Victorian Numbered Regulations Victorian Numbered Regulations(1) This regulation applies to prescribed renewal fees payable by small business and non-profit organisations.
(2) Subject to subregulation (3), the Director may, in writing, waive or reduce the prescribed renewal fee payable by a licensee or permittee if he or she is satisfied that payment of the full amount of the renewal fee would cause serious financial hardship.
(3) The Director cannot waive or reduce the prescribed renewal fee payable by a licensee or permittee if one or more non-compliance incidents relate to the licence in the relevant period.
(4) In this regulation—
"non-profit organisation "means an organisation that is not carried on for the purposes of profit or gain to its individual members and is, by the terms of the organisation's constitution, prohibited from making any distribution, whether in money, property or otherwise, to its members;
"small business" means a business employing the equivalent of five or less full-time employees.
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