Commonwealth Consolidated Regulations

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CORPORATIONS (FEES) REGULATIONS 2001 - REG 3

Schedules 1 and 2

  (1)   For section   5 of the Act, a fee is prescribed for a chargeable matter mentioned in an item in Schedule   1 or 2, unless "no fee" appears in column 2 of the item in relation to the matter.

Note:   Fees for other chargeable matters are prescribed in Divisions   2 and 3 of this Part.

  (2)   The amount of the fee on or after 4   July 2018 is, subject to subregulations (3) to (5), the amount mentioned in column 2 of the item in relation to the matter.

Indexable matters

  (2A)   A chargeable matter is an indexable matter if it is mentioned in an item in Schedule   2, unless "no fee" appears in column 2 of the item in relation to the matter.

  (3)   In the financial year starting on or after 1   July 2019, if the latest CPI number is greater than the earlier CPI number, the fee for an indexable matter 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 fee for the indexable matter that was applicable immediately before that 1   July.

  (4)   In the financial year starting on or after 1   July 2019 if the latest CPI number is not greater than the earlier CPI number, the fee for an indexable matter is the amount of the fee for the indexable matter that was applicable immediately before that 1   July.

  (5)   If the amount worked out under subregulation   (3) is an amount of dollars and cents:

  (a)   if the amount of cents is at least 50 cents--the amount is to be rounded up to the nearest dollar; or

  (b)   otherwise--the amount is to be rounded down to the nearest dollar.

  (6)   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.

  (7)   In this regulation:

"CPI number" means the All Groups Consumer Price Index number (being the weighted average of the 8 Australian capital cities) published by the Australian Statistician.

"earlier CPI number" is the CPI number for the March quarter 2   financial years before the relevant financial year begins.

"latest CPI number" is the CPI number for the last March quarter before the relevant financial year begins.



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