Corporations (Fees) Amendment Regulation 2015 (No. 1) (Cth)

Corporations (Fees) Amendment Regulation 2015 (No. 1)

Select Legislative Instrument No. 109, 2015

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 25 June 2015

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Josh Frydenberg

Assistant Treasurer

Contents

1............ Name.................................................................................................. 1

2............ Commencement.................................................................................. 1

3............ Authority............................................................................................ 1

4............ Schedules............................................................................................ 1

Schedule 1—Amendments                                                                            2

Corporations (Fees) Regulations 2001                                                      2

1Name

This is the Corporations (Fees) Amendment Regulation 2015 (No. 1).

2Commencement

(1)Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1.  The whole of this instrument	1 July 2015.	1 July 2015

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

(2)Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3Authority

This instrument is made under the Corporations (Fees) Act 2001.

4Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Corporations (Fees) Regulations 2001

1  Paragraph 8(1)(a)

Omit “$8 735”, substitute “$9 065”.

2  Paragraph 8(5)(a)

Omit “$344 670”, substitute “$323 405”.

3  Subparagraph 8(6A)(a)(i)

Omit “$49 930”, substitute “$51 250”.

4  Paragraph 8(6A)(b)

Omit “$49 930”, substitute “$51 250”.

5  Paragraphs 8(7)(a) and (b) (formulas)

Repeal the formulas, substitute:

6  Subregulation 8(9) (formula)

Repeal the formula, substitute:

7  Paragraph 8(9A)(a)

Omit “1 977 125 and 1 985 125”, substitute “1 987 625 and 1 926 625”.

8  Subregulation 8(11) (definition of billing period)

Repeal the definition, substitute:

billing period means a period of 3 months starting on 1 July, 1 October, 1 January or 1 April of each year.

9  Division 1 of Part 3

Repeal the Division.

10  At the end of Part 3

Insert:

Division 3—Corporations (Fees) Amendment Regulation 2015 (No. 1)

13  Transitional matters

Despite the amendments of these Regulations made by Schedule 1 to the Corporations (Fees) Amendment Regulation 2015 (No. 1):

                    (a)  regulation 8, as in force at a time before 1 July 2015, continues to apply in relation to a fee that relates to ASIC’s performance of its functions at that time; and

                    (b)  regulation 9, as in force immediately before 1 July 2015, continues to apply in relation to a fee (including a fee for late payment) to which that regulation applied at that time.