(1) For the purposes of this Act, the value of a
"penalty unit" is--(a) for the financial year 2019-20--$100, and(b) for each subsequent financial year--the amount calculated as follows--
"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 2019.
(2) However, if the amount of a penalty unit calculated for any financial year is less than the amount that applied in the previous financial year, then the amount for that previous financial year applies instead.
Editorial note--: Fee unit amount calculated under this section--
Financial year Fee unit amount 2020-21 $102.00 2021-22 $102.95 2022-23 $107.47 2023-24 $115.29 2024-25 $120.42