Corporations (Fees) Amendment Regulations 2010 (No. 2)

Link to law: https://www.comlaw.gov.au/Details/F2010L00741

Corporations (Fees) Amendment Regulations 2010 (No. 2)1
Select Legislative Instrument 2010 No. 57
I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Corporations (Fees) Act 2001.
Dated 24 March 2010
QUENTIN BRYCE
Governor-General
By Her Excellency’s Command
CHRIS BOWEN
Minister for Financial Services, Superannuation and Corporate Law
1              Name of Regulations
                These Regulations are the Corporations (Fees) Amendment Regulations 2010 (No. 2).
2              Commencement
                These Regulations commence on the day after they are registered.
3              Amendment of Corporations (Fees) Regulations 2001
                Schedule 1 amends the Corporations (Fees) Regulations 2001.
Schedule 1        Amendments
(regulation 3)
 
[1]           Regulation 3
substitute
3              Prescribed fees
         (1)   For section 5 of the Act, a fee is prescribed for a chargeable matter mentioned in an item in Schedule 1.
Note   Fees for other chargeable matters are prescribed in regulations 5 and 6.
         (2)   For paragraph 6 (1) (a) of the Act, in the financial year starting on 1 July 2009, the amount of a fee for a chargeable matter mentioned in an item in Schedule 1 is the amount mentioned in column 3 of the item.
         (3)   For paragraph 6 (1) (b) of the Act, in the financial year starting on 1 July 2010, or a subsequent 1 July, if the latest CPI number is greater than the earlier CPI number, the fee for a chargeable matter is the amount worked out using the formula:  
where:
previous indexable amount is the amount of the fee for the chargeable matter that was applicable immediately before that 1 July.
         (4)   In the financial year starting on 1 July 2010, or a subsequent 1 July, if the latest CPI number is not greater than the earlier CPI number, the fee for a chargeable matter is the amount of the fee for the chargeable matter that was applicable immediately before that 1 July.
         (5)   If, apart from this subregulation, the amount worked out under subregulation (3) would be an amount of dollars and cents, the amount is to be rounded to the nearest whole dollar and, if the amount to be rounded is 50 cents, rounded down.
         (6)   For this regulation:
                (a)    if the Australian Statistician publishes a CPI number for a March quarter in substitution for a CPI number previously published by the Australian Statistician for that quarter, the publication of the later CPI number must be disregarded; and
               (b)    if the Australian Statistician changes the reference base for the Consumer Price Index, then, after the change is made, regard must be had only to the CPI numbers published using the new reference base.
         (7)   In this regulation:
CPI number means the All Groups Consumer Price Index number (being the weighted average of the 8 Australian capital cities) published by the Australian Statistician.
earlier CPI number is the CPI number for the March quarter 2 financial years before the relevant financial year begins.
latest CPI number is the CPI number for the last March quarter before the relevant financial year begins.
 
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.
 
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