Licence fee units

Understand how WorkSafe calculates the cost of licences.

Date last updated

Thursday 02 Jul 2020

Industries and topics
  • Licences

Licence costs are created from standard 'fee units'

Fee unit is a dollar amount defined in the Monetary Units Act 2004.

They are used to calculate certain statutory fees. The dollar amount of a fee unit is fixed for each financial year. A fee is calculated by multiplying the fee units prescribed in the Regulations by the current value of a fee unit. The amount of the calculated fee may be rounded to the nearest 5 or 10 cents.

The value of a fee unit for the 2019/2020 financial year was $14.81. The value of a fee unit for the 2020/2021 financial year remains at $14.81.

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