Federal Register of Legislation - Australian Government

Primary content

Regulations as made
This regulation amends the Corporations (Fees) Regulation 2001 to align fees for registration as a liquidator with the current fees applying to registered trustees, reflect the replacement of current processes for the registration of a registered liquidator with the provisions under Division 20 of the Insolvency Law Reform Act 2016 (the Amending Act), reflect the repeal of a number of provisions under the Amending Act and the Corporations and Other Legislation Amendment (Insolvency Law Reform) Regulation 2016, and align fees for certain notices lodged by convenors of meetings during the external administration of companies.
Administered by: Treasury
Registered 12 Dec 2016
Tabling HistoryDate
Tabled HR07-Feb-2017
Tabled Senate07-Feb-2017
Date of repeal 02 Sep 2017
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

 

Corporations (Fees) Amendment Regulation 2016

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 08 December 2016

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Kelly O’Dwyer

Minister for Revenue and Financial Services

 

 

 

 

  

  


Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Corporations (Fees) Regulations 2001                                                                                             2

 


1  Name

                   This is the Corporations (Fees) Amendment Regulation 2016.

2  Commencement

             (1)  Each provision of this instrument 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

Provisions

Commencement

Date/Details

1.  Sections 1 to 4 and anything in this instrument not elsewhere covered by this table

At the same time as Schedule 1 to the Insolvency Law Reform Act 2016 commences.

1 March 2017

2. Schedule 1, items 1 to 4

At the same time as Schedule 1 to the Insolvency Law Reform Act 2016 commences.

1 March 2017

3. Schedule 1, items 5 to 11

1 September 2017.

1 September 2017

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

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

3  Authority

                   This instrument is made under the Corporations (Fees) Act 2001.

4  Schedules

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

Schedule 1Amendments

  

Corporations (Fees) Regulations 2001

1  Schedule 1 (table item 3)

Repeal the item, substitute:

 

3

On application under Part 9.2 for registration as an auditor:

 

 

(a) if the application is lodged electronically

$150

 

(b) if the application is not lodged electronically

$330

2  Schedule 1 (table item 4)

Repeal the item.

3  Schedule 1 (after table item 4A)

Insert:

 

4B

On lodging an application under section 20‑5 of Schedule 2 to the Act for registration as a liquidator

$2 200

4C

For the registration by ASIC of a person as a liquidator under section 20‑30 of Schedule 2 to the Act

$1 300

4D

On lodging an application under section 20‑70 of Schedule 2 to the Act for the renewal of registration as a liquidator:

 

 

(a) if the application is lodged more than 1 month before the renewal date

$1 700

 

(b) if the application is lodged within 1 month before the renewal date

$1 920

4  Schedule 1 (table item 31, column 2)

Omit “, or the Register of Official Liquidators”.

5  Schedule 1 (table item 34, column 2, paragraph (a))

Omit “, 1280(5), 1282(6) or 1283(2)”, substitute “or 1280(5), or subsection 20‑30(4) of Schedule 2”.

6  Schedule 1 (table item 42A, column 2, paragraph (c))

Repeal the paragraph.

7  Schedule 1 (table item 42A, column 2, paragraph (e))

Repeal the paragraph.

8  Schedule 1 (table item 42A, column 2, paragraph (i))

Repeal the paragraph.

9  Schedule 1 (table item 42B, column 2, after paragraph (a))

Insert:

(ab) regulation 5.4.01B;

10  Schedule 1 (after table item 42B)

Insert:

 

42BA

On electronically lodging a notice with ASIC for publication on ASIC’s publication website, as required by one of the following provisions of the Insolvency Practice Rules (Corporations) 2016:

(a) section 75‑40

(b) section 75‑135

$153

11  Schedule 1 (table item 42C, column 2)

Omit all the words after “as required by”, substitute “section 491 of the Act”.