40Fee to recover administrative costs of regulator

40 Fee to recover administrative costs of regulator

40 Fee to recover administrative costs of regulator

(1) The purpose of this section is to enable the regulator to recover the administrative costs of preparing and giving notices.

(2) A person who is given a notice by the regulator must within 30 days pay the fee specified in the notice to the regulator.

(3) The regulator may publish, on its website, the fees for the administrative costs of preparing and giving notices.

(4) The regulator may—

(a) extend the time for payment of the fee, on the application of the person, or

(b) waive payment of the whole or a part of the fee, on the regulator’s own initiative or on the application of the person.

(5) The fee is not payable during the currency of an appeal against the notice.

(6) If the decision of the Court on an appeal does not invalidate the notice, the fee is payable within 30 days of the decision.

(7) A person who does not pay the fee within the time provided under this section is guilty of an offence.

Maximum penalty—200 penalty units.