| Item |
Amount |
Details |
| Base Premium |
$510 |
|
Non-refundable
Administration Fee |
$325 |
Non-refundable |
| Additional Premium (for those providers who are non-responsive for the first time) |
The greater of either:
- the provider’s 2007 estimated overseas student fee income increased by a 20% uplift factor, multiplied by the applicable Additional Premium rate, or
- the provider’s 2007 estimated overseas student fee income multiplied by the applicable Additional Premium rate plus a $220 surcharge.
AND the provider will be requested to submit a manual RFI.
|
After provider submits manual RFI, this amount ($220 or 20% uplift) is reversed and an adjustment between the actual and estimated overseas fee income is issued. |
| Additional Premium (for those providers who are non-responsive for 2 or more consecutive years) |
The greater of either:
- the provider’s 2007 estimated overseas student fee income increased by a 20% uplift factor, multiplied by the applicable Additional Premium rate multiplied by a factor of 10, or
- the provider’s 2007 estimated overseas student fee income multiplied by the applicable Additional Premium rate multiplied by a factor of 10 plus a $220 surcharge. The provider will be required to submit RFI.
|
After provider submits manual RFI, this amount ($220 or 20% uplift) is reversed and an adjustment between the actual and estimated overseas fee income is issued. (i.e. the increased additional premium rate will not be adjusted when the providers submit their manual RFI). |
