5CRICOS annual registration charge

5 CRICOS annual registration charge

(1) Charge is imposed on a provider for a year if the provider is a registered provider on 1 January of that year. (2) Charge imposed by subsection (1) is to be known as CRICOS annual registration charge. (3) CRICOS annual registration charge imposed on a provider for a year is payable by the provider. Amount of charge (4) The amount of CRICOS annual registration charge imposed on a provider for a year is the amount: (a) prescribed by the regulations for that year; or (b) worked out for that year in accordance with a method prescribed by the regulations. (5) Without limiting paragraph (4)(b), the regulations may provide for the amount of CRICOS annual registration charge imposed on a provider for a year to be equal to the sum of such components as are prescribed by, or ascertained in accordance with, the regulations. (6) Before the Governor‑General makes regulations for the purposes of subsection (4), the Minister must be satisfied that the effect of those regulations will be to recover no more than the Commonwealth’s likely costs in connection with the Secretary’s performance of functions, and exercise of powers, under the Education Services for Overseas Students Act 2000. (7) For the purposes of subsection (6), disregard the following: (a) costs in connection with functions or powers covered by subsection 6(6) or 7(6); (b) costs that are likely to be offset by reinstatement fees. (8) The regulations may provide for indexation of amounts specified in the regulations. Exemption (9) The regulations may prescribe one or more classes of provider that are exempt from CRICOS annual registration charge.