165AContributions to Compensation Fund

165A Contributions to Compensation Fund

165A Contributions to Compensation Fund

(1) The holder of a licence must pay the contribution required to be paid from time to time under this section.

(2) The amount of the contribution is the amount prescribed by the regulations.

(3) The regulations may prescribe different amounts of contributions for different kinds of licences.

(4) The payments must be made at the times and in the way required by the Secretary.

(5) A payment may be required from a person in anticipation of the person becoming the holder of a licence.

Example—

an applicant for a licence

(6) The Secretary may suspend a licence if—

(a) a payment must be made by the holder of the licence under this section, and

(b) the payment is outstanding.

s 165A: Ins 2025 No 17, Sch 3[2].