{"id":"F2003B00173","name":"Corporations (Review Fees) Regulations 2003","slug":"corporations-review-fees-regulations-2003","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"160 of 2003","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":31210,"registerId":"commonwealth-F2003B00173-current","compilationNumber":null,"startDate":"2026-04-01","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"## Part 1—Preliminary","sortOrder":0},{"sectionNumber":"1","sectionType":"section","heading":"Name of Regulations","content":"#### 1 Name of Regulations\n\n These Regulations are the Corporations (Review Fees) Regulations 2003.","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Definitions","content":"#### 3 Definitions\n\n (1) In these Regulations:\n\n> Act means the Corporations Act 2001.\n\n> financial year means a period of 12 months starting on 1 July.\n\n> small transferring financial institution means a transferring financial institution of a State or Territory:\n\n (a) for which a review date applies in accordance with sections 345A, 345B and 345C of the Act; and\n (b) for which any of the following circumstances exists on 1 July immediately before that review date:\n (i) a levy under the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 or the Life Insurance Supervisory Levy Imposition Act 1998 is not payable;\n (ii) the minimum levy amount determined under subsection 7 (3) of the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 is payable;\n (iii) the minimum levy amount determined under subsection 7 (3) of the Life Insurance Supervisory Levy Imposition Act 1998 is payable.\n\n> special purpose company means:\n\n (a) a company holding a licence that is continued in force by section 151 of the Act and allows the company to omit ‘Limited’ from its name; or\n (b) in the case of a company limited by guarantee, or by both shares and guarantee, that was registered immediately before the commencement of this paragraph—if the constitution of the company states that the company:\n (i) is formed for the purpose of providing recreation or amusement or promoting commerce, industry, art, science, religion, charity, patriotism, pension or superannuation schemes or any other object useful to the community; and\n (ii) applies its profits (if any) or other income in promoting its purpose; and\n (iii) prohibits the distribution of its income or property to its members; or\n (c) a company that, under subsection 150 (1) of the Act, is registered without ‘Limited’ in its name; or\n (d) a company the constitution of which:\n (i) requires the company to pursue charitable purposes only and to apply its income in promoting those purposes; and\n (ii) prohibits the company making distributions to its members and paying fees to its directors; and\n (iii) requires its directors to approve all other payments the company makes to them; or\n (e) a proprietary company, if:\n (i) the company is the proprietor of land on which a building divided into separate residential areas and areas for common use is erected; and\n (ii) the members of the company are entitled, because of the shares they hold in the company, to the exclusive occupation of 1 or more of the residential areas and to the use of the common areas; and\n (iii) the company only operates to facilitate and enforce the rights of company members in relation to the exclusive occupation of the residential areas and to maintain the common areas; or\n (f) a company, other than a company mentioned in paragraph (a), (b), (c), (d) or (e), if:\n (i) the constitution of the company prohibits distribution of the company’s income or property to its members; and\n (ii) the sole purpose of the company is to act as the trustee of a regulated superannuation fund within the meaning of section 19 of the Superannuation Industry (Supervision) Act 1993.\n\n> transferring financial institution of a State or Territory has the meaning given by clause 1 of Schedule 4 to the Act.\n\n (2) Other expressions used in these Regulations that are defined in the Act have the same meanings as they have in that Act.","sortOrder":2},{"sectionNumber":"Part 2","sectionType":"part","heading":"Review fees","content":"## Part 2—Review fees","sortOrder":3},{"sectionNumber":"4","sectionType":"section","heading":"Review fees","content":"#### 4 Review fees\n\n Fees\n (1) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are prescribed in relation to review dates for a company, registered scheme or notified foreign passport fund mentioned in an item of the table in clause 1 of Schedule 1 if the fees are to be paid annually.\n (2) For subsection 5 (1) of the Corporations (Review Fees) Act 2003:\n (a) fees are prescribed in relation to review dates for a company, registered scheme or notified foreign passport fund mentioned in an item of the table in clause 2 of Schedule 1 if the fees are to be paid before the conduct of the review; and\n (b) a company, registered scheme or notified foreign passport fund that pays the fee prescribed by this subregulation 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, registered scheme or notified foreign passport fund pays the fee.\n (3) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are specified in relation to review dates for a company, registered scheme or notified foreign passport fund in the circumstances mentioned in the table in clause 3 of Schedule 1.\n Amount of fees\n (4) For subsection 6 (1) of the Corporations (Review Fees) Act 2003, the amount of a review fee for a company, registered scheme or notified foreign passport fund is:\n (a) if subregulation 5 (2) applies to the fee—zero; and\n (b) if subregulation (5), (6) or (7) applies:\n (i) the amount specified in that subregulation (subject to subparagraph (ii) of this paragraph); or\n (ii) if the amount specified in that subregulation is more than $10,000—$10,000.\n\n> Note: Regulation 5 applies if the effect of a change of review date is that there will be 2 review dates for the company, scheme or fund in a financial year.