By Hayes Knight – 16 July 2012

With the 2012 Annual Returns due it is quite timely that the Companies Office has chosen to introduce changes to their service fees.

The changes come after reports of funding deficits and it is believed that the new fees will better reflect the true cost of servicing users of the Companies Office registers.

One fee increase that will impact SMEs, rental property owners and other organisations that follow a company trading structure is filing a Company Annual Return. Currently this is free, but from 1 August 2012 this service will cost $45 (including GST). Also included in this service fee are the levies required to fund the Financial Markets Authority and the External Reporting Board.

Hayes Knight file a number of Annual Returns on behalf of our clients. Unfortunately we will need to incorporate this $45 fee for any Annual Returns filed from 1 August 2012. For more information on the fee changes please visit the Companies Office website or contact your Hayes Knight adviser.