Version No. 008
Monetary Units Act 2004
No. 10 of 2004
Version incorporating amendments as at
1 March 2025
TABLE OF PROVISIONS
Section Page
1Purposes
2Commencement
3Definitions
4Meaning of fee unit
5Calculation of value of fee and penalty units
6Notification of values of fee and penalty units
7Calculation of a fee or penalty
8Certain monetary amounts to be construed in fee units or penalty units
9Regulations
10Notification of fees and penalties
11Provisions for 2012–2013
12Subordinate Legislation Act 1994
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Endnotes
1 General information
2 Table of Amendments
3 Explanatory details
Version No. 008
Monetary Units Act 2004
No. 10 of 2004
Version incorporating amendments as at
1 March 2025
The Parliament of Victoria enacts as follows:
1Purposes
The main purposes of this Act are—
(a)to provide for fees and penalties to be fixed by reference to fee units or penalty units that can be indexed annually by an amount to be fixed by the Treasurer;
(b)to change certain penalties that are specified in monetary amounts in certain Acts to penalty units;
(c)to change certain fees that are specified in monetary amounts in certain Acts to fee units;
(d)to authorise the Governor in Council to make regulations—
(i)converting references to fees and penalties in monetary amounts to equivalent fee units and penalty units;
(ii)converting references to fee units and penalty units to equivalent fees and penalties in monetary amounts;
(iii)converting existing references to fee units to equivalent fee units under this Act;
(iv)converting existing references to the monetary value of fee units or penalty units to the equivalent value under this Act;
(v)increasing fees that have remained in monetary amounts to fee units having regard to the indexation that would have applied if they were in fee units;
(e)to change penalty units in the Petroleum (Submerged Lands) Act 1982 to monetary amounts;
(f)to amend the Sentencing Act 1991 and the Subordinate Legislation Act 1994.
2Commencement
(1)This section and sections 1, 3, 9, 11 and 12 come into operation on the day on which this Act receives the Royal Assent.
(2)The remaining provisions of this Act come into operation on 1 July 2004.
3Definitions
In this Act—
fee includes charge or other amount;
instrument maker has the same meaning as in the Subordinate Legislation Act 1994;
legislative instrument has the same meaning as in the Subordinate Legislation Act 1994;
penalty means a fine or other monetary penalty and includes an amount payable under an Act or statutory rule in respect of an offence for which an infringement notice can be issued under the Act;
penalty unit has the same meaning as in section 110 of the Sentencing Act 1991;
statutory rule has the same meaning as in the Subordinate Legislation Act 1994.
4Meaning of fee unit
If in an Act, a statutory rule or a legislative instrument there is a statement of a number (whether whole, fractional or decimal) of what are called fee units, that statement must, unless the context otherwise…