Vanuatu Sessional Legislation
Commencement: 13 October 1997
REPUBLIC OF VANUATU
BUSINESS LICENCE (AMENDMENT) ACT
NO. 8 OF 1997
An Act to amend the Business Licence Act [CAP. 173].
BE IT ENACTED by the President and Parliament as follows: -
AMENDMENT OF SECTION 13 OF CHAPTER 173
"(a) where the fee payable does not exceed VT500,000 shall be paid in full on or before the 31st of January each succeeding year";
(b) in subsection (2) by deleting paragraph (b) and substituting the following paragraph -
"(b) where the fee payable exceeds VT500,000 shall be paid in two equal instalments on or before 31st January, and on or before 31st July of each succeeding year."
(c) by adding after subsection (5) the following new subsection (6) –
"(6) Upon application the Minister may, in exceptional circumstances, permit a person to pay the fees prescribed in subsection (2)(a) or (b) to be paid in four equal instalments on or before 31st January, 30th April, 31st July and 31st October of each succeeding year".
AMENDMENT OF SECTION 18
3. This Act shall come into force on the date of assent.