Credit licensing fees

The draft National Consumer Credit Protection (Fees) Regulations 2009 contain the proposed new fee regime:

For credit licence applications there is a sliding scale depending on the number of representatives (including employees) involved in credit activities: the fee for online applications will go from $450 (for 1 representative in a credit activity) to a maximum fee of $21,000 (if more than 100 representatives involved in credit activities) with the same fees applying for lodgment of each annual compliance certificate. A higher fee applies for non-electronic lodgment ($565 up to $26,250).

There will be no fee for lodgment of an application to be registered under the transitional provisions.

 

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