Property, Stock and Business Agents Amendment (Fees and Contributions) Regulation 2010 (NSW)

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2010 No 157

New South Wales

Property, Stock and Business Agents Amendment (Fees and Contributions) Regulation 2010

under the

Property, Stock and Business Agents Act 2002

His Excellency the Lieutenant-Governor, with the advice of the Executive Council, has made the following Regulation under the Property, Stock and Business Agents Act 2002.

VIRGINIA JUDGE, MP Minister for Fair Trading

Explanatory note
The object of this Regulation is to amend the Property, Stock and Business Agents Regulation 2003 to increase application fees for licences and certificates of registration and Compensation Fund contributions payable under the Property, Stock and Business Agents Act 2002. The fee and contribution increases are generally in line with movements in the Consumer Price Index (rounded to the nearest dollar).

This Regulation is made under the Property, Stock and Business Agents Act 2002, including sections 17 (Application to licences of Licensing and Registration (Uniform Procedures) Act 2002), 17A (Application fees and Compensation Fund contributions) and 230 (the general regulation-making power).

Published LW 30 April 2010 Page 1
2010 No 157 Property, Stock and Business Agents Amendment (Fees and Contributions)
Clause 1 Regulation 2010

Property, Stock and Business Agents Amendment

(Fees and Contributions) Regulation 2010

under the

Property, Stock and Business Agents Act 2002

1      Name of Regulation

This Regulation is the Property, Stock and Business Agents Amendment
(Fees and Contributions) Regulation 2010.

2      Commencement

This Regulation commences on 1 July 2010 and is required to be published on the NSW legislation website.

Property, Stock and Business Agents Amendment (Fees and Contributions) 2010 No 157
Regulation 2010
Amendment of Property, Stock and Business Agents Regulation 2003 Schedule 1
Schedule 1 Amendment of Property, Stock and
Business Agents Regulation 2003

Schedule 16

Omit the Schedule. Insert instead:

Schedule 16 Fees and Compensation Fund
contributions

(Clause 46)

Column 1 Column 2 Column 3 Column 4 Column 5
Nature of fee Fixed Processing Compensation Total
payable component component Fund
contribution
Application fee $200 $181 $62 $443
for grant of
licence
Application fee $40 $74 Nil $114
for grant of
certificate of
registration
Application fee $200 $59 $62 $321
for renewal of
licence
Application fee $40 $37 Nil $77
for renewal of
certificate of
registration
2010 No 157 Property, Stock and Business Agents Amendment (Fees and Contributions)
Regulation 2010
Schedule 1 Amendment of Property, Stock and Business Agents Regulation 2003
Column 1 Column 2 Column 3 Column 4 Column 5
Nature of fee Fixed Processing Compensation Total
payable component component Fund
contribution
Application fee Nil $59 Nil $59
for
accreditation as
an auctioneer
under section
21 of the Act
Application fee Nil $39 Nil $39
for a
replacement
licence
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