Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Regulations 2019 (F2019L00392)

Schedule 1 Amendments

Insert:

Part 9.10 - Fees imposed by the Corporations (Fees) Act 2001 and the Corporations (Review Fees) Act 2003

9.10.01 Penalty for failure to pay review fee on time - prescribed penalty (Act s 1364)

(1) This regulation is made for the purposes of paragraph 1364(2)(n) of the Act.

(2) The penalty for the failure to pay a review fee is:

(a) if payment is received within 1 month after the due date - $65; and

(b) if payment is not received within 1 month after the due date - $270.

Note: The date on which a service fee is due and payable is worked out under subsection 1351(3) of the Act.

(3) In this regulation:

review fee means a fee imposed by section 5 of the Corporations (Review Fees) Act 2003.