ASIC Fee Waivers

In more recent times, we have been asked about the ASIC (Australian Securities and Investments Commission) fee waiver process.

There are certain circumstances where you can apply however you must also meet the eligibility criteria.

ASIC's fee waiver process is required to be completed online via their fee waiver application.

The eligibility criteria for fee waivers consider financial hardship, special circumstances, or situations where the payment of fees would cause undue financial difficulty. Unfortunately, you cannot claim to have simply "missed" the payment deadline, lost the invoice or claim it was never delivered to you.

It is the responsibility of the director to ensure they make payment of their fees within the timeframes set out by ASIC, and it would probably be a good idea to have a reoccurring calendar event to ensure ASIC penalties are never an issue.

If you believe you meet the criteria for a fee waiver, you will likely need to complete a fee waiver application form. This form is usually available on the ASIC website. Make sure you provide all the required information and supporting documentation to substantiate your request.

ASIC will review your application and assess whether it meets the specified criteria for a fee waiver. The decision will be based on the information provided in your application, and the outcome of your fee waiver will be communicated normally within 28 days of application. Depending on the circumstances, you may be granted a full or partial waiver of the fees in question.

Since regulations and policies can change, it's crucial to check ASIC's official website or contact ASIC directly for the most up-to-date information on the fee waiver process. Additionally, if you are working with a professional advisor or consultant, they may be able to provide guidance on the fee waiver process based on the latest information.

If you have questions, please get in touch with us here at