71Waiver and reduction of fees by Board

71 Waiver and reduction of fees by Board

71 Waiver and reduction of fees by Board

(1) The Board may in a particular case waive a requirement to pay a fee imposed by or under this Act or may reduce the fee payable if it considers it appropriate to do so in the circumstances.

(2) If a requirement to pay an approved fee is waived or the fee is reduced under this section—

(a) in the case of a waiver of the requirement—any requirement under this Act to pay the approved fee is taken to have been satisfied, and

(b) in the case of a fee reduction—any requirement under this Act to pay the approved fee is taken to have been satisfied when the reduced fee is paid.