Chattel Securities (Fees) Regulations 2003
i
Chattel Securities (Fees) Regulations 2003
S.R. No. 46/2003
TABLE OF PROVISIONS
Regulation Page
1. Objective 1
2. Authorising provisions 1
3. Commencement 1
4. Substitution of regulation 6 1
6. Prescribed purchase price amount 1
5. Substitution of regulation 7 2
7. Fees for applications 2
6. Increase in fees for certificates 3
7. Revocation of regulation 12 3
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ENDNOTES 4
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1
STATUTORY RULES 2003
S.R. No. 46/2003
Chattel Securities Act 1987
Chattel Securities (Fees) Regulations 2003
The Governor in Council makes the following Regulations:
Dated: 27 May 2003
Responsible Minister:
PETER BATCHELOR
Minister for Transport
BRIAN TUKE
Acting Clerk of the Executive Council
1. Objective
The objective of these Regulations is to amend the
Chattel Securities Regulations 1997 to increase
certain fees and to replace redundant provisions.
2. Authorising provisions
These Regulations are made under sections 3(7),
12 and 28 of the Chattel Securities Act 1987.
3. Commencement
These Regulations come into operation on 1 July
2003.
4. Substitution of regulation 6
For regulation 6 of the Chattel Securities
Regulations 1997 1 substitute—
"6. Prescribed purchase price amount
The purchase price prescribed for the
purposes of section 7 is—
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(a) $20 000 for a purchase or purported
purchase made on or after 1 August
1987 and before 1 January 1998;
(b) $30 000 for a purchase or purported
purchase made on or after 1 January
1998.".
5. Substitution of regulation 7
For regulation 7 of the Chattel Securities
Regulations 1997 substitute—
"7. Fees for applications
The fee payable to the Corporation for an
application to register a security interest
under section 16 of the Act is—
(a) in the case of an application on-line and
in batch—
(i) if the application was made before
1 July 2003, $5.60;
(ii) if the application is made on or
after 1 July 2003, $6.00; and
(b) in the case of an application on a
magnetic tape—
(i) if the application was made before
1 July 2003, $5.70;
(ii) if the application is made on or
after 1 July 2003, $6.00; and
(c) in any other case—
(i) if the application was made before
1 July 2003, $10.20;
(ii) if the application is made on or
after 1 July 2003, $10.50.".
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6. Increase in fees for certificates
For regulation 10(1) of the Chattel Securities
Regulations 1997 substitute—
"(1) The fee payable in respect of an application
under section 24(1) of the Act is—
(a) if the customer has an account with the
Corporation—
(i) if the application was made before
1 July 2003, $6.40;
(ii) if the application is made on or
after 1 July 2003, $7.00; and
(b) in any other case—
(i) if the application was made before
1 July 2003, $7.50;
(ii) if the application is made on or
after 1 July 2003, $8.00.".
7. Revocation of regulation 12
Regulation 12 of the Chattel Securities
Regulations 1997 is revoked.
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ENDNOTES
1 Reg. 4: S.R. No. 93/1997.
Endnotes
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