Victorian Consolidated Regulations

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Annual licence fees for competitively allocated licence

    (1)     For the purposes of section 57H of the Act, the annual licence fee for a competitively allocated licence comprises—

        (a)     the fee fixed by the land manager and set out in the relevant Expression of Interest document for that competitively allocated licence, having regard to any guidelines issued by the Minister; and

        (b)     a use fee calculated in accordance with regulation 13.

    (2)     The fee fixed by the land manager under subregulation (1)(a) must be a minimum of 20·78 fee units.

    (3)     The holder of a competitively allocated licence must pay the licence fee fixed under subregulation (1)(a)—

        (a)     on the granting of the licence in respect of the period commencing on the granting of the licence and ending on 30 June of the financial year in which the licence was granted, and by 30 June in respect of each subsequent financial year for which the licence is in force; or

        (b)     in a lump sum at the start of the licence period.

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