236LPrescribed fee—application for review by the Ratings Review Panel of rating level

236L Prescribed fee—application for review by the Ratings Review Panel of rating level

236L Prescribed fee—application for review by the Ratings Review Panel of rating level

(1) For the purposes of section 145(2)(c) of the Law, the prescribed fee for the financial year beginning on 1 July 2023 in relation to a small service, a medium service or a large service is to be calculated in accordance with the following formula—

where—

F is—

(a) in the case of a small service, $482;

(b) in the case of a medium service, $725;

(c) in the case of a large service, $967;

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

(2) For the purposes of section 145(2)(c) of the Law, the prescribed fee for the financial year beginning on 1 July 2023 in relation to an extra-large service 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.

(3) For the purposes of section 145(2)(c) 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 relevant fee payable for the financial year beginning on 1 July 2023 calculated in accordance with subregulation (1) or (2);

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

(4) For the purposes of section 145(2)(c) 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 relevant fee payable for the financial year beginning on 1 July 2024 calculated in accordance with subregulation (3);