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What happens next - SRV

As a result of the 2 February 2017 meeting, Council resolved to apply to the Independent Pricing and Regulatory Tribunal (IPART) for a special rate variation of 7.5 per cent per year on the ordinary general land rate, for the next four years.

The 7.5 per cent increase includes the rate peg.  It does not apply to water, waste, stormwater and sewer charges. At the end of the four year period, the special rate variation increase will be built into the rate base and permanently retained.

IPART has approved Council's application and the new rates will come into effect from 1 July, 2017.

IPART website:  https://www.ipart.nsw.gov.au/Home/Industries/Local-Government