Australian Capital Territory
Guardianship and Management of Property (Fees) Determination 2016
Disallowable instrument DI2016-105
made under the

Guardianship and Management of Property Act 1991, s 75 (Determination of fees)

EXPLANATORY STATEMENT

The Minister may determine fees for the purposes of the Guardianship and Management of Property Act 1991.

The purpose of this determination is to set fees for the Act for the 2016-17 Financial Year.  This instrument revokes Disallowable Instrument DI2015-139 which set fees for the 2015-16 financial year.

Fees for the 2016-17 Financial Year have been generally increased from fees in the previous Financial Year by an indexation of 1.6% and rounded to an appropriate value.

The fee for examination of accounts maintained by an external financial manager, is GST exempt and, when rounded will be $213 for 2016-17.  As this service is subsidised by Community Service Obligation funding, PTACT applies a 50% rebate to the fee. When the rebate is applied, the fee is half of $213 which is $106.50. Accordingly the fee has been further rounded down to $212, so that, when the rebate is applied, a part-dollar amount is avoided.

The instrument contains further explanatory notes about the fees for various items in the previous Financial Year.