Western Australian Current Regulations

CREDIT (ADMINISTRATION) REGULATIONS 1985 - REG 8A

8A .         Refund of fees after referral day

        (1)         In this regulation —

        last licence fee means —

            (a)         in the case of a superseded licence which was granted not more than the twelve months immediately before the referral day, the amount of the fee paid under section 9(2) of the Act on application for the grant of the licence; and

            (b)         in the case of any other superseded licence, the amount of the annual fee paid under section 21(1) of the Act in respect of the year commencing on the anniversary of the date of grant which falls not more than twelve months before the referral day;

        refund period , in respect of a superseded licence, means the period beginning on the referral day and ending on the day before the anniversary of the grant of the licence which falls next after the referral day;

        superseded licence means a licence which is in force on the referral day.

        (2)         Within 3 months after the referral day, the holder of a superseded licence may apply in writing in a form acceptable to the Commissioner for a proportionate refund of the last licence fee.

        (3)         As soon as is reasonably practicable after receiving an application under subregulation (2), the Commissioner is to pay to the applicant an amount by way of proportionate refund of the last licence fee calculated in accordance with the following formula —

                $R = $F x (D/365)

                where —

                $R         =         the amount to be paid by way of proportionate refund;

                $F         =         the amount of the last licence fee;

                D         =         the number of days in the refund period.

        [Regulation 8A inserted: Gazette 30 Jun 2010 p. 3178-9.]