Annual fee
9 Annual fee
For section 69(1) of the Act, the annual fee under this regulation is payable for the years after the year in which the licence or authority was issued.
The annual fee is not payable for any licence or authority issued in respect of a single event.
Examples for subregulation (2)
A community event authority or major event authority.
The total annual fee a licensee must pay for the licence and all authorities held by the licensee is calculated on the basis of the following formula:
F is [(BF x V x H) x (1 – D)] x Br
where:
F is the annual fee payable for the licence and all authorities held by the licensee.
BF is the base fee determined under regulation 10.
Br is the breach multiplier determined under regulation 11.
D is the discount multiplier determined under regulation 12.
H is the hours multiplier determined under regulation 13.
V is the volume multiplier determined under regulation 14.
Despite the formula in subregulation (3), the total annual fee is a minimum of 50% of the base fee determined under regulation 10.
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