s 57C Licence fees
57C.—(1) Every licensee must pay to the Authority such licence fees as may be prescribed.
(2) Any licence fee paid to the Authority under this Act must not be refunded or remitted if, during the period to which the licence fee relates —(a)
the licence is revoked under section 57E; or
(b)
the licensee ceases to carry on the business of issuing credit cards or charge cards in Singapore.
(3) Subject to subsection (2), the Authority may, where it considers appropriate, refund or remit the whole or part of any licence fee paid or payable to it.
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