Corporations Amendment Regulations 2003 (No. 6) (194 of 2003)

Schedule 1   Amendments

[3]   After regulation 9.4.02

insert

9.4.03 Late payment of review fee - prescribed offence and penalty (Act s 1313 and 1364)

(1) For paragraph (b) of the definition of prescribed offence in subsection 1313 (8) of the Act, the failure to pay a review fee by the due date specified for the fee in subsection 1351 (3) of the Act is prescribed.

Note The failure to pay is made an offence by section 1311 of the Act.

(2) For paragraph 1364 (2) (n) of the Act, the penalty for the failure to pay a review fee is:

(a) if payment is received within 1 month after the due date - $65; and

(b) if payment is not received within 1 month after the due date - $270.

Note Subsection 1351 (3) of the Act provides for when a fee imposed by the Corporations (Review Fees) Act 2003 is due.

(3) In this regulation:

review fee means a fee imposed by section 5 of the Corporations (Review Fees) Act 2003.