Licence costs are created from standard 'fee units'
The Occupational Health and Safety (OHS) Regulations and EPS Regulations provide for fees by reference to 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 2018/2019 financial year was $14.45. The value of a fee unit for the 2019/2020 financial year is $14.81.