a Dealer’s Individual Licence granted under regulation 4 shall be $400 per annum; and
(b)
a Dealer’s Class Licence granted under regulation 4A shall be $50 for every 5 years.
[S 540/98 wef 11/06/1998]
(1A) Paragraph (1) (b) shall not apply to a holder of both a Dealer’s Individual Licence and a Dealer’s Class Licence.
[S 540/98 wef 11/06/1998]
(2) All fees shall be paid in advance and if any fee remains unpaid 7 days after the date on which a licence should have been renewed, the following late payment fee shall be charged:
(a)
where the licence is renewed after 7 days but less than 15 days following the expiration of the previous licence, $10;
(b)
where the licence is renewed after 14 days but less than 31 days following the expiration of the previous licence, $20; and
(c)
where the licence is renewed after 30 days following the expiration of the previous licence, $50.