9Compensation Fund contributions—the Act, s 165A(2)

9 Compensation Fund contributions—the Act, s 165A(2)

9 Compensation Fund contributions—the Act, s 165A(2)

(1) The contribution required to be paid by the holder of a motor dealer’s licence for each of the licence holder’s notified premises is—

(a) an initial payment of—

(i) for a payment covering 1 year—9.48 fee units, or

(ii) for a payment covering 3 years—12.24 fee units, or

(iii) for a payment covering 5 years—20.40 fee units, or

(iv) for a payment covering any other period—9.48 fee units multiplied by the number of days for which the licence is to have effect and divided by 365, and

(b) for any subsequent period in which the licence is in force—a payment of—

(i) for a payment covering 1 year—1.39 fee units, or

(ii) for a payment covering 3 years—4.17 fee units, or

(iii) for a payment covering 5 years—6.95 fee units, or

(iv) for a payment covering any other period—1.39 fee units multiplied by the number of days for which the licence is to have effect and divided by 365.

(2) The contribution required to be paid by the holder of a motor vehicle repairer’s licence for each of the licence holder’s notified premises is—

(a) an initial payment of—

(i) for a payment covering 1 year—2.79 fee units, or

(ii) for a payment covering 3 years—3.69 fee units, or

(iii) for a payment covering 5 years—5.49 fee units, or

(iv) for a payment covering any other period—2.79 fee units multiplied by the number of days for which the licence is to have effect and divided by 365, and

(b) for any subsequent period in which the licence is in force—a payment of—

(i) for a payment covering 1 year—0.45 fee units, or

(ii) for a payment covering 3 years—1.35 fee units, or

(iii) for a payment covering 5 years—2.25 fee units, or