Penalty Units

Acts which provide for penalties specify the penalties by way of penalty units rather than dollar amounts. The reason is that it would be a time consuming and difficult task to alter each Act each time a penalty (fine) was increased. It is simpler to provide for penalty units in each Act and alter the value of a penalty unit from time to time. For the financial year starting on 1st July 2008 the value of a penalty unit in Victoria is $113.42.

Garet Field-Sells

For over a decade, Garet's creative design, branding, and strategy career spans over interactive, print, technology, film and fashion for some of the world’s leading brands.

http://www.featured-work.com
Previous
Previous

Investment by Trustee

Next
Next

Probate: The Whys and Wherefores