Malaysia legislation
Section 4
Section 4
(2)
The annual licence fee for each licence shall be paid in the following manner.
(a)
on the first anniversary of the licence and annually thereafter, the annual licence fee shall be based on the audited accounts of the licensee; or
(b)
if the audited accounts have not been finalized on or before the first anniversary or subsequent anniversaries, the annual licence fees shall first be based on the unaudited accounts of the licensee provided that within six months after the first anniversary or subsequent anniversary, an adjustment shall be made to the annual licence fees based on the audited accounts of the licensee.
(3)
A renewal fee shall be payable upon approval of the application for renewal of each licence.
(4)
The security to be paid for a licence shall be as determined by the State Water Authority.
(5)
The State Water Authority may in his disrection retain such sum out of the security stipulated under subregulation (4) which is deemed sufficient by the State Water Authority to meet the obligations of the licensee under the terms and conditions of the licence.
Refusal to grant a licence