Increase of ARCticks Annual application fees from 1 January 2014

Increase of ARCticks Annual application fees from 1 January 2014

http://www.arctick.org/coolchange/issue-31/article3.php

Fees for RAC licences will increase slightly on 1 January 2014, in-line with the Wage Price Index (WPI). The Ozone Protection and Synthetic Greenhouse Gas Management Regulations (1995) set out the annual indexation of fees on the basis of the WPI (2.7% for 2014).

Application fees were raised on 1 January 2013 following the first review of fees since the licensing schemes began. The increase in 2013 and the introduction of annual indexation from 2014 aims to ensure that the cost of implementing the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 (the Act) continues to be met by the fees charged. The rate of cost recovery through the licensing schemes will be addressed as part of an upcoming review of cost recovery under the Act. Revenue provided through licence fees, the import and manufacture levy and income received from the operation of the National Halon Bank is directed to paying the Commonwealth’s costs associated with administering the Ozone legislation, as well as the costs associated with programs to phase out and reduce emissions of ozone depleting substances (ODS) and synthetic greenhouse gases (SGG).

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