S.L. 545.20 Art. 8Payment of authorisation fees.

(1) The first authorisation fee shall be due by the authorised provider immediately upon the granting of the authorisation and thereafter, every year on the anniversary of the grant of such authorisation or on any other date as the Regulator may reasonably establish: Provided that the authorisation shall not be valid until the payment of the first authorisation fee is made.

(2) The amount of the authorisation fee shall be according to the Second Schedule and shall be paid to the Regulator together with an application for an authorisation.

(3) If any authorisation fee payable under sub-regulation (2) is not paid within thirty days, the Regulator shall after the lapse of such time, communicate with the authorised provider whose authorisation fee has not so been paid informing him about his failure to pay such fee.

(4) The Regulator shall be deemed to have complied with sub-regulation (3) if such communication is sent by registered post, to the usual or last known address of the authorised provider whose authorisation fee has not so been paid.