(1) If the monetary value of a penalty unit determined under section 5 is an amount of $131 or any higher multiple of $1, the higher amount must be prescribed by regulation as the monetary value of a penalty unit.
(2) A change in the prescribed value has no effect until the regulation takes effect.
(3) The new prescribed value applies in calculating the monetary amount of a penalty only in respect of an offence committed, or a liability for a penalty arising, after the change takes effect.