(1) For the purposes of section 54(2)(c) of the Law, the prescribed fee for the financial year beginning on 1 July 2023 is to be calculated in accordance with the following formula--
"FX" is the indexation factor for the financial year beginning on 1 July 2023.
(2) For the purposes of section 54(2)(c) of the Law, in a financial year beginning on 1 July 2024 or 1 July in a later year (the
"relevant financial year" ), the prescribed fee is to be calculated in accordance with the following formula--
"P" is the amount of the fee payable in the previous financial year;
"FX" is the indexation factor for the relevant financial year.