15. Licence fees
Feedback & supportLast amended by an amending law of 2005. 2 amendments in all.
Every licensee shall pay such licence fee as the Authority may, by notification in the Gazette, prescribe.
licensee
“licensee” means the holder of a money-changer’s licence or a remittance licence, as the case may be;
The Authority may prescribe different licence fees in respect of different classes or categories of licensees.
Where a licensee has more than one place of business, the licensee shall pay such additional licence fee as may be prescribed by the Authority for each additional place of business.
place of business
“place of business” means each place or location in Singapore used by a licensee for carrying on money-changing business or remittance business, whether within a single building, at a single business address, or otherwise;
The licence fees shall be paid in such manner as may be specified by the Authority.
licence
“licence” means a money-changer’s licence or a remittance licence, as the case may be, granted under this Act;
There shall be no refund of any licence fee paid to the Authority in the event that a licence is cancelled, revoked or suspended or when the licensee ceases to carry on business at any time prior to the expiry of the licence. [11