(1) Any fee paid in accordance with this Act is non-refundable.
(2) The licence fee shall cover the period commencing on the 1st day of January to the 31st day of December of each year.
(3) Fees under this Act are payable to the Authority and proof of payment must be submitted to the Authority.
(4) Where a licensee does not pay the fee for renewal of a licence on or before the 31st day of January of the year for that renewal, the licensee shall pay the prescribed late fee for each day the fee for the renewal of the licence remains unpaid.