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Western Australian Singapore Business Council

The President and the Executive Committee wishes all our members a very safe and happy Christmas and New Year ....

Fee Calculation

How the fees are calculated

All new Individual and Corporate members will be charged a joining fee of:

$22 for Individual Membership per annum

$110 for Corporate Membership per annum

* All membership expires after 12 months

* A renewal will be sent out to the individual or corporate member to renew their membership. This renewal fee will be adjusted ( one time only ) to the 30th of June for that year

* Depending on what date they join the WASBC, this membership renewal may be more than 1 calendar year

* All subsequent renewals will occur on the 1^st of July every year after that

Adjusted Fees ( Individual Membership )

The calculation of fees are as follows: $20 divided by 12 months = $1.70 (rounded)

GST is rounded up to the nearest 5 cents

	Membership period	Fee payable/GST	Total Payable
January	Jan – June (18 mths)	30.60 / 3.60	$ 34.20
February	Feb – June (17 mths)	28.90 / 2.90	$ 31.80
March	Mar – June (16mths)	27.20 / 2.75	$ 29.95
April	Apr – June (15 mths)	25.50 / 2.55	$ 28.05
May	May – June (14 mths)	23.80 / 2.40	$ 26.2
June	June – June (13 mths)	22.10 / 2.25	$ 24.35
July	July – June (12 mths)	20.40 / 2.05	$ 22.45
August	Aug – June (11 mths)	18.70 / 1.90	$ 20.60
September	Sept – June (10 mths)	17.00 / 1.70	$ 18.70
October	Oct – June (9 mths)	15.30 / 1.55	$ 16.85
November	Nov – June (8 mths)	13.60 / 1.40	$ 15.00
December	Dec – June (7 mths)	11.90 / 1.20	$ 13.10

Example 1: If the membership starts in January (any year), the first membership renewal will be for 18 months and total payable will be $34.20

Example 2: If the membership starts in December (any year), the first membership renewal will be for 7 months and the total payable will be $ 13.10

Adjusted Fees ( Corporate Membership )

The calculation of fees are as follows: $100 divided by 12 months = $8.35 (rounded)

GST is rounded up to the nearest 5 cents

	Membership period	Fee payable/GST	Total Payable
January	Jan – June (18 mths)	150.30 / 15.05	$ 165.35
February	Feb – June (17 mths)	141.95 / 14.20	$ 156.15
March	Mar – June (16mths)	133.60 / 13.40	$ 147.00
April	Apr – June (15 mths)	125.25 / 12.55	$ 137.80
May	May – June (14 mths)	116.90 / 11.70	$ 128.60
June	June – June (13 mths)	108.55 / 10.85	$ 119.40
July	July – June (12 mths)	100.20 / 10.05	$ 110.25
August	Aug – June (11 mths)	91.85 / 9.20	$ 101.05
September	Sept – June (10 mths)	83.50 / 8.35	$ 91.85
October	Oct – June (9 mths)	75.15 / 7.55	$ 82.70
November	Nov – June (8 mths)	66.80 / 6.70	$ 73.50
December	Dec – June (7 mths)	58.45 / 5.85	$ 64.30

Example 1: If the membership starts in January (any year), the membership renewal will be for 18 months and total payable will be $ 165.35 .

Example 2: If the membership starts in December (any year), the membership renewal will be for 7 months and the total payable will be $ 64.30

This information is posted for WASBC members who wish to find out how the adjusted fees are calculated

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Last modified: January 14, 2003