Singapore legislation
Regulation 10
Regulation 10
Fees
Subregulation 1
The fee payable for a Dealer’s Individual Licence shall be as follows:
$250 for the first 5 years or part thereof of that licence; and
$250 for every subsequent period of 5 years or part thereof for the duration of that licence.
Subregulation 2
The fee payable for a Dealer’s Class Licence held by any person who is carrying on any business or trade as a dealer shall be $50.
Subregulation 3
Payment of fees in respect of a Dealer’s Individual Licence shall be made —
in respect of a fee referred to in paragraph (1)(a), within 90 days of the notification under regulation 4(4) that the application for a Dealer’s Individual Licence is successful; and
in respect of a fee referred to in paragraph (1)(b), on or before the commencement of the subsequent period of 5 years.
Subregulation 4
Payment of fees in respect of a Dealer’s Class Licence shall be made within 90 days of the date of the registration under regulation 3(5).
Subregulation 5
If any fee remains unpaid after the date by which such fee should have been paid as referred to in paragraph (3)(b), the following late payment fee shall be charged:
where the fee is paid after 7 days but before 15 days following the date by which such fee should have been paid, $10;
where the fee is paid after 14 days but before 31 days following the date by which such fee should have been paid, $20; and
where the fee is paid after 30 days following the date by which such fee should have been paid, $50.
Subregulation 6
It shall be a condition of a licence that the fee referred to in paragraph (1)(b) or (2), as the case may be, shall be paid in accordance with this regulation.