No. Reporting time pay penalty is not due under the following circumstances:
According to the Department of Industrial Relations, reporting time pay provisions also do not apply to an employee on paid standby status or when an employee has a regularly scheduled shift of less than two hours, such as a relief cashier who works only during a one-hour period in the middle of the day.
The reporting time pay provision is applicable if the employee is required to report to work, and does report as scheduled ready, willing and able to work.
Read about Reporting Time Pay in the HR Library.