MUTUAL FUNDS ACT, 1996

PART III

Annual Fees (Section 28 (1) and (2))

(A) Fee payable for the year in which registration, recognition or licence is granted pursuant to section 28 (1):

(1) where registration, recognition or licence is granted on or before the 30th day of June in any year, the fee payable for that year is

(a) $500.00 by a registered public fund;

(b) $350.00 by a recognised private fund;

(c) $500.00 by a person licensed as manager or administrator; and

(d) $1000.00 by a person licensed as both manager and administrator.

(2) Where registration, recognition or licence is granted on or after the 1st day of July in any year, the fee payable for that year is

(a) $250.00 by a registered public fund;

(b) $175.00 by a recognised private fund;

(c) $250.00 by a person licensed as manager or administrator; and

(d) $500.00 by a person licensed as both manager and administrator.

(B) The annual fee payable pursuant to section 28 (2) is

(a) $500.00 by a registered public fund;

(b) $350.00 by a recognised private fund;

(c) $500.00 by a person licensed as manager or administrator; and

(d) $1000.00 by a person licensed as both manager and administrator.

Passed by the Legislative Council this 6th day of June, 1996.

Reeial George

Deputy Speaker

Hugh A. Hodge

Clerk of the Legislative Council