292CFees payable in respect of authorisation

292C Fees payable in respect of authorisation

292C Fees payable in respect of authorisation

(1) The following fees are payable under this Part to the Secretary, on behalf of the Crown, for the privilege of being the holder of an authorisation—

(a) an annual rental fee,

(b) an administrative levy.

(2) The authorisation fees are payable in addition to any royalty payable under Part 14 and any other fees payable under this Act.

(3) The holder of an authorisation must not fail to pay any annual rental fee or annual administrative levy payable under this Part for the authorisation.

Maximum penalty—

(a) in the case of a corporation—100 penalty units, or

(b) in the case of a natural person—50 penalty units.

s 292C: Ins 2012 No 46, Sch 5.2 [40]. Am 2015 No 40, Sch 1 [102].