Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (72 of 2025)

Schedule 1   Disclosure of information about ownership of listed entities

Part 2   Substantial holding information and tracing beneficial ownership (including deemed economic interests)

Division 3   Tracing beneficial ownership

Corporations Act 2001

41   Section 672D

Repeal the section, substitute:

672D Fee for complying with directions given by key persons

(1) This section applies in relation to a direction given under subsection 672B(1) by the key person for a Chapter 6C body.

(2) The regulations may prescribe fees that the key person must pay, to the person to whom the direction is given, for complying with the direction.

(3) The person to whom the fee is paid is liable to repay the fee if the person does not comply with the direction on time, even if the person does so later. The fee may be recovered as a debt due to the key person.