s 90D

Additional increase to fees in 2020, 2021 and 2022 financial years

In force

(1)

At the start of a financial year (an indexation year) beginning on 1 July 2020, 1 July 2021 or 1 July 2022, an amount worked out under regulation 90C (the base amount) is replaced by the amount worked out using the formula:

(2)

In subregulation (1), the fee increase factor for an indexation year is as follows:

(a)

for the indexation year beginning on 1 July 2020—1.158;

(b)

for the indexation year beginning on 1 July 2021—1.136;

(c)

for the indexation year beginning on 1 July 2022—1.12.

(3)

Amounts worked out under subregulation (1) are to be rounded to the nearest whole dollar (rounding 50 cents upwards).

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