Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698843281931.pdf (New Zealand)
Reprint as at 1 April 2011 Financial Advisers (Fees) Regulations 2010 (SR 2010/234) Anand Satyanand, Governor-General Order in Council At Wellington this 9th day of August 2010 Present: His Excellency the Governor-General in Council Pursuant to section 155 of the Financial Advisers Act 2008, His Ex- cellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.
Note Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

These regulations are administered by the Ministry of Economic Development.
1 r 1 Financial Advisers (Fees) Regulations 2010 Reprinted as at 1 April 2011 Contents Title Commencement Interpretation Authorised financial advisers: application fees QFEs: application fees QFEs: application fees payable by QFEs and partner entities Fees and costs payable to Commission for application for exemption under section 148 of Act GST included Page 2 2 2 2 2 3 3 4 Regulations Title These regulations are the Financial Advisers (Fees) Regula- tions 2010.
Commencement These regulations come into force on 16 August 2010.

1 6A 7 1 2 3 (1) Interpretation In these regulations, Act means the Financial Advisers Act 2008.

(2) Any term or expression that is defined in the Act and used, but not defined, in these regulations has the same meaning as in the Act.

Authorised financial advisers: application fees The fee in respect of an application for authorisation under section 53 of the Act is $1,120.
The fee in respect of an application for renewal of authorisa- tion under section 58 of the Act is $560.

QFEs: application fees The fee in respect of an application for QFE status under sec- tion 65 of the Act is $4,780.

4 (1) (2) 5 (1) 2 Reprinted as at 1 April 2011 Financial Advisers (Fees) Regulations 2010 r 6A (2) 6 (1) The fee in respect of an application for renewal of QFE status under section 75C of the Act is $4,500.
QFEs: application fees payable by QFEs and partner entities The fees specified in regulation 5 are payable by— (a) an entity that is registered and has, or is applying for, QFE status (as described in section 63(1)(a) of the Act); and each individual partner entity that is registered and, with 1 or more other partner entities, jointly has, or is apply- ing for, QFE status (as described in section 63(1)(b) of the Act).

(b) (2) To avoid doubt, the fees are not payable by an associated entity.
6A Fees and costs payable to Commission for application for exemption under section 148 of Act (2) (1) A person who applies for an exemption under section 148 of the Act must, if required by the Commission, pay the fees and costs set out in this regulation.
The Commission may require a person to pay— an application fee of $112.50; and (a) a fee, for work carried out in respect of the application, (b) calculated at the following hourly rates: (i) (c) (ii) for work carried out by a member of the Com- mission, an hourly rate of $225: for work carried out by an officer or employee of the Commission qualified in accountancy, busi- ness, commerce, economics, or law, or who is ap- propriately qualified by reason of skills, training, or experience, an hourly rate of $163; and the costs incurred by the Commission in processing the application, including— (i) (ii) obtaining expert advice or assistance; and the printing and publication of the relevant ex- emption notice in the Statutory Regulations; and the publication in the Gazette of a notice under the Acts and Regulations Publication Act 1989 of the exemption notice.
(iii) 3 r 7 Financial Advisers (Fees) Regulations 2010 Reprinted as at 1 April 2011 Regulation 6A: inserted, on 1 April 2011, by regulation 4 of the Financial Ad- visers (Fees) Amendment Regulations 2011 (SR 2011/52).

7 GST included The fees set by these regulations include goods and services tax.

Rebecca Kitteridge, Clerk of the Executive Council.

Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 12 August 2010.


4 Reprinted as at 1 April 2011 Financial Advisers (Fees) Regulations 2010 Notes Contents 1 2 3 4 General Status of reprints How reprints are prepared Changes made under section 17C of the Acts and Regulations Publication Act 1989 List of amendments incorporated in this reprint (most recent first) 5 Notes 1 2 3 General This is a reprint of the Financial Advisers (Fees) Regulations 2010.
The reprint incorporates all the amendments to the regu- lation as at 1 April 2011, as specified in the list of amendments at the end of these notes.

Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the reprint are also included, after the principal enactment, in chronological order.

For more information, see http://www.pco.parliament.govt.nz/reprints/.
Status of reprints Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment.

This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.
This presumption may be rebutted by producing the official volumes of statutes or statutory regulations in which the prin- cipal enactment and its amendments are contained.

How reprints are prepared A number of editorial conventions are followed in the prep- aration of reprints.

For example, the enacting words are not included in Acts, and provisions that are repealed or revoked 5 Notes Financial Advisers (Fees) Regulations 2010 Reprinted as at 1 April 2011 are omitted.
For a detailed list of the editorial conventions, see http://www.pco.parliament.govt.nz/editorial-conventions/ or Part 8 of the Tables of New Zealand Acts and Ordinances and Statutory Regulations and Deemed Regulations in Force.
Changes made under section 17C of the Acts and Regulations Publication Act 1989 Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice.

Changes that would alter the effect of the legislation are not permitted.
A new format of legislation was introduced on 1 January 2000.

Changes to legislative drafting style have also been made since 1997, and are ongoing.

To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legisla- tion reprinted after 1 January 2000 is in the new format for legislation and reflects current drafting practice at the time of the reprint.
In outline, the editorial changes made in reprints under the au- thority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint: • omission of unnecessary referential words (such as “of this section” and “of this Act”) typeface and type size (Times Roman, generally in 11.5 point) layout of provisions, including: • • indentation position of section headings (eg, the number and heading now appear above the section) format of definitions (eg, the defined term now appears in bold type, without quotation marks) format of dates (eg, a date formerly expressed as “the 1st day of January 1999” is now expressed as “1 January 1999”) • • • • 4 6 Reprinted as at 1 April 2011 Financial Advisers (Fees) Regulations 2010 Notes • • • • • • • position of the date of assent (it now appears on the front page of each Act) punctuation (eg, colons are not used after definitions) Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly case and appearance of letters and words, including: • format of headings (eg, headings where each word formerly appeared with an initial cap- ital letter followed by small capital letters are amended so that the heading appears in bold, with only the first word (and any proper nouns) appearing with an initial capital letter) small capital letters in section and subsection ref- erences are now capital letters • schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accord- ingly running heads (the information that appears at the top of each page) format of two-column schedules of consequential amendments, and schedules of repeals (eg, they are rearranged into alphabetical order, rather than chrono- logical).
List of amendments incorporated in this reprint (most recent first) Financial Advisers (Fees) Amendment Regulations 2011 (SR 2011/52) 5 12 Wellington, New Zealand: Published under the authority of the New Zealand Government—2011 7