(1) For the purposes of section 115 (2) (c) of the Law, the prescribed fee for the financial year beginning on 1 July 2023 is $124.
(2) For the purposes of section 115 (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— where—
"P" is the amount of the fee payable in the previous financial year;
"FX" is the indexation factor for the relevant financial year.