New South Wales Consolidated Regulations

PROPERTY AND STOCK AGENTS REGULATION 2014 - REG 53

53 Fees and Compensation Fund contributions

(1) The fees payable for the purposes of the Act are listed in Column 1 of Part 1 of Schedule 16.

(2) The amount of each fee is to be calculated by adding together the various components set out in Columns 2 and 3 of Part 1 of Schedule 16 in relation to that fee.

(3) An amount specified in relation to an application fee in Column 3 of Part 1 of Schedule 16 under the heading Processing component is taken to be a fee to cover the costs incurred by the Secretary in processing the application.

Note : This amount is consequently a
"processing fee" for the purposes of Part 2 of the Licensing and Registration (Uniform Procedures) Act 2002 . If an application is made by electronic communication, the processing fee is discounted (see section 13 of that Act). If an application is refused or withdrawn, the applicant is entitled to a refund of all fees paid, other than the processing fee (see section 22 of that Act).

(4) The amount specified in relation to an application fee in Column 4 of Schedule 16 under the heading Compensation Fund contribution is prescribed as the amount of the contribution to the Compensation Fund payable by the applicant for the licence concerned.

(5) The amount specified in relation to an application fee in Column 5 of Schedule 16 under the heading Total is the total of the fees payable in respect of the application and the contribution to the Compensation Fund payable by the applicant.

(6) An applicant for the issue, renewal or restoration of 2 or more licences, or an applicant for the issue of a licence who is already a licensee, is not liable to pay fees or a Compensation Fund contribution for more than one of the licences that are issued, renewed or restored to expire at the same time.