Commonwealth Consolidated Acts

EDUCATION SERVICES FOR OVERSEAS STUDENTS (TPS LEVIES) ACT 2012 - SECT 9

  (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 provider s 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 .