4Review fees

4 Review fees

Fees (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. (2) For subsection 5 (1) of the Corporations (Review Fees) Act 2003: (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 (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. (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. Amount of fees (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: (a) if subregulation 5 (2) applies to the fee—zero; and (b) if subregulation (5), (6) or (7) applies: (i) the amount specified in that subregulation (subject to subparagraph (ii) of this paragraph); or (ii) if the amount specified in that subregulation is more than $10,000—$10,000.

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.

(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. (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: Start formula start fraction previous indexable amount times latest CPI number over earlier CPI number end fraction end formula where:

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.

(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. (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. (9) For this regulation: (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 (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. (10) In this regulation: