168Amount of contribution

168 Amount of contribution

168 Amount of contribution

(1) This section sets out the contribution payable by the holder of a licence.

(2) The amount of the contribution is the amount prescribed by the regulations. The regulations may prescribe different amounts of contributions for different kinds of licences.

(3) The regulations may provide for a single contribution to be paid if a person carries on business under more than one kind of licence.

(4) Contributions under this section are in addition to any fees and levies payable under this Act.

(5) If a licence is not granted pursuant to an application, any contribution to the Compensation Fund paid by the applicant is to be refunded.

s 168: Am 2025 No 17, Sch 4[5]–[7].