Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts20. After section 54 of the Principal Act the following Division is inserted in Part V:
“54A. (1) A licensed agent shall pay to the Registrar before the commencement of a financial year the determined fee.
“(2) An agent who was a licensed agent immediately before the commencement of this section shall pay to the Registrar, before the first anniversary of the issue of his or her licence that occurs after that commencement, the appropriate fee.
“(3) For the purposes of subsection (2) the amount of the appropriate fee is an amount that bears the same proportion to the fee determined for the purposes of subsection (1) as the number of months in the period commencing on the anniversary of the issue of the licence and ending on 30 June 1993 bears to the period of 12 months.
“(4) 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.”.