Corporations (Fees) Amendment Act 2011

No. 144, 2011

An Act to amend the Corporations (Fees) Act 2001, and for related purposes

[Assented to 29 November 2011]

The Parliament of Australia enacts:

This Act may be cited as the Corporations (Fees) Amendment Act 2011.

(1) Each provision of this Act 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
Provision(s)	Commencement	Date/Details
1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table	The day this Act receives the Royal Assent.	29 November 2011
2. Schedule 1	The later of: (a) the day this Act receives the Royal Assent; and (b) 1 January 2012.	1 January 2012

Note: This table relates only to the provisions of this Act as originally enacted.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

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

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Fees and financial market supervision

Corporations (Fees) Act 2001

1 Subsection 4(1) (paragraph (m) of the definition of chargeable matter)

Omit “its functions”, substitute “its functions in relation to the operator of a licensed market”.

2 Subsection 4(1) (paragraph (m) of the definition of chargeable matter)

Omit “2001.”, substitute “2001;”.

3 Subsection 4(1) (at the end of the definition of chargeable matter)

Add:

(n) the performance by ASIC of its functions in relation to a participant in a licensed market under Part 7.2A (Supervision of financial markets) of the Corporations Act 2001.

4 Subsection 6(6)

Omit “paragraph (m)”, substitute “paragraph (m) or (n)”.

5 Subsection 6A(1)

Omit “paragraph (m)”, substitute “paragraph (m) or (n)”.

6 Subparagraph 7(1)(m)(ii)

Omit “regulations.”, substitute “regulations;”.

7 At the end of subsection 7(1)

Add:

(n) for a chargeable matter referred to in paragraph (n) of that definition:

(i) person liable—the participant in a licensed market; and

(ii) time liability incurred—the time or times determined in accordance with the regulations.

[Minister’s second reading speech made in—

House of Representatives on 18 August 2011

Senate on 3 November 2011]

(155/11)