Western Australian Current Acts

OFFSHORE MINERALS (REGISTRATION FEES) ACT 2003 - SECT 7

7 .         Transactions between related corporations

        (1)         Where —

            (a)         2 or more parties to a transfer or dealing to which a document relates are related corporations; and

            (b)         any of those parties holds a certificate under subsection (2) in respect of the document,

                no fee is payable under section 4 for the lodgment for registration of the document, but there is payable instead a fee of an amount prescribed for the purposes of this subsection.

        (2)         The Minister may, on application in writing, grant a certificate that the Minister is satisfied that a document —

            (a)         was, or is proposed to be, entered into solely for the purpose of the reorganisation or better administration of related corporations or any of them; and

            (b)         was not entered into, or is not proposed to be entered into, substantially for the purpose of avoiding or reducing the fees that would, but for the certificate, be payable under section 4 for the lodgment for registration of the document.

        (3)         The amount prescribed for the purposes of subsection (1) is not to exceed $20 000.

        (4)         In this section —

        related corporation means a related body corporate within the meaning of the Corporations Act 2001 of the Commonwealth.