• FEES 2.1 FEES 2.1 General authorisation and supervision fees for deposit-taking institutions

    • FEES 2.1.1

      (a) An applicant for a Financial Services Permission to carry on the Regulated Activities of either Accepting Deposits or Managing a Profit Sharing Investment Account must pay to the Regulator an initial authorisation fee of $30,000.
      (b) The applicant referred to in (a) must pay to the Regulator an additional authorisation fee of $5,000 for each additional Regulated Activity for which it seeks a Financial Services Permission.

    • FEES 2.1.2

      (a) An Authorised Person with a Financial Services Permission to carry on the Regulated Activities of either Accepting Deposits or Managing a Profit Sharing Investment Account must pay to the Regulator an annual supervision fee of $30,000.
      (b) The Authorised Person referred to in (a) shall pay an additional annual supervision fee of $5,000 for each additional Regulated Activity for which it has a Financial Services Permission.
      (c) In the first year of supervision, the relevant Authorised Person referred to in (a) will be required to pay a portion of the annual supervision fee based on the number of months remaining until the end of the financial year.