|Ruling number||TAA 001|
|Date issued||27 October 1997|
|Issued by||B Buchanan|
Chief Commissioner of State Revenue
|Effective from||1 September 1997|
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.
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.