Section 41

An annual fee of the prescribed amount shall be payable in respect of every licence or permission issued or given for the purposes of this Order.

Annual fees of different amounts may be prescribed as regards licences or permissions of different classes or descriptions.

Every prescribed annual fee shall be payable on the date the licence or permission is issued or given, and thereafter on the anniversary of the issue of the licence or the giving of the permission.

(4}

Where an annual fee is not paid as required by subsection (3) and remains unpaid 60 days after its due date then, subject to the First Schedule, unless the All;thority is satisfied that there are special circumstances that would render it unfair or inappropriate to do so, the Authority may-

(a} impose a financial penalty on the manager, administrator, trustee or custodian, not exceeding $100,000;

(b} revoke the person's operator's licence or permission or, custodial licence or permission; or

(c} revoke the licence or permission as regards which the annual fee is payable, and where a penalty is imposed under this section, an amount equal to that of the penalty shall be recoverable by the Government as a civil debt due to it from the person on whom the penalty was imposed.

{5)

Where an annual fee remains unpaid as described in subsection (4}, the

Authority may by notice in writing require either the manager, trustee or custodian the registered futld to state in writing within a period specified in the notice the reason why the fee was not paid.

Tax and fi.ling exemptions.