Part 7Miscellaneous

Part 7 Miscellaneous

47 Fees

(1) The following fees are payable under the scheme:

(a) for registration of a transaction mentioned in subsection 33 (2) involving a unit in a payment right (subsection 33 (5)) — $50;

(b) for registration of the discharge of a charge over a unit (subsection 33 (5)) — $50;

(c) for inspection of an entry in the register, or issuing a copy of an entry in the register (section 34) — $50.

(2) However, the fee is not payable if the transaction, discharge inspection or issue takes place within 6 months after:

(a) the payment right containing the unit is granted; and

(b) the reconsideration and, if applicable, review periods for decisions in relation to the grant of the payment right have expired; and

(c) all requests for reconsideration of decisions in relation to the grant of the payment right have been dealt with; and

(d) any review by the Administrative Appeals Tribunal of a decision in relation to the grant of the payment right has been concluded.

(3) The fee mentioned in paragraph (1) (a) is payable by the transferor or entity granting the charge.

(4) The fee mentioned in paragraph (1) (b) is payable by the entity in whose favour the charge was granted.

(5) The fee mentioned in paragraph (1) (c) is payable by the entity inspecting the entry or receiving the copy.

(6) If an entity inspects an entry in the register, and asks for a copy of the same entry at the same time, the fee mentioned in paragraph (1) (c) is payable once only.