\n\n (5) In the financial year starting on 1 July 2024, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount mentioned in the item of the table in Schedule 1 that applies in relation to the company, scheme or fund and the review fee.\n (6) In the financial year starting on 1 July 2025, or a subsequent 1 July, if the latest CPI number is greater than the earlier CPI number, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount worked out using the formula:\n ![Start formula start fraction previous indexable amount times latest CPI number over earlier CPI number end fraction end formula](image.002.png)\n where:\n\n> previous indexable amount is the amount of the review fee for the company, registered scheme or notified foreign passport fund that was applicable immediately before that 1 July.\n\n (7) In the financial year starting on 1 July 2025, or a subsequent 1 July, if the latest CPI number is not greater than the earlier CPI number, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount of the review fee that was applicable immediately before that 1 July.\n (8) If, apart from this subregulation, the amount specified under subregulation (6) 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.\n (9) For this regulation:\n (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\n (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.\n (10) In this regulation:\n\n> 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.\n\n> earlier CPI number is the CPI number for the March quarter 2 financial years before the relevant financial year begins.\n\n> latest CPI number is the CPI number for the last March quarter before the relevant financial year begins.","sortOrder":4},{"sectionNumber":"5","sectionType":"section","heading":"No fee for second review date in a financial year","content":"#### 5 No fee for second review date in a financial year\n\n (1) This regulation applies if:\n (a) a company, responsible entity of a registered scheme or operator of a notified foreign passport fund changes the review date for the company, scheme or fund under section 345B of the Act; and\n (b) the effect of the change of review date is that there will be 2 review dates for the company, scheme or fund in a financial year.\n (2) For subsection 6 (1) of the Corporations (Review Fees) Act 2003, no review fee is prescribed for the second of the review dates mentioned in paragraph (1) (b).","sortOrder":5},{"sectionNumber":"Part 3","sectionType":"part","heading":"Application, saving and transitional provisions","content":"## Part 1—Preliminary\n\n#### 1 Name of Regulations\n\n These Regulations are the Corporations (Review Fees) Regulations 2003.\n\n#### 3 Definitions\n\n (1) In these Regulations:\n\n> Act means the Corporations Act 2001.\n\n> financial year means a period of 12 months starting on 1 July.\n\n> small transferring financial institution means a transferring financial institution of a State or Territory:\n\n (a) for which a review date applies in accordance with sections 345A, 345B and 345C of the Act; and\n (b) for which any of the following circumstances exists on 1 July immediately before that review date:\n (i) a levy under the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 or the Life Insurance Supervisory Levy Imposition Act 1998 is not payable;\n (ii) the minimum levy amount determined under subsection 7 (3) of the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 is payable;\n (iii) the minimum levy amount determined under subsection 7 (3) of the Life Insurance Supervisory Levy Imposition Act 1998 is payable.\n\n> special purpose company means:\n\n (a) a company holding a licence that is continued in force by section 151 of the Act and allows the company to omit ‘Limited’ from its name; or\n (b) in the case of a company limited by guarantee, or by both shares and guarantee, that was registered immediately before the commencement of this paragraph—if the constitution of the company states that the company:\n (i) is formed for the purpose of providing recreation or amusement or promoting commerce, industry, art, science, religion, charity, patriotism, pension or superannuation schemes or any other object useful to the community; and\n (ii) applies its profits (if any) or other income in promoting its purpose; and\n (iii) prohibits the distribution of its income or property to its members; or\n (c) a company that, under subsection 150 (1) of the Act, is registered without ‘Limited’ in its name; or\n (d) a company the constitution of which:\n (i) requires the company to pursue charitable purposes only and to apply its income in promoting those purposes; and\n (ii) prohibits the company making distributions to its members and paying fees to its directors; and\n (iii) requires its directors to approve all other payments the company makes to them; or\n (e) a proprietary company, if:\n (i) the company is the proprietor of land on which a building divided into separate residential areas and areas for common use is erected; and\n (ii) the members of the company are entitled, because of the shares they hold in the company, to the exclusive occupation of 1 or more of the residential areas and to the use of the common areas; and\n (iii) the company only operates to facilitate and enforce the rights of company members in relation to the exclusive occupation of the residential areas and to maintain the common areas; or\n (f) a company, other than a company mentioned in paragraph (a), (b), (c), (d) or (e), if:\n (i) the constitution of the company prohibits distribution of the company’s income or property to its members; and\n (ii) the sole purpose of the company is to act as the trustee of a regulated superannuation fund within the meaning of section 19 of the Superannuation Industry (Supervision) Act 1993.\n\n> transferring financial institution of a State or Territory has the meaning given by clause 1 of Schedule 4 to the Act.