(1) The rent payable
for a rental licence during any period shall be calculated at such rate as the
Authority may determine for use of that rental mooring during that period.
(2) If a licensee
cancels a rental licence before the rental period specified in the licence has
commenced, the Authority —
(a) may
retain as a cancellation fee an amount of the rent determined by the
Authority; and
(b)
shall refund or credit to the licensee the balance of the rent.
(3) No rent is
refundable or to be credited in respect of a licence cancelled under
regulation 17 or cancelled after the rental period specified in the
licence has commenced.
[Regulation 16 inserted: Gazette
4 Jul 1997 p. 3514; amended: Gazette 5 Apr 2016
p. 1028.]