Calculation of fee unit for purposes of Regulation
2 Calculation of fee unit for purposes of Regulation
For the purposes of this Regulation, a fee unit is—
in the fee years 2018–19 and 2019–20—$100, and
in each subsequent fee year—the amount calculated as follows—
where—
A is the CPI number for the December quarter in the fee year immediately preceding the fee year for which the amount is calculated.
B is the CPI number for the December quarter of 2018.
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 fee year is less than the amount that applied for the previous fee year, then the amount for that previous fee year applies instead.
Editorial note.
Fee unit amount calculated under this clause—
Fee year
Fee unit amount
2020–21
$101.65
2021–22
$102.43
2023–24
$113.63
2024–25
$118.40
2025–26
$121.27
2026–27
$125.41
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