5Fee for formulation of proposal—the Act, s 19(2)

5 Fee for formulation of proposal—the Act, s 19(2)

5 Fee for formulation of proposal—the Act, s 19(2)

(1) A fee is payable to the Commissioner for the formulation of a proposal for a dormant fund under the Act, section 11.

(2) The amount of the fee is 5% of the value of the dormant fund, as certified by the Commissioner under the Act, section 10.

(3) However, the Minister may reduce or waive the fee if the Minister considers it just and reasonable to do so.