Victorian Numbered Regulations

MARINE REGULATIONS 2009 (SR NO 180 OF 2009) - REG 833

If the Director cancels a person's operator licence that has been issued by the Director for a period of 3 years or 5 years whether—

        (a)     upon receiving a notification from the person under regulation 702 to surrender the operator licence; or

        (b)     under regulation 722—

the Director may refund part of the fee for the issue of the operator licence, calculated in accordance with the formula—

where—

    A     is the unexpired number of months of duration of the operator licence; and

    B     is the total number of months for which the operator licence was granted; and

    C     is the amount paid for the operator licence.