\n\n (2) Other expressions used in these Regulations that are defined in the Act have the same meanings as they have in that Act.\n\n## Part 2—Review fees\n\n#### 4 Review fees\n\n Fees\n (1) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are prescribed in relation to review dates for a company, registered scheme or notified foreign passport fund mentioned in an item of the table in clause 1 of Schedule 1 if the fees are to be paid annually.\n (2) For subsection 5 (1) of the Corporations (Review Fees) Act 2003:\n (a) fees are prescribed in relation to review dates for a company, registered scheme or notified foreign passport fund mentioned in an item of the table in clause 2 of Schedule 1 if the fees are to be paid before the conduct of the review; and\n (b) a company, registered scheme or notified foreign passport fund that pays the fee prescribed by this subregulation 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, registered scheme or notified foreign passport fund pays the fee.\n (3) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are specified in relation to review dates for a company, registered scheme or notified foreign passport fund in the circumstances mentioned in the table in clause 3 of Schedule 1.\n Amount of fees\n (4) For subsection 6 (1) of the Corporations (Review Fees) Act 2003, the amount of a review fee for a company, registered scheme or notified foreign passport fund is:\n (a) if subregulation 5 (2) applies to the fee—zero; and\n (b) if subregulation (5), (6) or (7) applies:\n (i) the amount specified in that subregulation (subject to subparagraph (ii) of this paragraph); or\n (ii) if the amount specified in that subregulation is more than $10,000—$10,000.\n\n> Note: Regulation 5 applies if the effect of a change of review date is that there will be 2 review dates for the company, scheme or fund in a financial year.\n\n (5) In the financial year starting on 1 July 2024, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount mentioned in the item of the table in Schedule 1 that applies in relation to the company, scheme or fund and the review fee.\n (6) In the financial year starting on 1 July 2025, or a subsequent 1 July, if the latest CPI number is greater than the earlier CPI number, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount worked out using the formula:\n ![Start formula start fraction previous indexable amount times latest CPI number over earlier CPI number end fraction end formula](image.002.png)\n where:\n\n> previous indexable amount is the amount of the review fee for the company, registered scheme or notified foreign passport fund that was applicable immediately before that 1 July.\n\n (7) In the financial year starting on 1 July 2025, or a subsequent 1 July, if the latest CPI number is not greater than the earlier CPI number, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount of the review fee that was applicable immediately before that 1 July.\n (8) If, apart from this subregulation, the amount specified under subregulation (6) 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.\n (9) For this regulation:\n (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\n (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.\n (10) In this regulation:\n\n> 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.\n\n> earlier CPI number is the CPI number for the March quarter 2 financial years before the relevant financial year begins.\n\n> latest CPI number is the CPI number for the last March quarter before the relevant financial year begins.\n\n#### 5 No fee for second review date in a financial year\n\n (1) This regulation applies if:\n (a) a company, responsible entity of a registered scheme or operator of a notified foreign passport fund changes the review date for the company, scheme or fund under section 345B of the Act; and\n (b) the effect of the change of review date is that there will be 2 review dates for the company, scheme or fund in a financial year.\n (2) For subsection 6 (1) of the Corporations (Review Fees) Act 2003, no review fee is prescribed for the second of the review dates mentioned in paragraph (1) (b).\n\n## Part 3—Application, saving and transitional provisions\n\n### Division 1—Amendments made by the Corporations (Review Fees) Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022\n\n#### 6 Indexation of review fees for CCIVs\n\n (1) Despite subregulations 4(4), (6) and (7), in the financial year starting on 1 July 2022, the amount of a review fee prescribed in relation to review dates for a company mentioned in item 102A of the table in Part 1 or 1A of Schedule 1, as inserted by the amending regulations, is the amount mentioned in column 3 of the item in that Part for the company.\n (2) In this regulation:\n\n> amending regulations means the Corporations (Review Fees) Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022.\n\n### Division 2—Amendments made by the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025\n\n#### 7 Application and transitional provisions\n\n Upfront fees\n (1) To avoid doubt, if:\n (a) before the commencement of the amending regulations, a company, registered scheme or notified foreign passport fund paid in relation to a review date a fee prescribed by subregulation 4(2), as in force at the time the payment was made; and\n (b) at that time, the company, scheme or fund was mentioned in an item of Part 1A of Schedule 1 to these Regulations; and\n (c) the payment was made before the conduct of the review relating to the review date;\n then subregulation 4(2), as amended by the amending regulations, applies in relation to the company, scheme or fund at and after the commencement of the amending regulations as if it had paid the fee prescribed by that subregulation before the conduct of the review.