Proceeds of Crime Regulations 2019
PART 4
-
ADMINISTRATION
Division 2
-
Confiscated Assets Account
SECTION 23
ANNUAL MANAGEMENT FEE FOR CONFISCATED ASSETS ACCOUNT
23(1)
For the purposes of paragraph 297(f) of the Act, the annual management fee of $272,500 is specified for the 2019 calendar year and each later calendar year.
23(2)
The fee specified in subsection (1) is payable within 28 days after 27 December in the year to which the fee relates.
23(3)
A fee mentioned in this section is the price of the taxable supply within the meaning of the A New Tax System (Goods and Services Tax) Act 1999 .
For the purposes of paragraph 297(f) of the Act, the annual management fee of $272,500 is specified for the 2019 calendar year and each later calendar year.
23(2)
The fee specified in subsection (1) is payable within 28 days after 27 December in the year to which the fee relates.
23(3)
A fee mentioned in this section is the price of the taxable supply within the meaning of the A New Tax System (Goods and Services Tax) Act 1999 .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.