Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 9.4.03

Late payment of review fee--prescribed offence and penalty (Act s 1313 and 1364)

             (1)  For paragraph (b) of the definition of prescribed offence in subsection 1313(8) of the Act, the failure to pay a review fee by the due date specified for the fee in subsection 1351(3) of the Act is prescribed.

Note:          The failure to pay is made an offence by section 1311 of the Act.

             (2)  For paragraph 1364(2)(n) of the Act, 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:          Subsection 1351(3) of the Act provides for when a fee imposed by the Corporations (Review Fees) Act 2003 is due.

             (3)  In this regulation:

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

   



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