44LMethod of payment of annual licence fee

44L Method of payment of annual licence fee S. 44L(1) amended by No. 10/2016 s. 101(2). (1) The annual licence fee for a financial year is payable by the port licence holder in quarterly instalments. S. 44L(2) amended by No. 10/2016 s. 101(3)(a). (2) The Minister must issue a fee notice to the port licence holder on or before the first day of a financial year specifying— S. 44L(2)(a) amended by No. 10/2016 s. 101(3)(b). (a) the amount of the annual licence fee payable in respect of that financial year; and (b) the amount payable for each quarterly instalment and the dates on which payment is due. S. 44L(3) amended by No. 10/2016 s. 101(4). (3) The port licence holder must pay each instalment amount specified in the fee notice to the Minister within 30 days after the last day of the quarter to which the instalment relates. S. 44M inserted by No. 10/2016 s. 102.