\n Fee amounts\n (2) The amendment of subregulation 4(5) made by the amending regulations applies in relation to a review fee in the financial year starting on 1 July 2024 for a review date that occurs at or after the commencement of the amending regulations.\n (3) The amendments of subregulations 4(6) and (7) made by the amending regulations apply in relation to review fees in a financial year starting on or after 1 July 2025.\n (4) For the purposes of subregulations 4(6) and (7), the amount of a review fee applicable immediately before 1 July 2025 is taken to be the amount applicable under Schedule 1 as amended by the amending regulations.\n Definitions\n (5) In this regulation:\n\n> amending regulations means the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025.","sortOrder":6},{"sectionNumber":"Division 1","sectionType":"division","heading":"Amendments made by the Corporations (Review Fees) Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022","content":"## Part 1—Preliminary\n\n#### 1 Name of Regulations\n\n These Regulations are the Corporations (Review Fees) Regulations 2003.\n\n#### 3 Definitions\n\n (1) In these Regulations:\n\n> Act means the Corporations Act 2001.\n\n> financial year means a period of 12 months starting on 1 July.\n\n> small transferring financial institution means a transferring financial institution of a State or Territory:\n\n (a) for which a review date applies in accordance with sections 345A, 345B and 345C of the Act; and\n (b) for which any of the following circumstances exists on 1 July immediately before that review date:\n (i) a levy under the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 or the Life Insurance Supervisory Levy Imposition Act 1998 is not payable;\n (ii) the minimum levy amount determined under subsection 7 (3) of the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 is payable;\n (iii) the minimum levy amount determined under subsection 7 (3) of the Life Insurance Supervisory Levy Imposition Act 1998 is payable.\n\n> special purpose company means:\n\n (a) a company holding a licence that is continued in force by section 151 of the Act and allows the company to omit ‘Limited’ from its name; or\n (b) in the case of a company limited by guarantee, or by both shares and guarantee, that was registered immediately before the commencement of this paragraph—if the constitution of the company states that the company:\n (i) is formed for the purpose of providing recreation or amusement or promoting commerce, industry, art, science, religion, charity, patriotism, pension or superannuation schemes or any other object useful to the community; and\n (ii) applies its profits (if any) or other income in promoting its purpose; and\n (iii) prohibits the distribution of its income or property to its members; or\n (c) a company that, under subsection 150 (1) of the Act, is registered without ‘Limited’ in its name; or\n (d) a company the constitution of which:\n (i) requires the company to pursue charitable purposes only and to apply its income in promoting those purposes; and\n (ii) prohibits the company making distributions to its members and paying fees to its directors; and\n (iii) requires its directors to approve all other payments the company makes to them; or\n (e) a proprietary company, if:\n (i) the company is the proprietor of land on which a building divided into separate residential areas and areas for common use is erected; and\n (ii) the members of the company are entitled, because of the shares they hold in the company, to the exclusive occupation of 1 or more of the residential areas and to the use of the common areas; and\n (iii) the company only operates to facilitate and enforce the rights of company members in relation to the exclusive occupation of the residential areas and to maintain the common areas; or\n (f) a company, other than a company mentioned in paragraph (a), (b), (c), (d) or (e), if:\n (i) the constitution of the company prohibits distribution of the company’s income or property to its members; and\n (ii) the sole purpose of the company is to act as the trustee of a regulated superannuation fund within the meaning of section 19 of the Superannuation Industry (Supervision) Act 1993.\n\n> transferring financial institution of a State or Territory has the meaning given by clause 1 of Schedule 4 to the Act.\n\n (2) Other expressions used in these Regulations that are defined in the Act have the same meanings as they have in that Act.\n\n## Part 2—Review fees\n\n#### 4 Review fees\n\n Fees\n (1) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are prescribed in relation to review dates for a company, registered scheme or notified foreign passport fund mentioned in an item of the table in clause 1 of Schedule 1 if the fees are to be paid annually.\n (2) For subsection 5 (1) of the Corporations (Review Fees) Act 2003:\n (a) fees are prescribed in relation to review dates for a company, registered scheme or notified foreign passport fund mentioned in an item of the table in clause 2 of Schedule 1 if the fees are to be paid before the conduct of the review; and\n (b) a company, registered scheme or notified foreign passport fund that pays the fee prescribed by this subregulation 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, registered scheme or notified foreign passport fund pays the fee.\n (3) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are specified in relation to review dates for a company, registered scheme or notified foreign passport fund in the circumstances mentioned in the table in clause 3 of Schedule 1.\n Amount of fees\n (4) For subsection 6 (1) of the Corporations (Review Fees) Act 2003, the amount of a review fee for a company, registered scheme or notified foreign passport fund is:\n (a) if subregulation 5 (2) applies to the fee—zero; and\n (b) if subregulation (5), (6) or (7) applies:\n (i) the amount specified in that subregulation (subject to subparagraph (ii) of this paragraph); or\n (ii) if the amount specified in that subregulation is more than $10,000—$10,000.