292EPayment of annual rental fee

292E Payment of annual rental fee

292E Payment of annual rental fee

(1) An annual rental fee must be paid for each year the authorisation continues in force.

(2) An annual rental fee must be paid before the grant of an authorisation.

(3) Subsequent annual rental fees must be paid by—

(a) the date specified by the Secretary by written notice given to the person liable to pay the fee, or

(b) if no date is specified—the date prescribed by, or determined in accordance with, the regulations for the purposes of this section.

(4) In subsection (2), a reference to the grant of an authorisation includes a reference to the taking of action under this Act as a result of which an authorisation is taken to have been granted under this Act.

Note—

For example, a partial transfer of an authorisation cannot be registered under section 122(5) until the annual rental fee is paid.

s 292E: Ins 2012 No 46, Sch 5.2 [40]. Subst 2022 No 21, Sch 1[113].