Penalty unit
nounpen·al·ty u·nitpronounced PEN-ul-tee YOO-nit
Last reviewed 16 April 2026
What does the noun Penalty unit mean?
A standardised measure used in Victorian legislation to set fine amounts. The dollar value of a penalty unit is indexed annually. As of 2025, one penalty unit equals approximately $197.59, making a 240-penalty-unit fine worth $47,422.
How the noun Penalty unit is used
The agent faced a fine of 240 penalty units for underquoting, which at current rates worked out to over $47,000.
Related words
Cite this entry
MLA citation: "Penalty unit." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/penalty-unit. Accessed 29 May 2026.
Chicago citation: How to Property. "Penalty unit." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/penalty-unit.
APA citation: How to Property. (2026, April 16). Penalty unit. https://howtoproperty.com.au/definitions/penalty-unit