(1)

For subsection 59 (3) of the Act, the fee in respect of an application for the grant or transfer of a space licence is $300 000.

Note
The payment of licence fee under section 59 of the Act is not the provision of consideration for the purpose of the GST Act: see the A New Tax System (Goods and Services Tax) (Exempt Taxes, Fees and Charges) Determination 2000 (No. 2) .

(2) For subsection 59 (8) of the Act, the fee referred to in subregulation (1) must be paid:

(a)

at the time when the application is made; or

(b) in 2 equal instalments, as follows:

(i)

in the case of the first instalment of $150 000 — when the application is made;

(ii)

in the case of the second instalment of $150 000 — within 4 months after the day when the application is made.