This fact sheet summarises which councils have notified us of their intention to apply for a special variation to their general income or for an increase in minimum rates (MR) in 2017-18.
IPART has made decisions about 24 applications from councils to general income (mainly rates income) by more than the rate peg from 2013/14. This fact sheet summarises our decisions.
The Independent Pricing and Regulatory Tribunal (IPART) is responsible for setting the rate peg each year. For 2013/14, we have set the rate peg at 3.4%.
This fact sheet provides information to councils that are considering applying to IPART to increase the minimum rate in a particular rating category above ‘the statutory limit’.
The Independent Pricing and Regulatory Tribunal (IPART) has set the Rate Peg for 2014/15 at 2.3%. The rate peg determines the maximum allowable percentage increase in general income (mainly rates income) for most local councils in NSW.