SMSF auditor registration fees: sunsetting Regs to be remade

Treasury has released Exposure Draft – Superannuation Auditor Registration Imposition Regulations 2022, commencing day after registration, propose to remake the Superannuation Auditor Registration Imposition Regulations 2012 which are due to sunset on 1 April 2023.

The Draft Regulations will prescribe the ASIC fees that are payable by self-managed super fund (SMSF) auditors for regulatory services provided by ASIC. For example, the fee for registering as an approved SMSF auditor is proposed to increase to $2,191 from 1 July 2023 (up from $1,927). The fee payable for cancelling registration as an approved SMSF auditor has significantly reduced. The Draft Regs also provide for the fee to be indexed to CPI (but not exceeding $3,000) from the 2024-25 financial year. Otherwise, the Draft Regs broadly follow the structure of the existing 2012 Regs.