61ACompensation Fund contributions

61A Compensation Fund contributions

61A Compensation Fund contributions

For the Act, section 168, the contributions required are as follows—

(a) for the holder of a class 1 licence—

(i) for a payment covering 1 year—0.72 fee units, or

(ii) for a payment covering 3 years—2.16 fee units, or

(iii) for a payment covering 5 years—3.60 fee units, or

(iv) for a payment covering any other period—0.72 fee units multiplied by the number of days for which the licence is to have effect and divided by 365,

(b) for the holder of a class 2 licence—

(i) for a payment covering 1 year—0.36 fee units, or

(ii) for a payment covering 3 years—1.08 fee units, or

(iii) for a payment covering 5 years—1.80 fee units, or

(iv) for a payment covering any other period—0.36 fee units multiplied by the number of days for which the licence is to have effect and divided by 365,

(c) for the holder of a corporation licence—

(i) for a payment covering 1 year—1.44 fee units, or

(ii) for a payment covering 3 years—3.24 fee units, or

(iii) for a payment covering 5 years—5.40 fee units.

s 61A: Ins 2025 (275), Sch 3[3].