Singapore legislation
Regulation 12
Regulation 12
Annual licence fees
Subregulation 1
The fee for any licence granted or renewed under section 14C of the Act is the total of the following amounts:
for the first year (commencing on the date the licence comes into force) of the period of validity of the licence, and for each subsequent part of the period of validity that is a year — the annual fee specified in the Schedule;
for any part of the period of validity mentioned in sub‑paragraph (a) that is less than a year — the annual fee specified in the Schedule that is pro-rated according to the number of months or part of a month in that part of the period of validity.
Subregulation 2
The fee in paragraph (1) must be paid to the Director‑General not later than —
for the amount for the first year of the period of validity of the licence — the date the licence comes into force; and
for the amount for each subsequent year or part of a year — each anniversary of that date.
Subregulation 3
Any fee payable for any licence granted or renewed under section 14C of the Act is not refundable.
Subregulation 4
Despite paragraph (3), the Director‑General may, in his or her discretion, reduce, waive or refund (in whole or in part) any fee paid under these Regulations.
Subregulation 5
Where a change in the annual fee for a licence is prescribed after the issue of the licence, the annual fee relating to each year or part of a year of the period of validity of the licence that begins on or after the date of the change, is the annual fee so changed.