Commonwealth Consolidated Regulations

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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 12.09

Application fees

  (1)   For the purposes of subparagraph   342(3)(d)(ii) of the Act, the following application fees are prescribed:

  (a)   if the application is for a PJFC that consists of a late payment amount or is the aggregate of late payment amounts--$300;

  (b)   subject to subregulation   (2), if the application is for a PJFC that consists of a shortfall - in - assets amount or is the aggregate of shortfall - in - assets amounts, an amount calculated using the formula:

    Start formula 0.002 times the amount of the PJFC end formula;

  (c)   if an application is for a PJFC that includes:

  (i)   a late payment amount or the aggregate of late payment amounts; and

  (ii)   a shortfall - in - assets amount or the aggregate of shortfall - in - assets amounts;

    the fee prescribed in paragraph   (b), as if the PJFC consisted of a shortfall - in - assets amount or the aggregate of shortfall - in - assets amounts.

  (2)   A fee under paragraph   (1)(b) must not be:

  (a)   less than $500; or

  (b)   more than $5,000.



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