Practitioners should be aware of a range of fee increases in the new financial year.
Fees payable in the Federal Courts and Tribunals will increase from 1 July 2024 to reflect changes to the Consumer Price Index over the past financial year.
This is an automatic increase provided for by the relevant fees regulations.
A notice in the Government Notices Gazette on 12 June 2024 sets out the new fees payable.
There are also fee increases at the Federal Circuit and Family Court of Australia.
General federal law fees update: https://www.fcfcoa.gov.au/news-and-media-centre/latest-news/gfl-fees-increase
Family law fees update: https://www.fcfcoa.gov.au/news-and-media-centre/latest-news/fl-fees-increase.
In Queensland, there will be an increase to the prescribed monetary value of the penalty unit under the Penalties and Sentences Act 1992 (PS Act) effective from 1 July 2024.
The Penalties and Sentences (Penalty Unit Value) Amendment Regulations 2024, published on the Queensland Office of the Parliamentary Counsel website on 17 May 2024, amends Section 3 of the Penalties and Sentences Regulation 2015 to prescribe a new penalty unit value of $161.30 for sections 5(1)(a)(i), (c)(i) and (e)(i) of the PS Act.
This is an increase of 4.2 per cent to the current penalty unit value and is in accordance with the indexation mechanism prescribed in Section 5A of the PS Act.
Titles Queensland has also revised it fees and these will take effect from 1 July also.
This revision is in accordance with Section 14 of the Queensland Future Fund (Titles Registry) Act 2021.
Titles Queensland’s online fee calculator will be updated to reflect these changes.
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