31Approved arrangements and QM certificates

31 Approved arrangements and QM certificates

Approved arrangements (1) The charge prescribed by item 1 or 2 in the table in section 17 applies in relation to an approved arrangement referred to in that item if: (a) the approved arrangement is in force on 1 December 2015; or (b) the approval of the arrangement takes effect on or after 1 December 2015. (2) If an arrangement referred to in item 1 or 2 in the table in section 17 is first approved between 1 December 2015 and 1 January 2016, then that item has effect, in relation to the approved arrangement and the financial year ending on 30 June 2016, as if the arrangement had been approved after 1 January 2016.

Note: The effect of subsection (2) is that the charge for the financial year ending on 30 June 2016 in relation to an arrangement referred to in item 1 or 2 in the table in section 17 that is first approved between 1 December 2015 and 1 January 2016 is the amount set out in paragraph (b) of column 2 of the applicable item.

QM certificates (3) The charge prescribed by item 3 in the table in section 17 applies in relation to a QM certificate if: (a) the QM certificate is in force on 1 December 2015; or (b) the QM certificate is issued on or after 1 December 2015. (4) If the fee referred to in suborder 4S(3) of the Export Control (Fees Orders 2001 (as in force immediately before 1 December 2015) was paid before that date in relation to a QM certificate for the financial year ending on 30 June 2016, the charge prescribed by item 3 in the table in section 17 of this instrument is taken to have been paid in relation to the QM certificate for that financial year.