Section 7: Fees and charges for licences.

(1) On the issue or renewal of a licence, and where the regulations under this Act so provide, at such times thereafter as may be prescribed by the regulations, there shall be paid to the Commission, or such person as it may appoint, by the person to whom the licence is issued such sums as may be prescribed by regulations to be made by the Commission, and different provision may be made in relation to different licences, according to the nature, terms, provisions, limitations and duration thereof.
(2) Where sums will or may become payable under subsection (1) of this section, subsequently to the issue or renewal of a licence, the Commission may, on the issue or renewal thereof, require such security to be given, by way of deposit or otherwise, for the payment of the sums which will or may become payable as he thinks fit.