23Annual licence fee

23 Annual licence fee

23 Annual licence fee

For the Act, section 57(1), the annual licence fee payable by a licence holder comprises fees that must be paid as follows—

(a) the administrative fee—within 120 days after the beginning of the licence fee period,

(b) if Schedule 1 specifies a load-based fee in relation to an activity controlled or authorised by the licence, the load-based fee—within 120 days after the end of the licence fee period.