The Ministry of Finance wishes
to correct misinformation that has filtered through the public regarding
the registration for business licences under the new Business Licence
Act.
 

Contrary to reports, the registration
of business licenses under the new Business Licence Act, does not carry
with it a late fee for persons who have missed the March 31 registration
deadline.

 

Under the new Act, persons
found to be operating a business without a business licence, and who
are charged and convicted before the courts for this offence, would
be liable to a fine of $5,000 plus $100 for each day he or she is in
contravention of the Act.