Payment of annual fee
7 Payment of annual fee
The annual fee must be paid:
(a) if the annual fee period commences during the 3 month period ending on 31 March in a year – not later than 31 March in that year; or
(b) if the annual fee period commences during the 3 month period ending on 30 June in a year – not later than 30 June in that year; or
(c) if the annual fee period commences during the 3 month period ending on 30 September in a year – not later than 30 September in that year; or
(d) if the annual fee period commences during the 3 month period ending on 31 December in a year – not later than 31 January in the following year.
(2) If a scheme starts to apply to an additional member after the annual fee period has commenced, the annual fee for the member must be paid:
(a) if the scheme starts to apply during the 3 month period ending on 31 March in a year – not later than 31 March in that year; or
(b) if the scheme starts to apply during the 3 month period ending on 30 June in a year – not later than 30 June in that year; or
(c) if the scheme starts to apply during the 3 month period ending on 30 September in a year – not later than 30 September in that year; or
(d) if the scheme starts to apply during the 3 month period ending on 31 December in a year – not later than 31 January in the following year.
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