Victorian Consolidated Legislation

Monetary Units Act 2004 - SECT 11

Transitional provisions for 2004-2005

11. Transitional provisions for 2004-2005



(1) Despite sections 5 and 6, for the financial year commencing on 1 July
2004, the value of-

   (a)  a fee unit is the amount of $10 multiplied by the annual rate fixed by
        the Treasurer for that financial year and notified in the Government
        Gazette on or before 1 July 2004;

   (b)  a penalty unit is the amount of $100 multiplied by the annual rate
        fixed by the Treasurer for that financial year and notified in the
        Government Gazette on or before 1 July 2004.

(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 2004 as a reference to
a fee unit or penalty unit calculated in accordance with this section.