Licence fee units

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 2022/2023 financial year was $15.29. The value of a fee unit for the 2023/2024 financial year is $15.90.