Section 94B: Penalty for failure to pay licence fee within time limit

94B. Penalty for failure to pay licence fee within time limit (1) Where a person fails to pay the licence fee specified in the Third Schedule within the time limit referred to in section 94A, he shall be liable to pay, in addition to the licence fee payable, a penalty of 50 per cent of the amount of the licence fee payable, provided that payment is effected— (a) in the case of a licence specified in items 7 and 13 of that Schedule, for the period 1 January to 15 August before the day of the first race meeting; (b) in any other case, not later than 15 days after the expiry of the licence. (2) Where the licence fee and the penalty referred to in subsection (1) are not paid within the time limit referred to in that subsection, the person shall cease to carry on business on the expiry of his current licence and shall comply with the requirements of this Act relating to a person who has ceased to carry on business. [S. 94B inserted by s. 10 (i) of Act 26 of 2012 w.e.f. 1 July 2013; amended by s. 8 (e) of Act 26 of 2013 w.e.f. 21 December 2013.] G2 – 45 [Issue 9] Gambling Regulatory Authority Act