Section 7 —
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7 Application fee for racing bookmaker’s licence—Act, s 79 For section 79(2)(a) of the Act, the application fee for a racing bookmaker’s licence is—(a) if the applicant is an individual—2,609 fee units; or(b) if the applicant is a corporation—7,505 fee units.
8 Rounding of amounts expressed as numbers of fee units(1) This section applies for working out the amount of a fee expressed in section 7 as a number of fee units.(2) For the purpose of the Acts Interpretation Act 1954 , section 48C(3), the amount is to be rounded downwards to the nearest dollar.Example—If the number of dollars obtained by multiplying a number of fee units mentioned in section 7 by the value of a fee unit were $2,648.75, the amount of the application fee, after rounding, would be $2,648.