Common use of Regulatory Fees Clause in Contracts

Regulatory Fees. 6.1. The Electronic Lodger must pay to Titles Queensland all Regulatory Fees that would be payable if the Instruments/Documents were lodged in person. 6.2. The Electronic Lodger must nominate a payment method for Regulatory Fees by documenting only one of the payment methods in Item 5, Schedule C of this Agreement. The Electronic Lodger may elect to change their nominated payment method by giving reasonable notice in writing to Titles Queensland. 6.3. If the Electronic Lodger’s nominated payment method for Regulatory Fees is direct debit, the Electronic Lodger must set up a bank account with a direct debit facility accessible by Titles Queensland and complete the direct debit authority form provided by Titles Queensland. 6.4. When the Electronic Lodger electronically lodges Instruments/Documents during a business day, Titles Queensland will direct debit the Electronic Lodger’s direct debit account for the total amount of the Regulatory Fees payable in respect of those lodgements for that day. 6.5. The Electronic Lodger will not revoke the direct debit authority in favour of Titles Queensland or close the nominated account, during the Term or until all Regulatory Fees are paid, without the written consent of Titles Queensland. 6.6. Regulatory Fees payable by the following methods must be delivered to Titles Queensland as follows: 6.6.1. Where payment is to be made by direct debit, funds will be automatically removed from the Electronic Lodger's nominated bank account the business day following lodgement of documents. The Electronic Lodger must ensure that there are sufficient cleared funds in the nominated account at all times to permit payment of the Regulatory Fees. 6.6.2. Where payment is to be made by direct deposit into the account nominated in Item 5 of Schedule B, the Electronic Lodger is responsible for electronically transferring fund to the Titles Queensland account by 11:30 am (EST) on the business day following lodgement. A remittance to provide proof of payment must be provided to Titles Queensland when payment is made at XxxxxxXxxxxxx@xxxxxxxxx.xxx.xx or any other method nominated by Titles Queensland from time to time. 6.6.3. Where payment is to be made by credit card (of which only Visa and MasterCard are accepted) a payment link will be sent to the Electronic Ledger's designated email address and payment must be made by 11:30 am (EST) on the business day following lodgement of the documents. 6.7. The Electronic Lodger acknowledges that a failure to pay in accordance with this clause 6 may result in delays in Registration. Where payment is pursuant to this clause, then clauses 6.3 and 6.5 will not be applicable. 6.8. For the purpose of clause 6.1, payment of the Regulatory Fee is not deemed made unless the Regulatory Fee for the Instruments/Documents is received by Titles Queensland. If the Electronic Lodger receives written notice from Titles Queensland advising that the payment of the Regulatory Fee has not been made, the Electronic Lodger must pay the outstanding Regulatory Fee within 1 business day. 6.9. If payment of the Regulatory Fee has not been paid pursuant to clauses 6.1 to 6.8 and remains outstanding, Titles Queensland may request the Electronic Lodger satisfy payment by other means nominated by Titles Queensland at its discretion. Titles Queensland may suspend the Electronic Lodger's account until full payment of the Regulatory Fee is paid.