New FMA levies – 2021 funding and levy review

These tables set out the levy changes. Existing classes currently set out in the Financial Markets Authority (Levies) Regulations 2012 whose levies will not change are not included. The levies set out in this table are exclusive of GST and will come into force on 1 September 2022.

Levy class 2A

Registered financial service providers (FSPs) that are registered banks or licensed non-bank deposit takers and required to hold a conduct licence.

Type of levy
(fixed levy or tiers)
New 2022/23
levy
New 2023/24
levy
New 2024/25
levy
New 2025/26
levy
Total assets exceed $50 billion $1,845,000 $2,028,000 $2,420,000 $2,930,000
Total assets exceed $10 billion but not $50 billion $560,000 $630,000 $730,000 $880,000
Total assets exceed $2 billion but not $10 billion $147,000 $159,000 $190,000 $205,000
Total assets exceed $1 billion but not $2 billion $62,000 $72,000 $90,000 $96,000
Total assets exceed $500 million but not $1 billion $22,600 $24,800 $31,500 $35,000
Total assets exceed $40 million but not $500 million $11,600 $12,100 $12,440 $12,940
Total assets do not exceed $40 million $3,320 $3,440 $3,520 $3,640

Levy class 3A

Registered FSPs that are licensed insurers and required to hold a conduct licence.

Type of levy
(fixed levy or tiers)
New 2022/23
levy
New 2023/24
levy
New 2024/25
levy
New 2025/26
levy
Annual gross premium revenue exceeds $1 billion $675,000 $745,000 $850,000 $960,000
Annual gross premium revenue exceeds $500 million but not $1 billion $494,000 $534,000 $615,000 $660,000
Annual gross premium revenue exceeds $250 million but not $500 million $179,000 $195,000 $218,000 $234,000
Annual gross premium revenue exceeds $100 million but not $250 million $123,000 $130,000 $148,000 $158,000
Annual gross premium revenue exceeds $50 million but not $100 million $63,000 $66,000 $73,000 $80,000
Annual gross premium revenue exceeds $10 million but not $50 million $23,000 $23,900 $26,000 $27,000
Annual gross premium revenue does not exceed $10 million $6,040 $6,140 $6,400 $6,600

Levy class 16

Climate reporting entities.

Banks, Credit Unions, Building Societies

Type of levy
(fixed levy or tiers)
New 2022/23
levy
New 2023/24
levy
New 2024/25
levy
New 2025/26
levy
Total assets exceed $10 billion $44,000 $51,000 $50,000 $50,000
Total assets exceed $1 billion but not $10 billion $21,000 $25,000 $24,000 $24,000

Manager of a registered scheme (other than a restricted scheme)

Type of levy
(fixed levy or tiers)
New 2022/23
levy
New 2023/24
levy
New 2024/25
levy
New 2025/26
levy
Total managed assets exceed $10 billion $34,000 $40,000 $39,000 $39,000
Total managed assets exceed $1 billion but not $10 billion $15,000 $18,000 $17,000 $17,000

Insurers

Type of levy
(fixed levy or tiers)
New 2022/23
levy
New 2023/24
levy
New 2024/25
levy
New 2025/26
levy
Gross annual premium revenue or assets exceeds $1 billion $5,800 $6,600 $6,400 $6,400
Gross annual premium revenue exceeds $250 million but not $1 billion $2,700 $3,300 $2,900 $2,900

Issuers

Type of levy
(fixed levy or tiers)
New 2022/23
levy
New 2023/24
levy
New 2024/25
levy
New 2025/26
levy
Listed issuer (equity or debt securities>$60 million) $1,600 $2,000 $1,800 $1,800

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Last updated: 02 June 2022