236GPrescribed fee—notification of intended transfer of service approval

236G Prescribed fee—notification of intended transfer of service approval

236G Prescribed fee—notification of intended transfer of service approval

(1) For the purposes of section 59(2)(c) 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 59(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 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 59(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 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 59(2)(c) 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.

Reg 236G: Ins 2023 (165), reg 34.