16Annual listing fee to remain on Roll

16 Annual listing fee to remain on Roll

(1)  In this regulation –

listing year means the 12-month period commencing on 1 September in any year.

(2)  The fee required to be paid under section 148AB(1) of the Act is –

(a) payable for each listing year; and

(b) payable, for each listing year, by 31 August of the listing year immediately preceding the listing year for which it is being paid.

(3)  For section 148AB(2) of the Act, a proportional refund of the annual listing fee referred to in that subregulation is to be calculated in accordance with the following formula:

where –

A is the amount of the refund to be calculated;

LF is the annual listing fee paid by the person for the listing year in which the person ceases to be listed on the Roll;

D1 is the number of days in that listing year;

D2 is the number of days remaining in that listing year after the day on which the person ceases to be listed on the Roll.