(1) For section 40A of the Act, the registration fee for a registration year is 75 revenue units.
(2) A person must pay the Board the registration fee:
(a) for the person's first registration year – when applying for registration; and
(b) for each other registration year – no later than 31 December of the previous year.
(3) In this regulation:
"first registration year", for a person, means:
(a) if the person was granted registration, or issued an interim certificate of registration, between January and September in a calendar year – the period starting on the date registration was granted and ending on 31 December in that calendar year; or
(b) otherwise – the period starting on the date registration was granted and ending on 31 December in the next calendar year.
"registration year", for a person, means:
(a) the first registration year for the person; and
(b) each subsequent calendar year for which the person has been granted registration.