Commonwealth Consolidated Acts

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CORPORATIONS (FEES) ACT 2001 - SECT 6

Matters relating to amount of fees

  (1)   The regulations may prescribe a fee for a chargeable matter:

  (a)   by specifying an amount (not exceeding $200,000) as the fee; or

  (b)   by specifying a method for calculating the amount of the fee.

Note:   The limitation in paragraph   (a) applies separately to each fee imposed if more than one fee is prescribed for the same chargeable matter (see subsection   5(3)).

  (2)   The fee for a chargeable matter need not bear any relationship to the cost of providing any service that forms part of, or is related to, that matter.

  (3)   The fee, or the sum of the fees, for a chargeable matter must not exceed $300,000, except for a chargeable matter referred to in paragraph   (k) or (l) of the definition of chargeable matter in subsection   4(1).

  (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 $300,000 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 $300,000 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.



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