49Application fee etc

#### 49 Application fee etc 49 Application fee etc > > (1) An application under section 48 shall be accompanied by— > > > > > (a) the prescribed fee, and > > > > > (b) a deposit— > > > > > > > (i) if the applicant has specified an amount that the applicant would be prepared to pay in respect of the grant of a licence to the applicant on the application—of 10 per cent of that amount, or > > > > > > > (ii) if the Minister has, in the instrument by which applications were invited, stated an amount that the applicant will be required to pay in respect of the grant of a licence—of 10 per cent of that amount. > > > (2) Where a licence is not granted on the application, the amount of the deposit is, subject to subsection (3), to be refunded to the applicant. > > > (3) Where an applicant on whom there has been served an instrument under section 50 (1) does not request the Minister, under section 50 (6), to grant to the applicant the licence referred to in the instrument, the deposit shall not, unless the Minister otherwise determines, be refunded to the applicant. > > **s 49:** Am 1991 No 6, Sch 1 (13); 1991 No 85, Sch 1 (9).