\n\n> Note: Regulation 5 applies if the effect of a change of review date is that there will be 2 review dates for the company, scheme or fund in a financial year.\n\n (5) In the financial year starting on 1 July 2024, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount mentioned in the item of the table in Schedule 1 that applies in relation to the company, scheme or fund and the review fee.\n (6) In the financial year starting on 1 July 2025, or a subsequent 1 July, if the latest CPI number is greater than the earlier CPI number, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount worked out using the formula:\n ![Start formula start fraction previous indexable amount times latest CPI number over earlier CPI number end fraction end formula](image.002.png)\n where:\n\n> previous indexable amount is the amount of the review fee for the company, registered scheme or notified foreign passport fund that was applicable immediately before that 1 July.\n\n (7) In the financial year starting on 1 July 2025, or a subsequent 1 July, if the latest CPI number is not greater than the earlier CPI number, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount of the review fee that was applicable immediately before that 1 July.\n (8) If, apart from this subregulation, the amount specified under subregulation (6) 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.\n (9) For this regulation:\n (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\n (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.\n (10) In this regulation:\n\n> 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.\n\n> earlier CPI number is the CPI number for the March quarter 2 financial years before the relevant financial year begins.\n\n> latest CPI number is the CPI number for the last March quarter before the relevant financial year begins.\n\n#### 5 No fee for second review date in a financial year\n\n (1) This regulation applies if:\n (a) a company, responsible entity of a registered scheme or operator of a notified foreign passport fund changes the review date for the company, scheme or fund under section 345B of the Act; and\n (b) the effect of the change of review date is that there will be 2 review dates for the company, scheme or fund in a financial year.\n (2) For subsection 6 (1) of the Corporations (Review Fees) Act 2003, no review fee is prescribed for the second of the review dates mentioned in paragraph (1) (b).\n\n## Part 3—Application, saving and transitional provisions\n\n### Division 1—Amendments made by the Corporations (Review Fees) Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022\n\n#### 6 Indexation of review fees for CCIVs\n\n (1) Despite subregulations 4(4), (6) and (7), in the financial year starting on 1 July 2022, the amount of a review fee prescribed in relation to review dates for a company mentioned in item 102A of the table in Part 1 or 1A of Schedule 1, as inserted by the amending regulations, is the amount mentioned in column 3 of the item in that Part for the company.\n (2) In this regulation:\n\n> amending regulations means the Corporations (Review Fees) Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022.\n\n### Division 2—Amendments made by the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025\n\n#### 7 Application and transitional provisions\n\n Upfront fees\n (1) To avoid doubt, if:\n (a) before the commencement of the amending regulations, a company, registered scheme or notified foreign passport fund paid in relation to a review date a fee prescribed by subregulation 4(2), as in force at the time the payment was made; and\n (b) at that time, the company, scheme or fund was mentioned in an item of Part 1A of Schedule 1 to these Regulations; and\n (c) the payment was made before the conduct of the review relating to the review date;\n then subregulation 4(2), as amended by the amending regulations, applies in relation to the company, scheme or fund at and after the commencement of the amending regulations as if it had paid the fee prescribed by that subregulation before the conduct of the review.\n Fee amounts\n (2) The amendment of subregulation 4(5) made by the amending regulations applies in relation to a review fee in the financial year starting on 1 July 2024 for a review date that occurs at or after the commencement of the amending regulations.\n (3) The amendments of subregulations 4(6) and (7) made by the amending regulations apply in relation to review fees in a financial year starting on or after 1 July 2025.\n (4) For the purposes of subregulations 4(6) and (7), the amount of a review fee applicable immediately before 1 July 2025 is taken to be the amount applicable under Schedule 1 as amended by the amending regulations.\n Definitions\n (5) In this regulation:\n\n> amending regulations means the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025.","sortOrder":7},{"sectionNumber":"6","sectionType":"section","heading":"Indexation of review fees for CCIVs","content":"#### 6 Indexation of review fees for CCIVs\n\n (1) Despite subregulations 4(4), (6) and (7), in the financial year starting on 1 July 2022, the amount of a review fee prescribed in relation to review dates for a company mentioned in item 102A of the table in Part 1 or 1A of Schedule 1, as inserted by the amending regulations, is the amount mentioned in column 3 of the item in that Part for the company.\n (2) In this regulation:\n\n> amending regulations means the Corporations (Review Fees) Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022.","sortOrder":8},{"sectionNumber":"Division 2","sectionType":"division","heading":"Amendments made by the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025","content":"## Part 1—Preliminary\n\n#### 1 Name of Regulations\n\n These Regulations are the Corporations (Review Fees) Regulations 2003.\n\n#### 3 Definitions\n\n (1) In these Regulations:\n\n> Act means the Corporations Act 2001.