Calculation of fee unit
3 Calculation of fee unit
For the purposes of this Schedule, a fee unit is—
until the end of the financial year 2020–2021—$105.48, and
in each subsequent financial year—the amount calculated as follows—
where—
A is the CPI number for the March quarter in the financial year immediately preceding the financial year for which the amount is calculated.
B is the CPI number for the March quarter of 2017.
The amount of a fee unit is to be rounded to the nearest cent (and an amount of 0.5 cent is to be rounded down).
However, if the amount of a fee unit calculated for any financial year is less than the amount that applied for the previous financial year, then the amount for that previous financial year applies instead.
Editorial note.
Fee unit amount calculated under this clause—
Financial year
Fee unit amount
2021–22
$106.47
2022–23
$111.14
2023–24
$119.23
2024–25
$123.72
2025–26
$126.59
2026–27
$131.66
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