54   Periodic administration fees for continuing registration

(1)  It is a condition of continuing registration that the registered person must, within 14 days after each anniversary of the date on which the relevant certificate of registration was issued, pay to the relevant registration authority a registration administration fee of an amount prescribed by or under the relevant registration legislation.

(2)  If payment is made by means of electronic communication, the registration administration fee otherwise payable:

(a)  is to be reduced by $5, or

(b)  is to be reduced by 10 per cent, and rounded to the nearest whole dollar,

      whichever results in the greater reduction.