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Increase in the value of penalty units

Ruling number   TAA 001
Date issued 27 October 1997
Issued by B Buchanan
Chief Commissioner of State Revenue
Effective from 1 September 1997
Effective to -
Status Current

Preamble

  • The various taxation laws administered by the Office of State Revenue provide for the imposition of penalty units for certain offences.

  • The value of the penalty unit is determined by Section 56 of the Interpretation Act 1987.

  • Prior to this amendment Section 56 provided that a number of penalty units is equal to the amount obtained by multiplying the number of penalty units by $100. This section has remained unaltered since 1987 although monetary values have been eroded by inflation.

  • The Statute Law (Miscellaneous Provisions) Act 1997 which was assented to on 2 July 1997 contains a provision amending section 56 of the Interpretation Act 1987.

Ruling

  • The amendment increases the amount represented by each penalty unit from $100 to $110.

  • By way of example, upon commencement of the amendment, a reference to a maximum penalty of 5 penalty units will now mean a maximum penalty of $550 instead of $500. The increase will not affect the penalty for any offence committed prior to the amendment coming into force.

  • The amendment is proclaimed to commence on 1 September 1997. The higher penalty rate only applies to offences committed on or after that date.

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