Victorian Numbered Regulations Victorian Numbered RegulationsS.R. No. 116/2017
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STATUTORY RULES 2017
S.R. No. 116/2017
Retirement Villages (Infringements) Regulations 2017
The Governor in Council makes the following Regulations:
Dated: 15 November 2017
Responsible Minister:
MARLENE KAIROUZ
Minister for Consumer Affairs,
Gaming and Liquor Regulation
ANDREW ROBINSON
Clerk of the Executive Council
Penalty Units
These Regulations provide for penalties by reference to penalty units within the meaning of section 110 of the Sentencing Act 1991. The amount of the penalty is to be calculated, in accordance with section 7 of the Monetary Units Act 2004, by multiplying the number of penalty units applicable by the value of a penalty unit.
The value of a penalty unit for the financial year commencing 1 July 2017 is $158.57.
The amount of the calculated penalty may be rounded to the nearest dollar.
The value of a penalty unit for future financial years is to be fixed by the Treasurer under section 5 of the Monetary Units Act 2004. The value of a penalty unit for a financial year must be published in the Government Gazette and a Victorian newspaper before 1 June in the preceding financial year.