Penalty units determine the amount a person is fined when they commit an infringeable offence.
The current value of a penalty unit is $158.57 (as at 1 July 2017).
For example, if an offence carries two penalty units, the total fine is $317.14.
The value of a penalty unit is set annually by the Department of Treasury and Finance, and is updated on 1 July each year.
Information about penalty units, fines and service-related fees can be found at various locations:
- a fact sheet outlining how fees and fines are set is available on the Department of Treasury & Finance website (external link)
- fines and penalties relating specifically to speeding offences can be found on the Cameras Save Lives website (External link)
If you receive a fine and do not pay it on time, you will be subject to additional charges. The amount will vary according to the type of fine you have received and the amount of time you let lapse before taking action.
For more information about the fines process, to pay your fine, or to explore your options, please visit the Fines Victoria website (External link)
Penalty interest rates
The penalty interest rate applies to debts arising from a civil judgment debt or court order (as opposed to penalty units, which relate to fines).
The penalty interest rate is reviewed regularly.
The current penalty interest rate was fixed by the Attorney General under section 2 of the Penalty Interest Rate Act 1983 at 10% per annum with effect on and from 1 February 2017.
A list of rates dating back to 1988 is available on the Magistrates' Court of Victoria website (External link)
If you need assistance in relation to how the rate applies to your business or personal affairs, seek independent legal advice or contact your local Community Legal Centre on 03 9652 1500.