\n\n> financial year means a period of 12 months starting on 1 July.\n\n> small transferring financial institution means a transferring financial institution of a State or Territory:\n\n (a) for which a review date applies in accordance with sections 345A, 345B and 345C of the Act; and\n (b) for which any of the following circumstances exists on 1 July immediately before that review date:\n (i) a levy under the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 or the Life Insurance Supervisory Levy Imposition Act 1998 is not payable;\n (ii) the minimum levy amount determined under subsection 7 (3) of the Authorised Deposit‑taking Institutions Supervisory Levy Imposition Act 1998 is payable;\n (iii) the minimum levy amount determined under subsection 7 (3) of the Life Insurance Supervisory Levy Imposition Act 1998 is payable.\n\n> special purpose company means:\n\n (a) a company holding a licence that is continued in force by section 151 of the Act and allows the company to omit ‘Limited’ from its name; or\n (b) in the case of a company limited by guarantee, or by both shares and guarantee, that was registered immediately before the commencement of this paragraph—if the constitution of the company states that the company:\n (i) is formed for the purpose of providing recreation or amusement or promoting commerce, industry, art, science, religion, charity, patriotism, pension or superannuation schemes or any other object useful to the community; and\n (ii) applies its profits (if any) or other income in promoting its purpose; and\n (iii) prohibits the distribution of its income or property to its members; or\n (c) a company that, under subsection 150 (1) of the Act, is registered without ‘Limited’ in its name; or\n (d) a company the constitution of which:\n (i) requires the company to pursue charitable purposes only and to apply its income in promoting those purposes; and\n (ii) prohibits the company making distributions to its members and paying fees to its directors; and\n (iii) requires its directors to approve all other payments the company makes to them; or\n (e) a proprietary company, if:\n (i) the company is the proprietor of land on which a building divided into separate residential areas and areas for common use is erected; and\n (ii) the members of the company are entitled, because of the shares they hold in the company, to the exclusive occupation of 1 or more of the residential areas and to the use of the common areas; and\n (iii) the company only operates to facilitate and enforce the rights of company members in relation to the exclusive occupation of the residential areas and to maintain the common areas; or\n (f) a company, other than a company mentioned in paragraph (a), (b), (c), (d) or (e), if:\n (i) the constitution of the company prohibits distribution of the company’s income or property to its members; and\n (ii) the sole purpose of the company is to act as the trustee of a regulated superannuation fund within the meaning of section 19 of the Superannuation Industry (Supervision) Act 1993.\n\n> transferring financial institution of a State or Territory has the meaning given by clause 1 of Schedule 4 to the Act.\n\n (2) Other expressions used in these Regulations that are defined in the Act have the same meanings as they have in that Act.\n\n## Part 2—Review fees\n\n#### 4 Review fees\n\n Fees\n (1) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are prescribed in relation to review dates for a company, registered scheme or notified foreign passport fund mentioned in an item of the table in clause 1 of Schedule 1 if the fees are to be paid annually.\n (2) For subsection 5 (1) of the Corporations (Review Fees) Act 2003:\n (a) fees are prescribed in relation to review dates for a company, registered scheme or notified foreign passport fund mentioned in an item of the table in clause 2 of Schedule 1 if the fees are to be paid before the conduct of the review; and\n (b) a company, registered scheme or notified foreign passport fund that pays the fee prescribed by this subregulation 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, registered scheme or notified foreign passport fund pays the fee.\n (3) For subsection 5 (1) of the Corporations (Review Fees) Act 2003, fees are specified in relation to review dates for a company, registered scheme or notified foreign passport fund in the circumstances mentioned in the table in clause 3 of Schedule 1.\n Amount of fees\n (4) For subsection 6 (1) of the Corporations (Review Fees) Act 2003, the amount of a review fee for a company, registered scheme or notified foreign passport fund is:\n (a) if subregulation 5 (2) applies to the fee—zero; and\n (b) if subregulation (5), (6) or (7) applies:\n (i) the amount specified in that subregulation (subject to subparagraph (ii) of this paragraph); or\n (ii) if the amount specified in that subregulation is more than $10,000—$10,000.\n\n> Note: Regulation 5 applies if the effect of a change of review date is that there will be 2 review dates for the company, scheme or fund in a financial year.\n\n (5) In the financial year starting on 1 July 2024, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount mentioned in the item of the table in Schedule 1 that applies in relation to the company, scheme or fund and the review fee.\n (6) In the financial year starting on 1 July 2025, or a subsequent 1 July, if the latest CPI number is greater than the earlier CPI number, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount worked out using the formula:\n ![Start formula start fraction previous indexable amount times latest CPI number over earlier CPI number end fraction end formula](image.002.png)\n where:\n\n> previous indexable amount is the amount of the review fee for the company, registered scheme or notified foreign passport fund that was applicable immediately before that 1 July.