#### 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: ![](image.004.png) (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.

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