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.
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