7Application and transitional provisions

7 Application and transitional provisions

Upfront fees (1) To avoid doubt, if: (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 (b) at that time, the company, scheme or fund was mentioned in an item of Part 1A of Schedule 1 to these Regulations; and (c) the payment was made before the conduct of the review relating to the review date; 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. Fee amounts (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. (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. (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. Definitions (5) In this regulation:

amending regulations means the Corporations (Review Fees) Amendment (2025 Measures No. 1) Regulations 2025.