Refund of fees—registered professional engineering company or unit
165 Refund of fees—registered professional engineering company or unit
As soon as practicable after the commencement, the board must refund to each registered professional engineering company and registered professional engineering unit an amount calculated using the formula—
In this section—
A means the amount to be refunded.
B means a reasonable amount, decided by the board, for administrative costs incurred by the board in refunding the amount under this section.
C means the number of whole months for which the company or unit was registered as a professional engineering company or unit in the relevant period in which this section commences.
F means—
if the company or unit applied for registration as a registered professional engineering company or unit in the year in which this section commences—$195; or
if the company or unit applied for renewal of its registration as a registered professional engineering company or unit in the year in which this section commences—$121.
relevant period means the period from 1 April in a year to 31 March in the following year.
This Act’s bill:Explanatory memorandum
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