Joint Media Release

Turnbull Government improves access to ASIC searches

MC 48/18

Senator the Hon. Mathias Cormann
Minister for Finance
Leader of the Government in the Senate
Senator for Western Australia

The Hon. Kelly O'Dwyer MP
Minister for Revenue and Financial Services
Minister for Women
Minister Assisting the Prime Minister for the Public Service
Federal Member for Higgins

30 July 2018

From 1 July 2019, the Turnbull Government will reduce and remove the fees for accessing certain information from the online business registries maintained by the Australian Securities and Investments Commission (ASIC).

Existing search fees of $40 will be cut to $19 to reduce the burden on individuals and businesses that need to access company roles and relationship extracts from the online registries. 

The Government will also extend the fee exemption that is currently available to some journalists for certain registry searches, as specified in the Corporations (Fees) Regulations 2001, to all journalists, for all registry searches. An exemption from these fees will facilitate free access to important information about companies and financial services providers. Associated changes to the various ASIC registries will not affect ASIC’s resourcing from the Budget.

Journalists will qualify for the exemption where they are seeking access to the information in the course of their professional work.

Both measures will reduce the impost on those seeking information on companies, organisations or corporations. Furthermore, expanding the group of journalists that will benefit from the exemption from fees will aid public discussion.

The Government acknowledges the advocacy of Centre Alliance Senator, Rex Patrick for these reforms to increase the accessibility of the business registries to journalists and the wider public.

[ENDS]

Media Contact(s): 

For Minister Cormann: Julia Burns - 0484 312 671
For Minister O'Dwyer: Lachlan McNaughton - 0433 642 145 or Emma Nicholson - 0481 909 550

Senator the Hon Mathias Cormann, Minister for Finance and the Public Service, Perth