s 11 Licence fees
11.—(1) A licensed financial adviser must, on a yearly basis on or before such date and in such manner as the Authority may specify, pay such licence fee as the Authority may prescribe.[1/2009] [Act 12 of 2024 wef 24/01/2025] (2) Any licence fee paid to the Authority under this Act must not be refunded or remitted if —(a) during the period to which the licence fee relates, the licence is revoked or suspended or lapses under section 15; (b) during the period to which the licence fee relates, the licensed financial adviser fails or ceases to provide any financial advisory service; or (c) a prohibition order has been made against the licensed financial adviser.[1/2009] [Act 18 of 2022 wef 31/07/2024] (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. (4) Where a licensed financial adviser fails to pay the licence fee by the date on which such fee is due, the Authority may impose a late payment fee of a prescribed amount for every day or part of a day that the payment is late and both fees are recoverable by the Authority as a judgment debt.[14 [1/2009]