Not-for-profit Law
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Draft regulations and explanatory material for the Treasury Laws Amendment (ASIC Cost Recovery and Fees) Regulations 2019

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Not-for-profit Law has provided feedback on draft regulations and explanatory material for the Treasury Laws Amendment (ASIC Cost Recovery and Fees) Regulations 2019.

We provide comments only to the extent the Regulations relate to charities and other not-for-profit companies. We have two recommendations:
  1. We support the proposed reduction of fees to $40 for an ‘application for consent to resign as an auditor of a specific company’ (regulation 82A).
  2. We submit that the fee for an ‘application for extension of time to hold annual general meetings’ (regulation s250P ) should be reduced to $40 for companies limited by guarantee.

Read our full submission below. 

Last Updated: 13 February 2019

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