Commonwealth Consolidated Acts

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CORPORATIONS (FEES) ACT 2001 - SECT 7

Who is liable to pay the fee for a chargeable matter, and time liability is incurred

  (1)   The person by whom a fee for a chargeable matter is payable, and the time at which they incur that liability, are as follows:

  (a)   for a chargeable matter referred to in paragraph   (a) of the definition of chargeable matter in subsection   4(1):

  (i)   person liable--the person who lodges the document; and

  (ii)   time liability incurred--when the document is lodged;

  (b)   for a chargeable matter referred to in paragraph   (b) of that definition:

  (i)   person liable--the person who requests registration of the document, or if there is no request, the person who lodges the document that is registered; and

  (ii)   time liability incurred--when the request for registration is made, or if there is no request, when the document is lodged;

  (c)   for a chargeable matter referred to in paragraph   (c) of that definition:

  (i)   person liable--the person who requests the inspection or search; and

  (ii)   time liability incurred--when the request is made;

  (d)   for a chargeable matter referred to in paragraph   (d) of that definition:

  (i)   person liable--the person who requests the information; and

  (ii)   time liability incurred--when the request is made;

  (e)   for a chargeable matter referred to in paragraph   (e) of that definition:

  (i)   person liable--the person who filed the subpoena; and

  (ii)   time liability incurred--when the subpoena is served on ASIC;

  (f)   for a chargeable matter referred to in paragraph   (f) of that definition:

  (i)   person liable--the person who requests the issue of the document (or copy), the grant of the licence, consent or approval, or the doing of the other act, or, if there is no such request, the person for whose benefit the act is done; and

  (ii)   time liability incurred--when the request is made, or if there is no request, when the act is done;

  (g)   for a chargeable matter referred to in paragraph   (g) of that definition:

  (i)   person liable--the person who makes the inquiry or application; and

  (ii)   time liability incurred--when the inquiry or application is made;

  (h)   for a chargeable matter referred to in paragraph   (h) of that definition:

  (i)   person liable--the person who submits the document; and

  (ii)   time liability incurred--when the document is submitted;

  (i)   for a chargeable matter referred to in paragraph   (i) of that definition:

  (i)   person liable--the person who makes the application; and

  (ii)   time liability incurred--when the application is made;

  (j)   for a chargeable matter referred to in paragraph   (j) of that definition:

  (i)   person liable--such party or parties to the proceedings before the Panel as the Panel determines (in accordance with subsection   (2)) is or are to pay the fee; and

  (ii)   time liability incurred--when the Panel makes that determination;

  (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;

  (m)   for a chargeable matter referred to in paragraph   (m) of that definition:

  (i)   person liable--the person who lodges the document; and

  (ii)   time liability incurred--when the document is lodged;

  (n)   for a chargeable matter referred to in paragraph   (n) of that definition:

  (i)   person liable--the person who makes the application; and

  (ii)   time liability incurred--when the application is made;

  (o)   for a chargeable matter referred to in paragraph   (o) of that definition:

  (i)   person liable--the person who makes the application; and

  (ii)   time liability incurred--when the application is made.

  (2)   A determination by the Panel for the purposes of subparagraph   (1)(j)(i) must be made in accordance with rules made by the Panel in writing for the purposes of that subparagraph.



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