50Warehouse licence fees—general

#### 50 Warehouse licence fees—general (1) In this regulation: > warehouse licence has the same meaning as in Part V of the Act. > year means a period of 12 months commencing on 1 July. (2) For section 85 of the Act, and subject to regulation 50A, the fee for the grant of a warehouse licence that comes into effect on 1 July is $7 000. (2A) For section 85 of the Act, and subject to regulation 50A, the fee for the grant of a warehouse licence that comes into effect on a day other than 1 July is worked out using the following formula:  where: > licence days are days in the year for which the licence will be in force. (2B) For section 85 of the Act, and subject to regulation 50A, the fee for the renewal of a warehouse licence is $4 000. > Note: Regulation 50A relates to dual licensed places.