Financial Markets Authority (Levies) Regulations 2012

Schedule 2 Levies

r 8

Schedule 2: replaced, on 1 July 2020, by regulation 12 of the Financial Markets Authority (Levies) Amendment Regulations 2020 (LI 2020/100).

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

Persons that apply under section 15 of the FSP Act to be a registered FSP

Making the application

Registrar of Financial Service Providers

$552
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, $1,035,000; or

(b)

exceed $10 billion but do not exceed $50 billion, $276,000; or

(c)

exceed $2 billion but do not exceed $10 billion, $83,490; or

(d)

exceed $1 billion but do not exceed $2 billion, $42,550; or

(e)

exceed $500 million but do not exceed $1 billion, $15,295; or

(f)

exceed $40 million but do not exceed $500 million, $9,660; or

(g)

do not exceed $40 million, $2,875

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, $345,000; or

(b)

exceeds $100 million but does not exceed $500 million, $80,500; or

(c)

exceeds $50 million but does not exceed $100 million, $47,150; or

(d)

exceeds $10 million but does not exceed $50 million, $18,400; or

(e)

does not exceed $10 million, $4,830

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

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, $230,000; or

(b)

exceed $1 billion but do not exceed $5 billion, $103,500; or

(c)

exceed $100 million but do not exceed $1 billion, $40,250; or

(d)

do not exceed $100 million, $10,580

5

Registered FSPs that are managers (as defined in section 6(1) of the FMC Act)

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, $529,000; or

(b)

exceed $5 billion but do not exceed $10 billion, $368,000; or

(c)

exceed $2 billion but do not exceed $5 billion, $184,000; or

(d)

exceed $1 billion but do not exceed $2 billion, $115,000; or

(e)

exceed $500 million but do not exceed $1 billion, $66,700; or

(f)

exceed $100 million but do not exceed $500 million, $30,475; or

(g)

exceed $20 million but do not exceed $100 million, $8,280; or

(h)

exceed $1 but do not exceed $20 million, $1,955

6

Registered FSPs that are—

(a)

entities (as defined in section 6(1) of the FMC Act) that 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—

(i)

persons included in class 6A, 6B, 6C, or 6D; and

(ii)

DIMS wholesale providers; or

(d)

persons licensed to provide the licensed market service of acting as a derivatives issuer (as defined in section 6(1) of the FMC Act); 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 an entity authorised to undertake trading activities on licensed markets, $7,590:

(b)

if the person is a contributory mortgage broker, $3,105:

(c)

if the person is registered for the financial service described in section 5(1)(k) of the FSP Act, $9,200 (but this paragraph does not apply to entities authorised to undertake trading activities on licensed markets):

(d)

if the person is licensed to provide the licensed market service of acting as a derivatives issuer, $15,525:

(e)

if the person is an authorised financial adviser, $437

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, $65,550; or

(b)

exceed $500 million but do not exceed $2 billion, $27,600; or

(c)

exceed $100 million but do not exceed $500 million, $9,315; or

(d)

exceed $50 million but do not exceed $100 million, $4,485; or

(e)

do not exceed $50 million, $1,840

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

$3,220
6C

Registered FSPs that are custodians

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

Registrar of Financial Service Providers

$10,465
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

$3,335
6E

Registered FSPs that are licensed to provide the licensed market service of acting as an administrator of a financial benchmark

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

Registrar of Financial Service Providers

$20,125

7

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

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

Registrar of Financial Service Providers

$621
8

Listed issuers (other than persons included in class 8A)

Being issued with an invoice under regulation 13FMA

$4,140 plus any debt collection costs incurred in relation to the person

8A

Listed issuers with a market capitalisation less than—

(a)

$60 million (unless paragraph (b) applies to the issuer); or

(b)

$100 million in the case of a listed issuer to which paragraph (c) of the definition of market capitalisation in regulation 3(1) applies

Being issued with an invoice under regulation 13FMA

$1,035 plus any debt collection costs incurred in relation to the person

9

Persons that lodge a product disclosure statement (PDS) under section 48 of the FMC Act

Lodging a PDS

Registrar of Financial Service Providers

$4,025 (except for a PDS for a managed fund)

$805 per fund, multi-fund investment option, or life cycle stage covered by the PDS, in the case of a managed fund

10

Licensed market operators that operate 1 or more conventional markets

For the levy other than debt collection costs, giving a report on compliance to the FMA under section 337 of the FMC Act

For debt collection costs, being issued with an invoice under regulation 13

FMA

$55,200 plus any debt collection costs incurred in relation to the person

10A

Licensed market operators that operate 1 or more growth markets (other than persons included in class 10)

For the levy other than debt collection costs, giving a report on compliance to the FMA under section 337 of the FMC Act

For debt collection costs, being issued with an invoice under regulation 13

FMA

$8,050 plus any debt collection costs incurred in relation to the person

11

FMC reporting entity (as defined in section 6(1) of the FMC Act)

Lodging of financial statements (or group financial statements) and auditor’s reports under section 461H of the FMC Act

Registrar of Financial Service Providers

$69
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

$4,600 for each specified licence (as defined in regulation 3(1))

13Overseas auditors holding a specified licence (as defined in regulation 3(1))Being issued with an invoice under regulation 13FMA

$5,060 plus any debt collection costs incurred in relation to the person

14

Persons that make an application for registration or incorporation under—

(b)

Making the application

The person to whom the application is made

$20
15

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

(b)

Making the annual return

The person to whom the annual return is made

$20

Rebecca Kitteridge,
Clerk of the Executive Council.