Australian Capital Territory Numbered Acts

AGENTS (AMENDMENT) ACT 1992 (NO. 22 OF 1992) - SECT 19

19. Section 53 of the Principal Act is amended—

    (a)     by omitting from subsection (1) “prescribed” and substituting “appropriate”; and

    (b)     by adding at the end the following subsections:

“(4) For the purposes of subsection (1) the amount of the appropriate fee is an amount that bears the same proportion to the fee determined for the purposes of subsection 54A (1) as the number of months in the period commencing on the day of issue of the licence and ending on the next ensuing 30 June bears to the period of 12 months.

“(5) In calculating the amount of the appropriate fee—

        (a)     a part of a month shall be treated as a month; and

        (b)     a fraction of a dollar shall be disregarded.”.