New South Wales Consolidated Regulations

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FAIR TRADING REGULATION 2019 - SCHEDULE 2

SCHEDULE 2 – Fees

clause 11I

Part 1 - Fees payable

Item Column 1 Column 2 Column 3 Column 4
Type of fee Fixed component--in fee units Processing component--in fee units Total--in fee units
1 Application for grant of licence by individual--
(a) for 1 year 2.39 1.11 3.50
(b) for 3 years 5.79 1.11 6.90
(c) for 5 years 8.99 1.11 10.10
2 Application for grant of licence by corporation--
(a) for 1 year 7.29 3.50 10.79
(b) for 3 years 14.49 3.50 17.99
(c) for 5 years 29.79 3.50 33.29
3 Application for renewal or restoration of licence by individual--
(a) for 1 year 2.45 0.55 3.00
(b) for 3 years 5.85 0.55 6.40
(c) for 5 years 9.94 0.55 10.49
4 Application for renewal or restoration of licence by corporation--
(a) for 1 year 7.48 1.67 9.15
(b) for 3 years 17.83 1.67 19.50
(c) for 5 years 29.97 1.67 31.64
5 Application for replacement of licence 0.49 nil 0.49

Part 2 - Adjustment of fees for inflation

1 Definitions

In this Part--

"CPI number" means the Consumer Price Index (All Groups Index) for Sydney published by the Australian Bureau of Statistics in the latest published series of that index.

"financial year" means a period of 12 months commencing on 1 July.

2 Calculation of fee unit for purposes of Regulation

(1) For the purposes of this Regulation, a
"fee unit" is--
(a) in the financial year 2022-23--$100, and
(b) in each subsequent financial year--the amount calculated as follows--
graphic

"A" is the CPI number for the March quarter in the financial year immediately preceding the financial year for which the amount is calculated.

"B" is the CPI number for the March quarter of 2017.
(2) The amount of a fee unit is to be rounded to the nearest cent, and an amount of 0.5 cent is to be rounded down.
(3) However, if the amount of a fee unit calculated for any financial year is less than the amount that applied for the previous financial year, then the amount for the previous financial year applies instead.

3 Rounding of fee amounts

The amount of a fee calculated by reference to a fee unit, including the amount of a component of a fee, is to be rounded to the nearest dollar, and an amount of 50 cents is to be rounded down.

4 Notice of indexed fees

(1) As soon as practicable after the CPI number for the March quarter is first published by the Australian Statistician, the Secretary is required to--
(a) notify the Parliamentary Counsel of the amount of the fee unit for the next financial year so that notice of the amount can be published on the NSW legislation website, and
(b) give public notice on an appropriate government website of the actual amounts of the fees applying in each financial year resulting from the application of the amount of a fee unit calculated under this Part.
(2) This Part operates to change an amount of a fee that is calculated by reference to a fee unit and that change is not dependent on the notification or other notice required by this clause.



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