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\[113\].