(1) For each development application lodged with a consent authority for development referred to in clause 246B(1) having an estimated cost exceeding $50,000, an amount calculated as follows is to be set aside for payment to the Planning Secretary for the services referred to in clause 246A(2)(g), (h) and (j)--
"P" represents the amount to be set aside, expressed in dollars rounded down to the nearest dollar, and
"E" represents the estimated cost of the development, expressed in dollars rounded up to the nearest thousand dollars.
(1A) The amount referred to in subclause (1) is to be applied by the Secretary to the services referred to in clause 246A(2)(g), (h) and (j).
(2) The consent authority must forward to the Planning Secretary--(a) on or before the 14th day of each month, a report in relation to development applications lodged with it during the previous month containing such information, and being prepared in such form, as the Planning Secretary may determine, and(b) on or before the 28th day of each month, the total amount set aside under subclause (1) in relation to those development applications.
(3) The Planning Secretary may at any time reduce or waive (unconditionally or subject to conditions) the amount to be paid under this clause.