Federal Register of Legislation - Australian Government

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Corporations (Fees) Amendment Act 2011

Authoritative Version
  • - C2011A00144
  • In force - Latest Version
Act No. 144 of 2011 as made
An Act to amend the Corporations (Fees) Act 2001, and for related purposes
Administered by: Treasury
Originating Bill: Corporations (Fees) Amendment Bill 2011
Registered 13 Dec 2011
Date of Assent 29 Nov 2011
Table of contents.

 

 

 

 

 

 

Corporations (Fees) Amendment Act 2011

 

No. 144, 2011

 

 

 

 

 

An Act to amend the Corporations (Fees) Act 2001, and for related purposes

  

  


Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Schedule(s)......................................................................................... 2

Schedule 1—Fees and financial market supervision                                        3

Corporations (Fees) Act 2001                                                                                  3


 

 

Corporations (Fees) Amendment Act 2011

No. 144, 2011

 

 

 

An Act to amend the Corporations (Fees) Act 2001, and for related purposes

[Assented to 29 November 2011]

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Corporations (Fees) Amendment Act 2011.

2  Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

29 November 2011

2.  Schedule 1

The later of:

(a) the day this Act receives the Royal Assent; and

(b) 1 January 2012.

1 January 2012

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3  Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.


 

Schedule 1Fees and financial market supervision

  

Corporations (Fees) Act 2001

1  Subsection 4(1) (paragraph (m) of the definition of chargeable matter)

Omit “its functions”, substitute “its functions in relation to the operator of a licensed market”.

2  Subsection 4(1) (paragraph (m) of the definition of chargeable matter)

Omit “2001.”, substitute “2001;”.

3  Subsection 4(1) (at the end of the definition of chargeable matter)

Add:

                     (n)  the performance by ASIC of its functions in relation to a participant in a licensed market under Part 7.2A (Supervision of financial markets) of the Corporations Act 2001.

4  Subsection 6(6)

Omit “paragraph (m)”, substitute “paragraph (m) or (n)”.

5  Subsection 6A(1)

Omit “paragraph (m)”, substitute “paragraph (m) or (n)”.

6  Subparagraph 7(1)(m)(ii)

Omit “regulations.”, substitute “regulations;”.

7  At the end of subsection 7(1)

Add:

                     (n)  for a chargeable matter referred to in paragraph (n) of that definition:

                              (i)  person liable—the participant in a licensed market; and

                             (ii)  time liability incurred—the time or times determined in accordance with the regulations.

 

[Minister’s second reading speech made in—

House of Representatives on 18 August 2011

Senate on 3 November 2011]

(155/11)