Corporations (Fees) Regulations (Amendment) (Cth)

Statutory Rules 1994

No. 34 1

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Corporations (Fees) Regulations 2(Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Corporations Act 1989.

Dated 4 March 1994.

 BILL HAYDEN

 Governor-General

 By His Excellency’s Command,

M. LAVARCH

Attorney-General

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1.   Amendment

1.1   The Corporations (Fees) Regulations are amended as set out in these Regulations.

[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]

2.   Schedule (Prescribed fees)

2.1 After item 15,

  insert:

“15A

On lodging an application under subsection  118 (1), before 1 January 1995, for the registration of a Division 1 company, where it is stated in the memorandum of the company that: (a) the company is formed for the purpose of acting solely as the trustee of a regulated superannuation fund within the meaning of section 19 of the Superannuation Industry (Supervision) Act 1993; and (b) the memorandum of the company prohibits the distribution of the company’s income or property among its members

100”

2.2   Item 26:

Omit “28 or 29”, substitute “28, 29 or 32A”.

2.3   After item 32, insert:

“32A	On lodging an annual return of a company, if the Commission is satisfied: (a) that the memorandum of the company prohibits the distribution of the company’s income or property among its members; and (b) that the company operates solely for the purpose of acting as the trustee of a regulated superannuation fund within the meaning of section 19 of the Superannuation Industry (Supervision) Act 1993	30
32B	On lodging an annual return of a company for which a fee under item 15A was paid prior to incorporation, if: (a) the annual return is not one for which a fee is payable under item 32A; and (b) no fee has previously been paid under this item; in addition to the fee payable under item 26, 27, 28, 29, 30 or 31, as the case may be	450”

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 11 March 1994.

2. Statutory Rules 1990 No. 456 as amended by 1992 No. 236; 1993 No. 242.