Property, Stock and Business Agents Amendment (Fees) Regulation 2005 (NSW)
2005 No 841
New South Wales
Property, Stock and Business Agents
Amendment (Fees) Regulation 2005
under the
Property, Stock and Business Agents Act 2002
Her Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Property, Stock and Business Agents Act 2002.
DIANE BEAMER, M.P., Minister for Fair Trading
Explanatory note
The object of this Regulation is to vary application fees for the restoration of licences and certificates of registration payable under the Property, Stock and Business Agents Act 2002. This Regulation is one of a number of Regulations, commencing on 16 January 2006, that vary restoration application fees for authorities, licences or certificates issued under Acts administered by the Minister for Fair Trading. The overall purpose of these Regulations is to promote consistency in the method used to calculate these fees. In line with this overall purpose, the amendments in this Regulation ensure that:
| (a) | the processing component of the restoration application fee for a licence is double the processing component of the renewal application fee, and |
| (b) | the fixed component of the restoration application fee for a licence or certificate of registration is the same as the fixed component of the renewal application fee for a licence or certificate of registration, and |
| (c) | the restoration application fee for a licence or certificate of registration is higher than the renewal application fee but lower than the application fee for a new licence or certificate of registration. |
This Regulation is made under the Property, Stock and Business Agents Act 2002, including sections 17A and 230 (the general regulation-making power).
| Published in Gazette No 157 of 16 December 2005, page 10950 | Page 1 |
| 2005 No 841 | |
| Clause 1 | Property, Stock and Business Agents Amendment (Fees) Regulation 2005 |
Property, Stock and Business Agents Amendment
(Fees) Regulation 2005
under the
Property, Stock and Business Agents Act 2002
1 Name of Regulation
This Regulation is the Property, Stock and Business Agents Amendment
(Fees) Regulation 2005.
2 Commencement
This Regulation commences on 16 January 2006.
3 Amendment of Property, Stock and Business Agents Regulation 2003
The Property, Stock and Business Agents Regulation 2003 is amended as set out in Schedule 1.
2005 No 841
Property, Stock and Business Agents Amendment (Fees) Regulation 2005
| Amendment | Schedule 1 |
| Schedule 1 | Amendment |
(Clause 3)
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
contributionApplication fee for $175 $158 $55 $388 grant of licence Application fee for $35 $63 nil $98 grant of certificate
of registrationApplication fee for $175 $52 $55 $282 renewal of licence Application fee for $35 $32 nil $67 renewal of
certificate of
registrationApplication fee for $175 $104 $55 $334 restoration of
licenceApplication fee for $35 $44 nil $79 restoration of
| 2005 No 841 | Property, Stock and Business Agents Amendment (Fees) Regulation 2005 |
| Schedule 1 | Amendment |
Column 1 Column 2 Column 3 Column 4 Column 5 Nature of fee Fixed Processing Compensation Total payable component component Fund
contributionApplication fee for nil $34 nil $34 a replacement
licence
0
0
0