The Independent Pricing and Regulatory Tribunal (IPART) has set the rate peg for 2013/14 at 3.4%. The rate peg determines the maximum allowable percentage increase in general income for most local councils in NSW.
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.