Section 236C - Education and Care Services National Regulations (NSW) - Prescribed fee—application for provider approval

236CPrescribed fee—application for provider approval

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236C Prescribed fee—application for provider approval

(1) For the purposes of section 11(d) of the Law, the prescribed fee for the financial year beginning on 1 July 2023 is to be calculated in accordance with the following formula—

where—

FX is the indexation factor for the financial year beginning on 1 July 2023.

(2) For the purposes of section 11(d) of the Law, the prescribed fee for the financial year beginning on 1 July 2024 is to be calculated in accordance with the following formula—

where—

P is the amount of the fee payable for the financial year beginning on 1 July 2023 calculated in accordance with subregulation (1);

FX is the indexation factor for the financial year beginning on 1 July 2024.

(3) For the purposes of section 11(d) of the Law, the prescribed fee for the financial year beginning on 1 July 2025 is to be calculated in accordance with the following formula—

where—

P is the amount of the fee payable for the financial year beginning on 1 July 2024 calculated in accordance with subregulation (2);

FX is the indexation factor for the financial year beginning on 1 July 2025.

(4) For the purposes of section 11(d) of the Law, in a financial year beginning on 1 July 2026 or 1 July in a later year (the relevant financial year), the prescribed fee is to be calculated in accordance with the following formula—

where—

P is the amount of the fee payable in the previous financial year;

FX is the indexation factor for the relevant financial year.