what does a 15 day grace period mean
Grace period A grace period is a period immediately after the deadline for an obligation during which a late fee, or other action that would have been taken as a result of failing to meet the deadline, is waived provided that the obligation is satisfied during the grace period. Grace periods can range from a number of minutes to a number of days or longer, and can apply in situations including arrival at a job, paying a bill, or meeting a government or legal requirement.
Point system (driving) Victoria introduced a demerit points suspension scheme in 1970. Learner and probationary drivers are sent a combined option-suspension notice for accumulating 5 points or more over any 12-month period. An option notice allows for either a 12-month bond or a three-month minimum suspension. If a driver breaches the bond by incurring one demerit point in the 12-month period, their licence is suspended for a minimum of six months. A limit of 12 points in any three-year period with the same option applies for full licence holders. The list of traffic offences and their respective points is in schedule 3 of the Road Safety (Drivers) Regulations 2009.