What type of offence is theft if the value is less than $5,000?

The correct classification of theft involving a value of less than $5,000 is identified as a dual offence, also known as a hybrid offence. This means that it can be prosecuted either as a summary offence or an indictable offence, depending on how the prosecutor chooses to proceed based on the circumstances of the case.

The classification as a dual offence is significant because it provides flexibility in the judicial proceedings. For minor cases, prosecutors might decide to proceed with a summary conviction, which is typically quicker and has less severe penalties. On the other hand, if the case exhibits factors that warrant a greater level of scrutiny or punishment, the prosecution may opt to treat it as an indictable offence. This decision can depend on various factors such as the offender's criminal history, the context of the theft, and whether there are aggravating circumstances.

Low-value thefts below the $5,000 threshold often prioritize swift judicial processes and can be treated with less severity compared to more serious, higher-value thefts, emulating the essence of dual offences in providing a range of prosecutorial options.