Commonwealth Consolidated Regulations

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Penalty for failure to pay review fee on time--prescribed penalty (Act s 1364)

             (1)  This regulation is made for the purposes of paragraph 1364(2)(n) of the Act.

             (2)  The penalty for the failure to pay a review fee is:

                     (a)  if payment is received within 1 month after the due date--$65; and

                     (b)  if payment is not received within 1 month after the due date--$270.

Note:          The date on which a service fee is due and payable is worked out under subsection 1351(3) of the Act.

             (3)  In this regulation:

"review fee" means a fee imposed by section 5 of the Corporations (Review Fees) Act 2003 .


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