\n\n (7) In the financial year starting on 1 July 2025, or a subsequent 1 July, if the latest CPI number is not greater than the earlier CPI number, the amount of a review fee for a company, registered scheme or notified foreign passport fund is the amount of the review fee that was applicable immediately before that 1 July.\n (8) If, apart from this subregulation, the amount specified under subregulation (6) 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.\n (9) For this regulation:\n (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\n (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.\n (10) In this regulation:\n\n> 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.\n\n> earlier CPI number is the CPI number for the March quarter 2 financial years before the relevant financial year begins.\n\n> latest CPI number is the CPI number for the last March quarter before the relevant financial year begins.\n\n#### 5 No fee for second review date in a financial year\n\n (1) This regulation applies if:\n (a) a company, responsible entity of a registered scheme or operator of a notified foreign passport fund changes the review date for the company, scheme or fund under section 345B of the Act; and\n (b) the effect of the change of review date is that there will be 2 review dates for the company, scheme or fund in a financial year.\n (2) For subsection 6 (1) of the Corporations (Review Fees) Act 2003, no review fee is prescribed for the second of the review dates mentioned in paragraph (1) (b).\n\n## Part 3—Application, saving and transitional provisions\n\n### Division 1—Amendments made by the Corporations (Review Fees) Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022\n\n#### 6 Indexation of review fees for CCIVs\n\n (1) Despite subregulations 4(4), (6) and (7), in the financial year starting on 1 July 2022, the amount of a review fee prescribed in relation to review dates for a company mentioned in item 102A of the table in Part 1 or 1A of Schedule 1, as inserted by the amending regulations, is the amount mentioned in column 3 of the item in that Part for the company.\n (2) In this regulation:\n\n> amending regulations means the Corporations (Review Fees) Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022.\n\n### Division 2—Amendments made by the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025\n\n#### 7 Application and transitional provisions\n\n Upfront fees\n (1) To avoid doubt, if:\n (a) before the commencement of the amending regulations, a company, registered scheme or notified foreign passport fund paid in relation to a review date a fee prescribed by subregulation 4(2), as in force at the time the payment was made; and\n (b) at that time, the company, scheme or fund was mentioned in an item of Part 1A of Schedule 1 to these Regulations; and\n (c) the payment was made before the conduct of the review relating to the review date;\n then subregulation 4(2), as amended by the amending regulations, applies in relation to the company, scheme or fund at and after the commencement of the amending regulations as if it had paid the fee prescribed by that subregulation before the conduct of the review.\n Fee amounts\n (2) The amendment of subregulation 4(5) made by the amending regulations applies in relation to a review fee in the financial year starting on 1 July 2024 for a review date that occurs at or after the commencement of the amending regulations.\n (3) The amendments of subregulations 4(6) and (7) made by the amending regulations apply in relation to review fees in a financial year starting on or after 1 July 2025.\n (4) For the purposes of subregulations 4(6) and (7), the amount of a review fee applicable immediately before 1 July 2025 is taken to be the amount applicable under Schedule 1 as amended by the amending regulations.\n Definitions\n (5) In this regulation:\n\n> amending regulations means the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025.","sortOrder":9},{"sectionNumber":"7","sectionType":"section","heading":"Application and transitional provisions","content":"#### 7 Application and transitional provisions\n\n Upfront fees\n (1) To avoid doubt, if:\n (a) before the commencement of the amending regulations, a company, registered scheme or notified foreign passport fund paid in relation to a review date a fee prescribed by subregulation 4(2), as in force at the time the payment was made; and\n (b) at that time, the company, scheme or fund was mentioned in an item of Part 1A of Schedule 1 to these Regulations; and\n (c) the payment was made before the conduct of the review relating to the review date;\n then subregulation 4(2), as amended by the amending regulations, applies in relation to the company, scheme or fund at and after the commencement of the amending regulations as if it had paid the fee prescribed by that subregulation before the conduct of the review.\n Fee amounts\n (2) The amendment of subregulation 4(5) made by the amending regulations applies in relation to a review fee in the financial year starting on 1 July 2024 for a review date that occurs at or after the commencement of the amending regulations.\n (3) The amendments of subregulations 4(6) and (7) made by the amending regulations apply in relation to review fees in a financial year starting on or after 1 July 2025.\n (4) For the purposes of subregulations 4(6) and (7), the amount of a review fee applicable immediately before 1 July 2025 is taken to be the amount applicable under Schedule 1 as amended by the amending regulations.\n Definitions\n (5) In this regulation:\n\n> amending regulations means the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025.","sortOrder":10},{"sectionNumber":"2","sectionType":"section","heading":"Upfront fees","content":"#### 2 Upfront fees\n\n The following table sets out amounts for the purposes of working out review fees for companies, registered schemes and notified foreign passport funds if the fees are to be paid before the conduct of the review:\n\n```html\n

