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14.9.2 Administrative Fee for Appeal

(1) An appellant (other than SGX-ST) must pay an administrative fee of $1,500 when submitting a Notice of Appeal.
(2) The administrative fee is not refundable unless:—
(a) the appellant tells the Secretary of the Appeals Committee in writing of withdrawal of the appeal at least 7 days before the hearing of the appeal;
(b) the appeal is successful; or
(c) the Chairman of the Appeals Committee agrees to a refund, whether in full or in part.