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3. (1) Subject to paragraph (2) below, the Authority shall determine each year the total amount of the levies which it proposes to issue under section 62 of the 1997 Act (“the determination”) for the following financial year (“the relevant year”).
(2) Before making the determination the Authority shall, in addition to the matters set out in paragraph 1(4) of Schedule 5 to the 1997 Act, also take account of—
(a)the expenditure the Authority estimates it will incur in the relevant year in performing its functions (“operating costs”); and
(b)the estimated expenses and allowances payable to the Authority members under paragraph 17 of Schedule 2 for the relevant year.
(3) For the purpose of paragraph (2)(a) above operating costs shall include any remuneration, including pensions, payable to and in respect of the Authority’s officers and employees, the cost of any accommodation occupied by the Authority and the cost of any services provided to the Authority.