Validation of Review Fee Amounts from 2011 to 2024
Corporations (Review Fees) Amendment (Technical Amendments) Bill 2025
House of Representatives
Senate
Assent
Topics
Introduced by: The Hon Dr Daniel Mulino MP (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
Dr Daniel Mulino ALP
“I move: That this bill be now read a second time. This bill validates certain fees charged by the Australian Securities and Investments Commission (ASIC) between 1 July 2011 and 11 March 2025, including the indexation applied to those fees. These fees include late fees, 10-year upfront fees and special company review fees. This amendment is administrative in nature.”
Pat Conaghan NAT
“I rise to speak on the Corporations (Review Fees) Amendment (Technical Amendments) Bill 2025. This is a remarkable piece of legislation and not for the good reasons. What we have before us today is a bill that seeks to retroactively validate more than a decade’s worth of unlawful fees collected by ASIC because of a mistake made under Labor back in 2011.”
Ed Husic ALP
“I rise to speak on the Corporations (Review Fees) Amendment (Technical Amendments) Bill 2025. At first glance, the bill is technical and administrative. It validates certain fees collected by the Australian Securities and Investments Commission, ASIC, between 1 July 2011 and 11 March 2025. These include late fees, upfront review fees and fees for special purpose companies.”
“I move the amendment as circulated in my name: That all words after ”That” be omitted with a view to substituting the following words: ”whilst not declining to give the bill a second reading, the House notes that: (1) one in three of Australia’s largest companies paid zero corporate income tax in the 2023-24 financial year; (2) Labor and the Coalition have created a tax system where a single nurse…”