Ms O’Dwyer issued a statement late on 3 July, which she said was meant to correct recent media reports that suggested the fees “were a source of funding for ASIC’s regulatory work”.
Read the full article at MyBusiness.
Minister admits ASIC fees purely revenue raising
In a statement meant to “correct the record” on ASIC business registry search fees, Financial Services Minister Kelly O’Dwyer has effectively admitted that the fees are collected purely to line the government’s pockets.
