This Information Paper that includes information on IPART’s rate peg methodology and the rate peg for each council for 2022-23.
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.
IPART is seeking stakeholder views on how councils should index contribution rates between the adoption of a local infrastructure contribution plan, and the revision of the contributions plan.
This Information Paper provides guidance to councils about IPART's approach to assessing the criteria for community consultation, and how to consult with their communities about proposed special variation and minimum rate increases.