17Calculation of fee unit

17 Calculation of fee unit

17 Calculation of fee unit

(1) For this regulation, a fee unit is as follows—

(a) in the financial year 2025–26—$100,

(b) in each later 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 2025.

(2) The amount of a fee unit must be rounded to the nearest cent and an amount of 0.5 cent must be rounded down.

(3) If the amount of a fee unit calculated for a financial year is less than the amount that applied for the previous financial year, the amount for the previous financial year applies instead.