Additional Premium (for those providers who are non-responsive for the first time) |
The greater of either:
- the provider’s 2010 estimated overseas student fee income increased by a 20% uplift factor, multiplied by the applicable Additional Premium rate, or
- the provider’s 2010 estimated overseas student fee income multiplied by the applicable Additional Premium rate plus a $255 surcharge. The provider will be requested to submit a manual RFI.
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After the provider submits the manual RFI, this amount ($255 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 2010 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 2010 estimated overseas student fee income multiplied by the applicable Additional Premium rate multiplied by a factor of 10 plus a $255 surcharge.
The provider will be required to submit a manual RFI.
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After the provider submits the manual RFI, this amount ($255 or 20% uplift) is reversed and an adjustment between the actual and estimated overseas fee income is issued. The increased additional premium rate will not be adjusted when the providers submit their manual RFI. |
