Finance Brokers Control (General) Amendment Regulations 1996 (WA)

1860 GOVERNMENT GAZETTE, WA [30 April 1996

2. These regulations come into operation on the day on which Part 5 of the
Business Licensing Amendment Act 1995 comes into operation.

FAIR TRADING

FT301

FINANCE BROKERS CONTROL ACT 1975

FINANCE BROKERS CONTROL (GENERAL) AMENDMENT

REGULATIONS 1996

Made by His Excellency the Governor in Executive Council.

Citation

1. These regulations may be cited as the Finance Brokers Control (General)

Amendment Regulations 1996.

Commencement

30 April 19961 GOVERNMENT GAZETTE, WA 1861

Principal regulations

3. In these regulations the Finance Brokers Control (General)

Regulations 1977* are referred to as the principal regulations.

[* Published in Gazette 17 June 1977, pp. 1834-5.

For amendments to 4 April 1996 see 1994 Index to Legislation of Western Australia, Table 4, pp. 78-79.1

Regulation 4 amended

4.     Regulation 4 of the principal regulations is amended -

(a) by inserting after the regulation designation "4." the

subregulation designation "(1)"; and

(b) by inserting the following subregulation -

If a business certificate is renewed after it has expired, a late fee equal to one quarter of the fee specified in item 4 of the Schedule for renewal of the certificate is payable in addition to that fee.

(2)

Regulations 4A and 4B inserted

5.     After regulation 4 of the principal regulations the following regulation is

inserted -

Prescribed periods

4A. (1) For the purposes of section 31 (1) of the Act the

period prescribed is 3 years.

(2) For the purposes of sections 31 (2) and 32 (1) of the Act

(subject to the transitional provisions in section 24 of the	Business Licensing Amendment Act 1995) the period prescribed is 3 years.
Holding fee
4B. (1) In this regulation - "holding fee" means the fee referred to in section

30 (4) (b).
(2)	The holding fee is to be paid -
(a)	in the case of a licensee who, on the coming into

operation of Part 5 of the Business Licensing

Amendment Act 1995, holds a licence but does not hold a current business certificate in respect of the licence, within 60 days of the coming into operation of that Part, and triennially after that payment; and

(b)	in any other case, within 60 days of the licensee ceasing to hold a current business certificate in
respect of the licence, and triennially after that payment.
(3)	The Board may refund to a licensee -
(a)	two-thirds of the holding fee paid by the licensee if

the licensee is granted a business certificate within

one year of paying the holding fee; and

(b) licensee is granted a business certificate more than one-third of the holding fee paid by the licensee if the one, but less than 2, years after paying a holding fee.

1862 GOVERNMENT GAZETTE, WA [30 April 1996

Schedule repealed and substituted

6.  The Schedule to the principal regulations is repealed and the following

schedule is substituted —

"

SCHEDULE

[Regulation 4)

$

1.	Application for licence by a natural person	324
2.	Application for licence by a firm	324
3.	Application for licence by a body corporate	324
4.	For renewal of business certificate —

(a)	for a period of one year	108
(b)	for a period of 2 years	216
(c)	for a period of 3 years	324

5.	For the purposes of section 30 (4)	150
6.	Inspection of register	10
7.	Certificate as to an individual registration —
— first page	10 2
— each subsequent page
8.	Certificate of all registrations in register	122 )9 •

By His Excellency's Command,

J. PRITCHARD, Clerk of the Council.