COMPULSORY FEES
Membership Fee
A one off fee of $495.00 cash (GST inclusive) is payable to the National Agent on joining Empire Trade and must accompany the Application for Membership. Payment can be made by cash, cheque, bank transfer, or credit card.
Goods and Services Purchase Fee
A cash fee equal to 4.95% (incl GST) of the Trade component of any purchase transaction on goods and services is payable to the Exchange within 7 days of the completion of the transaction in whole or in part. All transactions of 3,000.00 trade dollars and above require the submission of an Intention to Trade (ITT) Agreement (see below) at least 24 hours prior to finalisation of the transaction.
Real Estate/Contractual Transaction Fee
A cash transaction fee equal to 5.5% (incl GST) of the Empire Trade component of any Real Estate or contractual transaction is payable to the Exchange.
Administration Fee
A monthly cash fee of $16.50 (GST incl) per membership account is payable to the National Agent.INCURRED FEES
Stationery Fee
A cash fee of $5.50 (incl GST) will be payable monthly, unless Empire Trade receives notification that the member will obtain their statement of account and updated Empire Trade Membership Directory via online facilities. Provision is made for members to access this information free of charge via online computers available for member use in Empire Trade offices.
Goods and Services Facility Administration Fee
A 1% (plus GST) facility administration cash fee will be payable for a goods and services Facility Application for $T20,000 and over. The approved facility amount will not be deposited to the member's account until cleared funds in payment of the Facility Administration Fee are received by the National Agent.
International Transaction Fee
An additional 1% (plus GST) cash fee will be payable to ETX Administration Pty Ltd on the Trade dollar component of all international transactions. This fee covers costs and charges associated with an international transaction and is collected by the National Agent on behalf of the Administrator.
Bad Debt Reserve Contribution
A Bad Debt Reserve contribution of forty-eight trade dollars ($48) per annum will be deducted from a trading member’s account to fund bad debts in Trade Credits within the Exchange.