Senator CHANDLER (Tasmania) (12:51): I rise to make a short contribution on the Corporations (Review Fees) Amendment (Technical Amendments) Bill 2025. This bill fixes a drafting error made under the previous Labor government back in 2011 when applying indexation to Australian Securities and Investments Commission company review fees. Because of that mistake, a variety of ASIC review fees were not properly indexed. The affected fees included late annual review fees, 10-year review fees and special purpose company fees for charities, not-for-profits and super trustees. ASIC went on to charge indexed amounts across other fees for 14 years, collecting an estimated $60 million that it technically wasn't entitled to under the law. The coalition understands that drafting errors happen, but, because of the scale of this error and the retrospective application, we thought that the bill we are debating here today requires proper scrutiny. That's why we sent this legislation to the Senate Economics Legislation Committee for inquiry. During that inquiry, at which ASIC appeared, they were able to answer the questions that we put to them. I think it's important to note that, although the total amount that ASIC overcharged to relevant entities is substantive, at $68 million, more than 70 per cent of the entities that were charged review fees incorrectly were only overcharged by $22 or less. We thank the committee for its work in undertaking scrutiny of this bill, and, with the committee inquiry now concluded, we are satisfied that this bill should pass the chamber. I commend the bill to the Senate on behalf of the opposition.