5Fees for licence—the Act, ss 12 and 89

#### 5 Fees for licence—the Act, ss 12 and 89 5 Fees for licence—the Act, ss 12 and 89 > > (1) The application fees payable for the purposes of the Act are listed in Schedule 1, Part 1. > > > (2) An amount specified for an application fee in Schedule 1, Part 1, Column 3 under the heading **Processing component** is taken to be a fee to cover the costs incurred by the Secretary in processing the application. > > > > Note— > > > > This amount is consequently a processing fee for the purposes of the [Licensing and Registration (Uniform Procedures) Act 2002](/view/html/inforce/current/act-2002-028), Part 2. If an application is made by electronic communication, the processing fee is discounted (see that Act, section 13). If an application is refused or withdrawn, the applicant is entitled to a refund of all fees paid, other than the processing fee (see that Act, section 22). > > > (3) The total application fee is set out in Schedule 1, Part 1, Column 4. > > > (4) Additionally, licence holders must pay the contribution to, and any levy for, the Compensation Fund required under the [Property and Stock Agents Act 2002](/view/html/inforce/current/act-2002-066), section 167A, 168 or 169. > > > > Note— > > > > See the [Conveyancers Licensing Act 2003](/view/html/inforce/current/act-2003-003), section 89. > > > (5) A licence holder must pay the same contribution to the Compensation Fund as the holder of a class 1 licence under the [Property and Stock Agents Act 2002](/view/html/inforce/current/act-2002-066). > > **s 5:** Am 2025 (275), Sch 1\[1\]–\[5\].