Victorian Numbered Regulations Victorian Numbered RegulationsS.R. No. 154/2018
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STATUTORY RULES 2018
S.R. No. 154/2018
Owners Corporations Regulations 2018
The Governor in Council makes the following Regulations:
Dated: 10 October 2018
Responsible Minister:
MARLENE KAIROUZ
Minister for Consumer Affairs,
Gaming and Liquor Regulation
ANDREW ROBINSON
Clerk of the Executive Council
[1] Reg. 3: S.R. No. 130/2007 as amended by S.R. Nos 33/2011 and 114/2014 and extended in operation by S.R. No. 119/2017.
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Fee Units
These Regulations provide for fees by reference to fee units within the meaning of the Monetary Units Act 2004.
The amount of the fee is to be calculated, in accordance with section 7 of that Act, by multiplying the number of fee units applicable by the value of a fee unit.
The value of a fee unit for the financial year commencing 1 July 2018 is $14.45. The amount of the calculated fee may be rounded to the nearest 10 cents.
The value of a fee unit for future financial years is to be fixed by the Treasurer under section 5 of the Monetary Units Act 2004. The value of a fee unit for a financial year must be published in the Government Gazette and a Victorian newspaper before 1 June in the preceding financial year.
Penalty Units
These Regulations provide for penalties by reference to penalty units within the meaning of section 110 of the Sentencing Act 1991. The amount of the penalty is to be calculated, in accordance with section 7 of the Monetary Units Act 2004, by multiplying the number of penalty units applicable by the value of a penalty unit.
The value of a penalty unit for the financial year commencing 1 July 2018 is $161.19.
The amount of the calculated penalty may be rounded to the nearest dollar.
The value of a penalty unit for future financial years is to be fixed by the Treasurer under section 5 of the Monetary Units Act 2004. The value of a penalty unit for a financial year must be published in the Government Gazette and a Victorian newspaper before 1 June in the preceding financial year.