Part III Licensing of Credit and Hire BusinessesF2
Charges for indefinite licencesF1
S. 28B inserted (16.6.2006 for certain purposes and otherwise 6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {36}, 71(2); S.I. 2006/1508, art. 3(1), Sch. 1; S.I. 2007/3300, art. 3(2), Sch. 2
28AF2Charges to be paid by licensees etc. before end of payment periods
1
The licensee under a standard licence which has effect indefinitely shall, before the end of each payment period of his, pay the OFT a charge towards the costs of carrying out its functions under this Act.
2
The original applicant for a group licence which has effect indefinitely shall, before the end of each payment period of his, pay the OFT such a charge.
3
The amount of the charge payable by a person under subsection (1) or (2) before the end of a payment period shall be determined in accordance with provision which—
a
is made by the OFT by general notice; and
b
is current on such day as may be determined in accordance with provision made by regulations.
4
The provision that may be made by the OFT under subsection (3)(a) includes—
a
different provision in relation to persons of different descriptions (including persons whose payment periods end at different times);
b
provision for no charge at all to be payable by persons of specified descriptions.
5
The approval of the Secretary of State and the Treasury is required for a general notice under subsection (3)(a).
6
For the purposes of this section a person's payment periods are to be determined in accordance with provision made by regulations.
S. 28A and preceding cross-heading inserted (16.6.2006 for certain purposes and otherwise 6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {35}, 71(2); S.I. 2006/1508, art. 3(1), Sch. 1; S.I. 2007/3300, art. 3(2), Sch. 2