(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:
(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.