S.L. 409.5 Art. 7Fees due on reclassification.

(1) Whenever, during the validity of a licence, a tourism operation is reclassified in a class superior or inferior to the one shown on the licence, the Authority shall, on payment of the relative fee and new contribution by the tourism operator, substitute such licence with a new licence denoting the new classification.

(2) In any case falling under the provisions of subregulation (1), there shall be deducted from the relative amounts payable in respect of the new licence and new contribution the fee paid for the former licence and amount paid for the former contribution:

Provided that, where a reclassification as referred to in subregulation (1) is made after the first day of July, the deduction to be allowed shall be equal to one half of the fee paid in respect of the former licence.