110Meaning of penalty units

110 Meaning of penalty units S. 110(1) amended by No. 9/2020 s. 390(Sch. 1 item 90.3). (1) If in an Act or subordinate instrument there is a statement of a number (whether whole, decimal or fractional) of what are called ***penalty units***, that statement must, unless the context otherwise requires, be construed as stating a number of dollars equal to the product obtained by multiplying the number of penalty units by the amount fixed from time to time by the Treasurer under section 5(3) of the **Monetary Units Act 2004**. S. 110(2) repealed by No. 9/2020 s. 390(Sch. 1 item 90.4). S. 111 amended by No. 48/1997 s. 30.