New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 168

168 Contributions

(1) A contribution to the Compensation Fund is to be paid by an applicant for a licence at the time the application is made.

(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 applies for 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.