Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) Subject to this
regulation, the prescribed fee payable for a licence under section 21(1)
of the Act is an amount calculated as follows —
where
F
means the fee payable; and
A
means the average amount of credit as determined by the Commissioner
provided by the credit provider under transactions to which the Credit Act or
the Code applied or applies in each of the 12 months of the period ending
on the anniversary of the grant of the licence to the licensee,
but in any event the
amount payable shall be not less than $440 and shall not exceed $23 000.
(2) Where a licensee
carries on business —
(a) as a
partner — the fee payable under section 21(1) of the Act
shall be the fee payable under subregulation (1) calculated by reference
to the amount of credit provided by the partnership and divided by the number
of partners in the partnership at the time that the fee is payable and, where
the licensee is a partner in more than one partnership, the sum of those
amounts;
(b) on
his own account and as a partner — the fee payable under
section 21(1) of the Act shall be the sum of the amounts payable under
subregulation (1) and paragraph (a).
(3) Where a licensee
is one of the trustees of a trust the provisions of subregulation (2)
apply as though the licensee were a partner and the other trustees were
partners.
[Regulation 7 amended in Gazette
21 Jun 1985 p. 2261; 13 Jun 1986 p. 1996;
4 Sep 1987 p. 3517; 29 Jul 1988 p. 2563;
30 Jun 1989 p. 1974; 1 Aug 1990 p. 3651;
13 Dec 1991 p. 6158; 14 Aug 1992 p. 4023;
28 Jun 2005 p. 2902; 13 Jun 2006 p. 2056;
27 Jun 2006 p. 2253; 15 Jun 2007 p. 2771;
17 Jun 2008 p. 2548.]