sch.3-sec-oc.2Calculation of fee unit

sch.3-sec-oc.2 Calculation of fee unit

Calculation of fee unit

(1) For this schedule, a fee unit is—

(a) in the financial year 2026–27—$131.66, and

(b) in each later financial year—the amount calculated as follows—

where—

A is the CPI number for the March quarter of the financial year immediately preceding the financial year for which the amount is calculated.

B is the CPI number for the March quarter of 2026.

(2) The amount of a fee calculated by reference to 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.

(4) As soon as practicable after the Australian Bureau of Statistics publishes the CPI number for the March quarter of a financial year, the Registrar-General must—

(a) notify the Parliamentary Counsel of the amount of the fee unit for the next financial year to allow notice of the amount to be published on the NSW legislation website, and

(b) publish, on an appropriate government website, the fees calculated under this section for each financial year.

(5) A failure to comply with subsection (4) does not affect the operation of this section.

(6) In this section—

CPI number means the Consumer Price Index (All Groups Index) for Sydney published by the Australian Bureau of Statistics in the latest published series of the index.

financial year means a period of 12 months commencing on 1 July.