Property, Stock and Business Agents Amendment (Fees and Contributions) Regulation 2016 (NSW)
New South Wales
Property, Stock and Business Agents Amendment (Fees and Contributions) Regulation 2016
under the
Property, Stock and Business Agents Act 2002
His Excellency the Governor, with the advice of the Executive Council, has made the following
Regulation under the Property, Stock and Business Agents Act 2002.
VICTOR DOMINELLO, MP
Minister for Innovation and Better Regulation
Explanatory note
The object of this Regulation is to increase certain fees 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,
17A and 230 (the general regulation-making power).
Property, Stock and Business Agents Amendment (Fees and
Contributions) Regulation 2016
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 2016.
2 Commencement
This Regulation commences on 1 July 2016 and is required to be published on the
NSW legislation website.
| Schedule 1 | Amendment of Property, Stock and Business Agents Regulation 2014 |
[1] Clause 53 Fees and Compensation Fund contributions
Omit the note to clause 53 (3). Insert instead:
Note. This amount is consequently a processing fee for the purposes of Part 2 of the Licensing and Registration (Uniform Procedures) Act 2002. If an application is made by electronic communication, the processing fee is discounted (see section 13 of that Act). If an application is refused or withdrawn, the applicant is entitled to a refund of all fees paid, other than the processing fee (see section 22 of that Act).
[2] Schedule 16 Fees and Compensation Fund contributions
Omit the Schedule. Insert instead:
Schedule 16 Fees and Compensation Fund contributions
(Clause 53)
Item Column 1 Column 2 Column 3 Column 4 Column 5 Type of fee Fixed Processing Compensation Fund Total component component contribution 1 Application for $231 $209 $71 $511 grant of licence 2 Application for $46 $86 Nil $132 grant of certificate
of registration3 Application for $231 $68 $71 $370 renewal of licence 4 Application for $46 $43 Nil $89 renewal of
certificate of
registration5 Application for $231 $139 $71 $441 restoration of
licence6 Application for $46 $57 Nil $103 restoration of certificate of registration 7 Application for Nil $68 Nil $68 accreditation as
an auctioneer8 Application for a Nil $45 Nil $45 replacement
licence9 Application for a Nil $45 Nil $45 replacement certificate of registration
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