Fees payable

(1) Upon application to provide a computer wagering service, the applicant shall pay to the Board, (a) in respect of a licence to provide a computer wagering service, a fee of one hundred thousand dollars; (b) in respect of an exclusive licence to provide a computer wagering service, a fee of two hundred thousand dollars per year for each year of exclusivity. (2) An annual licence shall commence on 1st April of any year and shall expire on 31st March of the following year. 9 (3) The fees received by the Board under this Act shall be paid to the credit of the Consolidated Revenue Fund, Provided that where an application is refused, any fee which has been paid under subsection (1) of this section shall be refunded subject to the deduction of a reasonable administrative charge levied by the Board. (4) The fees payable under this section may from time to time be varied by the Minister by Order published in the Gazette.