Document ID: chunk:federal_register_of_legislation:C2022C00010:section:9
Version: federal_register_of_legislation:C2022C00010
Segment Type: section
Provision Reference: s 9
Character Range: 13293–14119

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.