We are reviewing our methodology of calculating the local government discount rate. We have published our Scope of Review.
We use this methodology to calculate the discount rate that we recommend councils apply if they are using a net present value approach to calculate local infrastructure contributions. IPART calculates and publishes the discount rate every 6 months.
We will be consulting broadly for this review. We will be publishing an Issues Paper soon to seek views and feedback from the local government and developer contributions industry.
This review aims to ensure that our discount rate methodology is fit for purpose and consistent with the aim of timely provision of local infrastructure.
This review affects:
- local councils
- property developers.
To find out more about IPART’s role in local infrastructure contributions plans, see here. To find out more about modelling local infrastructure contributions in a net present value framework, see our Technical Paper.
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