Victorian Consolidated Legislation

Monetary Units Act 2004 - SECT 1

Purposes

1. Purposes

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.