310 each
1-15 persons $410 each

QFEs

Groups of advisers with centralised complaint handling.

Annual fee

More than 100 individuals covered $105 each
20-100 individuals covered $205 each
Fewer than 20 individuals covered $310 each
Maximum QFE/large company annual fee
$15,375

Sharebrokers and Securities Traders 

Annual fee

More than 15 individuals covered

$105 each
6-15 individuals covered $205 each
Fewer than 5 individuals covered $310 each

Lenders

Including deposit takers and credit retailers. Not including registered banks.

Annual fee

Loan book greater than $2,000m $10,250
Loan book $500m-$2,000m $5,125
Loan book $10m-$500m $2,000
Loan book $1m-$10m $1,000
Loan book less than $1m $515


Funds Managers

Annual fee

Funds under management exceeding $2,000m $2,050
Funds under management $500m-$2,000m $1,535
Funds under management less than $500m $1,025

Transactional Service Providers

Including money forwarders, remittance operators and foreign exchange dealers, and credit or charge card and electronic money operators.

Annual fee

Transactions more than $2,000m pa $2,050
Transactions $500m-$2,000m pa $1,535
Transactions $8m-$500m pa $1,025
Transactions less than $8m pa $1,025

Securities on issue

Annual fee

Face value of securities exceeding $200m $2,050
Face value of securities $50m-$200m $1,535
Face value of securities less than $50m $1,025

Insurers

Annual fee

Premium revenue exceeding $200m $3,075
Premium revenue $70m-$200m $2,050
Premium revenue less than $70m $1,535

Crowd Funders and P2P Lenders

Including equity crowd funding and peer to peer lending

Annual fee

Transactions/lending amounts exceeding $50m $3,500
Transactions/lending amounts $10m-$50m $2,000
Transactions/lending amounts $1m-$10m $1,000
Transactions/lending amounts less than $1m $515

IMPORTANT NOTE

All of the fees listed are inclusive of GST.

Annual fees are payable by 1 July each year for the year to 30 June ahead.

Fees may vary to the ones shown. If you have any questions about this, please call one of our staff on 0800 347 257.