Regulation 5

The non‑refundable application fee payable under section 5(4)(b) of the Act in respect of an application for the issue of a licence is $600.

The licence fee for the issue or renewal of a licence under section 9(1) of the Act is $1,500 for every period of 12 months (or part of 12 months) of the licence.

The licence fee for each additional place of business of a licensee under section 9(3) of the Act is $1,500 for every period of 12 months (or part of 12 months) remaining of the period of the licence from the date of approval of that place of business for moneylending under section 11 of the Act.

If the period remaining of the licence from the date mentioned in paragraph (3) is less than 12 months, the fee of $1,500 mentioned in that paragraph is to be reduced by an amount to be computed as where A is the number of months remaining of the period of the licence from the date mentioned in paragraph (3) (a period of less than one month being treated as a full month).

A non‑refundable registration fee of $130 must be paid to the Registrar for each person who takes the written test mentioned in rule 2(3).