COMMONWEALTH PENALTY UNIT

On 28 November 2012, the Crimes Legislation Amendment (Serious Drugs, Identity Crime and Other Measures) Bill 2012 received royal assent.

Penalty Increase

This act increases the value of a penalty unit from $110 to $170.00 and requires the value of a penalty unit to be reviewed every three (3) years. The value of a penalty unit has not increased since 1997. The change affects the value of a penalty unit in most Commonwealth laws, including the Taxation Administration Act 1953.

The new value of a penalty unit applies where the matter at giving rise to the penalty occurs on or after 28 December 2012.