Section 11: Payment of fees
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
11. Payment of fees
(1) Subject to subsection (3), where an application for a freeport certificate is approved by the Board of Investment, or an authorisation is granted
under section 7 (3) (a) (i) or (iv), the applicant or the enterprise to which the
authorisation is granted shall pay to the Managing Director the appropriate
annual fee specified in the Third Schedule.
F23 – 7 [Issue 5]
Freeport Act
(2) The annual fee under subsection (1) shall be paid—
(a) at the time of issue of the freeport certificate or the grant of the
authorisation under section 7 (3) (a) (i), as the case may be; and
(b) in respect of every period of 12 months as from the date of
issue of the freeport certificate or the grant of the authorisation
under section 7 (3) (a) (i), as the case may be.
(3) Where an authorisation is granted under section 7 (3) (a) (iv), the fee
shall be paid by the third party freeport developer in accordance with item 5
of the Third Schedule.
(4) Any fee collected under this section shall, as soon as is reasonably
practicable, be paid by the Managing Director into the Consolidated Fund.
[S. 11 amended by s. 14 (c) of Act 15 of 2006 w.e.f. 1 July 2006; s. 12 (a) of Act 18 of 2008
w.e.f. 19 July 2008; repealed and replaced by s. 18 (f) of Act 14 of 2009 w.e.f. 1 July 2009;
amended by s. 9 (d) of Act 26 of 2012 w.e.f. 22 December 2012.]