1.1.P.120 Penalty unit
Definition
A contravention of a PPLAct civil penalty provision may result in Centrelink or the FWO requiring a person to pay a pecuniary penalty in relation to the contravention, or the Federal Circuit Court of Australia may, on the application of Centrelink or the FWO, order the person to pay a pecuniary penalty in relation to the contravention.
Under subsection 82(5) of the Regulatory Powers (Standard Provisions) Act 2014, the pecuniary penalty imposed must not be more than that specified (or, for a body corporate, no more than 5 times that specified). The value of a penalty unit is prescribed in the Crimes Act 1914 and can be indexed.
On 1 July 2023 the penalty unit was indexed. The new value for an offence on or after 1 July 2023 is $313.00.
Act reference: PPLAct section 6 The Dictionary
Crimes Act 1914 section 4AA Penalty units
Regulatory Powers (Standard Provisions) Act 2014 Part 4 Civil penalty provisions