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This is a Bill, not an Act. For current law, see the Acts databases.
1998-1999-2000-2001
The
Parliament of the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
Corporations
(Fees) Amendment Bill 2001
No. ,
2001
(Treasury)
A Bill
for an Act to amend the Corporations (Fees) Act 2001
ISBN: 0642 458723
Contents
A Bill for an Act to amend the Corporations (Fees) Act
2001
The Parliament of Australia enacts:
This Act may be cited as the Corporations (Fees) Amendment Act
2001.
This Act commences on the commencement of item 1 of Schedule 1
to the Financial Services Reform Act 2001.
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repealed as set out in the applicable items in the Schedule concerned, and any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.
1 Subsection 4(1) (at the end of the definition
of chargeable matter)
Add:
; (k) the performance by ASIC of:
(i) functions conferred on ASIC by the listing rules of a market as
required by subsection 798C(4); and
(ii) any other functions conferred on ASIC by arrangements entered into
under subsection 798C(2);
(l) the performance by ASIC of functions provided for in regulations as
mentioned in paragraph 798E(2)(b) of the Corporations Act 2001.
2 At the end of subsection
6(3)
Add “, except for a chargeable matter referred to in
paragraph (k) or (l) of the definition of chargeable matter
in subsection 4(1)”.
3 At the end of
section 6
Add:
(4) The fee, or the total of the fees, for chargeable matters referred to
in paragraph (k) of the definition of that term in subsection 4(1) that
relate to a particular market licensee must not exceed $100,000 in respect of
each period of 12 months during which ASIC performs functions referred to in
that paragraph in relation to that market licensee.
(5) The fee, or the total of the fees, for chargeable matters referred to
in paragraph (l) of the definition of that term in subsection 4(1) that
relate to a particular market licensee and a particular conflict, or potential
conflict, of a kind referred to in subsection 798E(1) of the Corporations Act
2001, must not exceed $100,000 in respect of each period of 12 months during
which ASIC performs functions referred to in that paragraph in relation to that
market licensee and that conflict or potential conflict.
4
At the end of subsection 7(1)
Add:
; (k) for a chargeable matter referred to in paragraph (k) of that
definition:
(i) person liable—the market licensee affected; and
(ii) time liability incurred—the time or times determined in
accordance with the regulations;
(l) for a chargeable matter referred to in paragraph (l) of that
definition:
(i) person liable—the market licensee affected; and
(ii) time liability incurred—the time or times determined in
accordance with the regulations.