Upfront fees

Item

Company, registered scheme or notified foreign passport fund

Amount

1

A public company, except a special purpose company or a small transferring financial institution

$10,000

2

A proprietary company, except a special purpose company

$2,381

3

A CCIV, except a special purpose company

$10,000

4

A special purpose company that is not a proprietary company

$446

5

A special purpose company that is a proprietary company

$452

6

A registered scheme or notified foreign passport fund

$10,000

\n```","sortOrder":12}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":true,"description":"Originally focused on standard company review fees, the legislation has expanded significantly to cover: Corporate Collective Investment Vehicles (CCIVs) added in 2022; notified foreign passport funds; more complex transitional arrangements for multiple amendment tranches; and detailed CPI indexation machinery. The 'special purpose company' definition has also grown from a simple concept to a six-part test covering strata companies, superannuation trustees, and various charitable structures."},"complexity_factors":["Multiple fee categories (annual, upfront, late) with different calculation methods","Complex definition of 'special purpose company' with 6 nested sub-paragraphs (a)-(f), each with multiple conditions","CPI indexation formula with rounding rules and reference base change provisions","Cross-references to at least 4 other Acts (Corporations Act 2001, Superannuation Industry (Supervision) Act 1993, and two levy imposition acts)","Transitional provisions dealing with amendments from 2022 and 2025, including 'despite' clauses that override main provisions","Conditional logic for fee calculation: zero fee if reg 5(2) applies, capped at $10,000, different rules for 2024 vs 2025+","Definition of 'small transferring financial institution' requires checking levy status under separate legislation"],"plain_english_summary":"This legislation sets out the fees that Australian companies, registered schemes (like managed investment schemes), and notified foreign passport funds must pay to ASIC for their annual review. Think of it as the government's price list for keeping your company registration active.\n\n**Key things this law does:**\n\n- **Sets annual fees** ranging from $61 for special purpose companies up to $1,492 for public companies, proprietary companies, and investment schemes. Some entities pay nothing—like companies in liquidation, registered charities, or schemes being wound up.\n\n- **Offers an upfront payment option** where companies can pay a larger fee once (between $446 and $10,000 depending on type) and then not pay review fees for 10 years.\n\n- **Charges late fees** if you miss the deadline: $96 if you're up to a month late, or $401 if you're more than a month late.\n\n- **Automatically adjusts fees for inflation** from 1 July 2025 onwards using the Consumer Price Index (CPI), with a $10,000 cap on any single fee.\n\n- **Defines 'special purpose companies'** that get cheaper rates—including charities, strata title companies, superannuation trustees, and certain recreational or community organisations.\n\n**Who it affects:** Anyone who runs an Australian company, registered managed investment scheme, or foreign fund operating here. If you've ever paid an ASIC annual review fee, this is the law that determines how much you owe."},"flash_summary":{"complexity_score":5,"scope_assessment":{"changed":true,"description":"The regulations retain their core scope of prescribing review fees but were amended to: (a) add a CCIV‑specific indexation exception for 2022 (reg 6); (b) fix fee amounts for the 2024 year and put CPI indexation in place from 1 July 2025 with rounding and a $10,000 cap (reg 4(5)–(7)); and (c) clarify transitional treatment of upfront pre‑payments and Part 1A items so prior upfront payments continue to operate after the 2025 amending regulations (reg 7)."},"complexity_factors":["Multiple fee types and rates: annual, upfront (pre‑paid) and late fees with different amounts (Schedule 1 parts 1 and 2; reg 3).","Detailed entity classification: many categories (public, proprietary, CCIV, special purpose, small transferring financial institution, registered schemes, liquidation, charities) that determine fee liability (definitions in reg 3; Schedule 1).","Indexation mechanics: CPI formula for annual adjustments (reg 4(6)–(7)), with rules on which CPI numbers count and treatment when CPI falls (reg 4(9)).","Monetary rules: rounding conventions and an upper cap of $10,000 on indexed increases (reg 4(4)(b), 4(8)).","Exemptions and timing effects: no fee for second review date in a financial year (reg 5); some circumstances yield no fee (Schedule 1 items).","Upfront payment incentive: paying an upfront fee can exempt an entity from further fees for 10 years (reg 4(2)(b)), with transitional clarifications (reg 7(1)).","Cross‑references to other Acts and levies that affect definitions and eligibility (Corporations Act 2001, ADI/Life Insurance levy Acts) complicate scope (reg 3).","Transitional/amending provisions: special indexation for CCIVs (reg 6) and 2025 Measures modifying timing and baseline amounts (Division 2, regs 6–7)."],"plain_english_summary":"These regulations set the fees that companies, registered schemes and notified foreign passport funds must pay for statutory “review dates” under the Corporations (Review Fees) Act 2003. They specify annual, upfront and late fees, identify exempt categories, and set mechanics for updating amounts.\n\nFees come from tables in Schedule 1 and are index-linked from 2025 by the CPI (with rounding and a $10,000 cap); there are transitional rules (including special treatment for CCIVs and upfront pre‑payment arrangements)."}},"importantCases":[],"_links":{"self":"/api/acts/corporations-review-fees-regulations-2003","history":"/api/acts/corporations-review-fees-regulations-2003/history","analysis":"/api/acts/corporations-review-fees-regulations-2003/analysis","conflicts":"/api/acts/corporations-review-fees-regulations-2003/conflicts","importantCases":"/api/acts/corporations-review-fees-regulations-2003/important-cases","documents":"/api/acts/corporations-review-fees-regulations-2003/documents"}}