MONETARY UNITS ACT 2004 - SECT 11 Provisions for 2012–2013
MONETARY UNITS ACT 2004 - SECT 11
Provisions for 2012–2013(1) Despite sections 5 and 6, for the financial year commencing on 1 July 2012—
(a) the value of a fee unit is $12.53; and
(b) the value of a penalty unit is $140.84.
(2) Any reference in this Act or any other Act or statutory rule to the value of a fee unit or penalty unit calculated in accordance with section 5(3) is to be treated for the financial year commencing on 1 July 2012 as a reference to the value of a fee unit or penalty unit as provided by subsection (1).
(3) Despite section 5, the annual rate for the financial year commencing on 1 July 2012 is taken to be 2·5%.
(4) Any reference in this Act or any other Act or statutory rule to the annual rate fixed in accordance with section 5(4) for the financial year commencing on 1 July 2012 is to be treated as a reference to the annual rate as provided by subsection (3).