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In 2012,13 IPART amended the existing special rate variations for 16 NSW councils for the effect of the carbon price.

It is longstanding NSW Government policy for local councils’ general income to increase each year in line with council costs.

This paper sets out IPART’s recommended approach for councils to select a discount rate when using an NPV model to calculate development contributions.

IPART has released a final technical paper about the financial modelling of local development contributions. The final technical paper explains how councils should select a discount rate when they use a Net Present Value (NPV) methodology.