AFSA fee changes effective from 1 July 2015

Articles, Procedure + Litigation

AFSA fee changes effective from 1 July 2015

Jul 1, 2015

Australian Financial Security Authority’s (AFSA) insolvency fees and levies have changed as of 1 July 2015.

The Key Changes to AFSA’s insolvency fees are:

  • The NPII search fee will increase from $12 to $15;
  • The Personal Insolvency Reporting Service (and maintenance charge) will increase from $2 to $6.80 exclusive of GST; and
  • The realisations charge will increase from 6% to 7%.

Despite the repeal of the Bankruptcy (Fees and Remuneration) Determination 2010, sections 2.08 and 2.09 of that Determination continue to apply to a bankruptcy if the date of the bankruptcy is before 1 December 2010.

For more information please contact ERA Legal.