05 Mar

Penalty Unit Costs Set For Automatic Increase.

GCL Dollar1Penalties Units Set for Rise

The Penalties and Sentences (Indexation) Amendment Act 2013 was passed on 5 March 2014.  This legislation allows for the annual indexing of penalty units under the State Penalties Enforcement Act 1999 such that further legislation is not required to increase the penalty rate (unless an increase is to be above the indexed rate).

The value of a penalty unit will automatically increase each year at a rate to be published by the Treasurer and if no rate is published, by 3.5%.


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