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12. Costs of adjudication proceedings

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Amended

Last amended by an amending law of 2012.

For the purposes of section 30(1) of the Act —

(a)

the fee payable to an authorised nominating body shall not exceed —

(i)

$600 for each adjudication application; and

(ii)

$1,200 for each adjudication review application; (b)the fee payable to an adjudicator (excluding a review adjudicator or a panel of review adjudicators) shall be computed on the basis of a rate not exceeding $300 per hour or $2,400 per day, and shall not exceed in the aggregate the following maximum amount:

(i)

where the claimed amount exceeds $24,000, 10% of the claimed amount; or

(ii)

in any other case, $2,400; and

(c)

the fee payable to a review adjudicator or a panel of review adjudicators shall be computed on the basis of a rate not exceeding $300 per hour or $2,400 per day, and shall not exceed in the aggregate the following maximum amount:

(i)

where the claimed amount exceeds $24,000, 10% of the claimed amount; or

(ii)

in any other case, $2,400.

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