New FMA levies – 2021 funding and levy review
Published: 19 May 2022New levies following the 2021 review of FMA funding and levies.
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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.
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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