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ASIC Corporations (Time-sharing Schemes) Instrument 2017/272
210Fees and Costs Summary
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210 Fees and Costs Summary
Fees and other costs
As well as the cost of buying a membership in a registered time-sharing scheme, all members must pay levies and other ongoing fees and costs. You have to pay fees and costs even if you do not use your membership.
The table shows fees and costs that you may be charged for [insert membership option] which is the membership option held by the greatest number of members. Taxes are set out in another part of this document.
[Insert if relevant] Note: The cost of buying PAYG points needed to secure accommodation under the scheme is a separate cost and is not included in this table. The cost of PAYG points is shown at [insert cross-reference to Purchase Price and Upfront Fees and Costs Summary].
Some fees and costs such as transfer fees and forfeiture fees may be charged if these circumstances arise.
[Insert if relevant] The table includes the financing costs if you choose to enter into a financing arrangement facilitated by the responsible entity. The exact amount of financing costs will depend on your particular circumstances and will be disclosed separately by the person providing the financial accommodation. You may choose to obtain your own financing which is subject to fees and costs not disclosed in this table.
You should read all the information about fees and costs because it is important to understand the costs of your membership.
Fees and Costs Summary – [insert membership option]
<table cellspacing="0" cellpadding="0" style="width:356.65pt; margin-left:77.38pt; border-collapse:collapse"><tbody><tr><td style="width:172.95pt; border-top:2.25pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:2.25pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.4pt; margin-bottom:6pt; line-height:normal"><span style="font-weight:bold">Type of fee or cost</span><span style="font-size:7.33pt; font-weight:bold; vertical-align:super">1</span></p></td><td style="width:53pt; border-top:2.25pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:2.25pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.4pt; margin-bottom:6pt; line-height:normal"><span style="font-weight:bold">Amount</span></p></td><td style="width:96.05pt; border-top:2.25pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:2.25pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.4pt; margin-bottom:6pt; line-height:normal"><span style="font-weight:bold">How and when paid</span></p></td></tr><tr><td colspan="3" style="width:343.6pt; border:2.25pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top; background-color:#bfbfbf"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span style="font-weight:bold">Ongoing annual fees and costs (excluding special levies</span><span style="font-size:8pt; font-weight:bold; vertical-align:super">2</span><span style="font-weight:bold">)</span></p></td></tr><tr><td style="width:172.95pt; border-top:2.25pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.55pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">Levies</span></p><p style="margin-top:6pt; margin-left:1.55pt; margin-bottom:6pt; line-height:normal"><span>Fees to cover the budgeted costs of maintaining the property of the time-sharing scheme, managing the scheme and other services</span></p><p style="margin-top:6pt; margin-left:1.55pt; margin-bottom:6pt; line-height:normal"><span>[</span><span style="font-style:italic">Insert if relevant</span><span>] </span><span style="font-style:italic">See description below “How</span><span style="font-style:italic"> </span><span style="font-style:italic">annual levies are calculated” for the specific amount payable.</span></p></td><td style="width:53pt; border-top:2.25pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:2.25pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td style="width:172.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">Ongoing membership fee</span></p><p style="margin-top:6pt; margin-left:1.55pt; margin-bottom:6pt; line-height:normal"><span>Fees payable for being a member</span></p></td><td style="width:53pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td style="width:172.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.55pt; margin-bottom:6pt; line-height:normal"><span>[</span><span style="font-style:italic">Insert any other annual fees and costs items</span><span>]</span></p></td><td style="width:53pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td colspan="3" style="width:343.6pt; border-top:2.25pt solid #000000; border-right:2.25pt solid #000000; border-left:2.25pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top; background-color:#bfbfbf"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal"><span style="font-weight:bold">[</span><span style="font-weight:bold; font-style:italic">Insert if relevant</span><span style="font-weight:bold">]</span><span style="font-weight:bold; font-style:italic"> </span><span style="font-weight:bold">Financing related fees and costs</span></p></td></tr><tr><td style="width:172.95pt; border-top:1.5pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.55pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">Annual repayments for financing arrangements</span></p><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span>Based on borrowing the maximum portion of the total purchase price available at the maximum interest rate for the maximum loan term in relation to that interest rate.</span></p></td><td style="width:53pt; border-top:1.5pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:1.5pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td style="width:172.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">Ongoing financing costs</span></p><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span>The financing costs you have to pay on</span><span> </span><span>an</span><span> </span><span>ongoing basis in addition to your</span><span> </span><span>repayments</span></p></td><td style="width:53pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td style="width:172.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal"><span>[</span><span style="font-style:italic">Insert any other finance related fee or costs items</span><span>]</span></p></td><td style="width:53pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td colspan="3" style="width:343.6pt; border-top:2.25pt solid #000000; border-right:2.25pt solid #000000; border-left:2.25pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top; background-color:#bfbfbf"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal"><span style="font-weight:bold">Member activity related fees and costs</span><span style="font-size:7.33pt; vertical-align:super">3</span><span style="font-weight:bold"></span></p></td></tr><tr><td style="width:172.95pt; border-top:1.5pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">Accommodation usage fees</span><span style="font-size:7.33pt; vertical-align:super">4</span></p><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span>Fees payable to use accommodation</span></p></td><td style="width:53pt; border-top:1.5pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:1.5pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td style="width:172.95pt; border-top:1.5pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">Forfeiture fee</span><span style="font-size:7.33pt; vertical-align:super">5</span></p><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span>Fees payable if the responsible entity forfeits your timeshare</span></p></td><td style="width:53pt; border-top:1.5pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:1.5pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td style="width:172.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">Transfer fee</span></p><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span>Fees payable to transfer your membership</span></p></td><td style="width:53pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td style="width:172.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span>[</span><span style="font-style:italic">Insert if relevant</span><span>]</span></p><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">PAYG purchase fee</span></p><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span>Fees payable when you purchase PAYG points</span></p></td><td style="width:53pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr><tr><td style="width:172.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:2.25pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-left:2.35pt; margin-bottom:6pt; line-height:normal"><span style="font-style:italic">[Insert any other fee or cost items]</span></p></td><td style="width:53pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:2.25pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:96.05pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:2.25pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-left:1.6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr></tbody></table> ```