Building Management (Fee Revision) Regulation 2005 published
in Gazette
************************************************************ The Administration today (October 28) published the Building Management (Fee Revision) Regulation 2005 in the Gazette, which stipulates the adjustments in fees payable to the Land Registrar in relation to the formation of owners'corporations.
The Building Management (Fees) Regulations (Cap.344A) (the Regulations) set out the fees payable to the Land Registrar for the registration or filing of any document required to be submitted for the formation of owners' corporations, the fees for inspecting the register of corporations or duplicate copies maintained by the Land Registrar, and the fees for the issue of the certificates of registration of the corporation. These fees were last revised in May, 1997.
The fees under the Regulations were adjusted in accordance with the guidelines provided by the Financial Services and Treasury Bureau. All the fee items will be increased at an annual rate of 20 per cent in order to gradually achieve full cost recovery within seven years.
The Building Management (Fee Revision) Regulation 2005 will be tabled at the Legislative Council on November 2. The Amendment Regulation is expected to take effect on January 1, 2006.
in Gazette
************************************************************ The Administration today (October 28) published the Building Management (Fee Revision) Regulation 2005 in the Gazette, which stipulates the adjustments in fees payable to the Land Registrar in relation to the formation of owners'corporations.
The Building Management (Fees) Regulations (Cap.344A) (the Regulations) set out the fees payable to the Land Registrar for the registration or filing of any document required to be submitted for the formation of owners' corporations, the fees for inspecting the register of corporations or duplicate copies maintained by the Land Registrar, and the fees for the issue of the certificates of registration of the corporation. These fees were last revised in May, 1997.
The fees under the Regulations were adjusted in accordance with the guidelines provided by the Financial Services and Treasury Bureau. All the fee items will be increased at an annual rate of 20 per cent in order to gradually achieve full cost recovery within seven years.
The Building Management (Fee Revision) Regulation 2005 will be tabled at the Legislative Council on November 2. The Amendment Regulation is expected to take effect on January 1, 2006.
Ends/Friday, October 28, 2005
Issued at HKT 19:16
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