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Education Services for Overseas Students (TPS Levies) Act 2012
9Risk rated premium component
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#### 9 Risk rated premium component
(1) A registered provider’s risk rated premium component for a year is the sum of the provider’s risk components for each risk factor for the year.
(2) A registered provider’s risk component for a risk factor for a year is worked out in accordance with the following formula:

(3) Before the beginning of each year, the TPS Director must, by legislative instrument, specify the following for the purposes of subsection (2):
(a) a percentage for that year;
(b) one or more risk factors that reflect the risk of calls being made on the OSTF in respect of registered providers with that factor or those factors;
(c) for each risk factor, the factor by which the specified percentage for that year is multiplied.
> Note: For rules relating to making the legislative instrument, see section 11.