55CRefund of annual charge

#### 55C Refund of annual charge (1) This regulation applies in relation to the annual charge for a facility licence or a source licence for a financial year if: (a) either: (i) the whole of the annual charge for the licence for the year has been paid; or (ii) if regulation 55B applies in relation to the licence—the whole of the annual charge for the licence for the year, as adjusted under that regulation, has been paid; and (b) the licence is suspended, cancelled or surrendered before the end of the year. (2) The CEO may decide to refund to the holder of the licence part of the amount of the annual charge that has been paid for the licence for the year. (3) If the CEO decides to refund part of the amount of the annual charge, the amount of the refund is:  Where: > AC is the amount of the annual charge for the licence for the year. > M1 is the number of calendar months of the year in relation to which the annual charge was paid. > M2 is the number of calendar months of the year during which the licence was held. > Note: The amount of the annual charge for a facility licence or a source licence for a year is prescribed in the Australian Radiation Protection and Nuclear Safety (Licence Charges) Regulations 2000. (4) For subregulation (3), a licence that is held for only part of a calendar month is taken to be held for the whole of the calendar month.