2. Fee for fresh or renewed bus depot licence or bus interchange licence

The fee payable for the grant of a bus depot licence or bus interchange licence under section 24(1)(a) of the Act or the renewal of a bus depot licence or bus interchange licence under section 25(3)(a) of the Act (as the case may be) is to be determined by the following formula:where Ais the number of years of the licence (a part of a year being treated as one year); andBis the number of bus depots or bus interchanges (as the case may be) which are the subject of the licence.