1Objective
The objective of these Regulations is to prescribe fees for the purposes of the Estate Agents Act 1980.
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The objective of these Regulations is to prescribe fees for the purposes of the Estate Agents Act 1980.
These Regulations are made under section 99 of the Estate Agents Act 1980.
These Regulations come into operation on 1 July 2018.
The Estate Agents (Fees) Regulations 2007[1] are revoked.
In these Regulations—
the Act means the Estate Agents Act 1980.
For the purpose of section 17(1A) of the Act, the prescribed application fee for a licence is—
in the case of an estate agent which is a corporation—
27⋅79 fee units; and
18⋅94 fee units for each director of that corporation; and
in the case of an estate agent other than a corporation, 26⋅11 fee units.
For the purpose of section 23(1) of the Act, the prescribed annual licence fees are—
for the period beginning 1 July 2018 and ending on 31 August 2018—
in the case of an estate agent which is a corporation, 33⋅47 fee units; and
in the case of an estate agent other than a corporation, 15⋅21 fee units; and
on and from 1 September 2018—
in the case of an estate agent which is a corporation—
14⋅52 fee units; and
13⋅26 fee units for each director of that corporation; and
in the case of an estate agent other than a corporation, 14⋅52 fee units.
For the purpose of section 24(1) of the Act, the prescribed application fee for an extension of time, or further extension of time, is 6⋅74 fee units.
For the purpose of section 24A(1) of the Act, the prescribed late payment or lodgement fee is 6⋅52 fee units.
For the purpose of section 30(5) of the Act—
the prescribed annual approval fee is—
(i) for the period beginning 1 July 2018 and ending on 31 August 2018, 4⋅54 fee units; and
(ii) on and from 1 September 2018, 2⋅79 fee units; and
the prescribed application fee for an extension of time, or further extension of time, is 6⋅74 fee units; and
the prescribed fee for late payment or lodgement is 6⋅52 fee units.
For the purpose of section 31A(2A)(d) of the Act, the prescribed application fee is 80⋅09 fee units.
For the purpose of section 31B(2A)(d) of the Act, the prescribed application fee is 80⋅09 fee units.
For the purpose of section 31C(2A)(d) of the Act, the prescribed application fee is 80⋅09 fee units.
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