Document ID: chunk:federal_register_of_legislation:C2023C00080:clause:3_4
Version: federal_register_of_legislation:C2023C00080
Segment Type: clause
Provision Reference: sch 3 cl 4
Character Range: 248123–249179

4  After subsection 26(3A)
Insert:
 (3B) The amount of a fee prescribed under subsection (3A) must be reasonably related to the expenses incurred, or to be incurred, by the Commonwealth in connection with:
 (a) the performance of the Regulator's functions, or the exercise of the Regulator's powers, under this section; and
 (b) the carrying out of inspections in accordance with regulations made under subsection 23AAA(1), to the extent to which the inspections are relevant to the performance of the functions, or the exercise of the powers, conferred on the Regulator by this section; and
 (c) the preparation of reports of inspections carried out in accordance with regulations made under subsection 23AAA(1), to the extent to which such reports set out:
 (i) conclusions; or
 (ii) recommendations; or
 (iii) other material;
  that is or are relevant to the performance of the functions, or the exercise of the powers, conferred on the Regulator by this section.
 (3C) A fee prescribed under subsection (3A) must not be such as to amount to taxation.