Superannuation Industry (Supervision) Regulations 1994

PART 12 - PRE-1 JULY 1988 FUNDING CREDITS AND DEBITS  

REGULATION 12.09   APPLICATION FEES  

12.09(1)   [Prescribed fees]  

For the purposes of sub-paragraph 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:

0.002   ×   the amount of the PJFC;

(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.

12.09(2)   [Fee for shortfall-in-assets applications]  

A fee under paragraph (1)(b) must not be:

(a) less than $500; or

(b) more than $5,000.