Regulation 4 is amended by revoking subclause (1) and substituting the following subclause:
“(1) The Commerce Commission must prepare, as soon as is reasonably practicable, a schedule that—
“(a) identifies, in respect of the processing of applications generally, the stages of the work involved and, if practicable, the likely apportionment of costs between those stages:
“(b) identifies, in respect of the processing of any particular application, a method of calculation to determine the actual cost of processing the application and refund:
“(c) indicates how refunds will be paid in the event that the actual cost of processing is materially less than the fee paid under these regulations.”