Corporations (Review Fees) Amendment Regulations 2007 (No. 1)1

Select Legislative Instrument 2007 No. 200

I, PROFESSOR MARIE BASHIR, AC, CVO, Deputy for the Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Corporations (Review Fees) Act 2003.

Dated 28 June 2007

MARIE BASHIR

Deputy for the Governor‑General

By Her Excellency’s Command

CHRISTOPHER JOHN PEARCE

Parliamentary Secretary to the Treasurer

1 Name of Regulations

  These Regulations are the Corporations (Review Fees) Amendment Regulations 2007 (No. 1).

2 Commencement

  These Regulations commence on the commencement of the Corporations Legislation Amendment (Simpler Regulatory System) Act 2007.

3 Amendment of Corporations (Review Fees) Regulations 2003

  Schedule 1 amends the Corporations (Review Fees) Regulations 2003.

Schedule 1 Amendments

(regulation 3)

[1] Subregulation 4 (1)

substitute

 (1) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are prescribed in relation to review dates for a company or registered scheme mentioned in an item of Part 1 of Schedule 1 if the fees are to be paid annually.

 (1A) For subsection 5 (1) of the Corporations (Review Fees) Act 2003:

 (a) fees are prescribed in relation to review dates for a company or registered scheme mentioned in an item of Part 1A of Schedule 1 if the fees are to be paid before the conduct of the review; and

 (b) a company or registered scheme that pays the fee mentioned in the item before the conduct of the review is not required to pay another fee in relation to review dates for the period of 10 years starting when the company or registered scheme pays the fee.

[2] Schedule 1, Part 1, heading

substitute

Part 1 Annual fees

[3] Schedule 1, after Part 1

insert

Part 1A Upfront fees

[4] Schedule 1, Part 2, item 201, column 2

after

Part 1

insert

or Part 1A

[5] Schedule 1, Part 2, item 202, column 2

after

Part 1

insert

or Part 1A

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.