In our June 2015 Technical Paper1, we recommended that councils adopt a specific method to calculate the discount rate for use in net present value (NPV) modelling of contributions plans.
The Independent Pricing and Regulatory Tribunal (IPART) has set the rate peg for 2016/17 at 1.8%. The rate peg determines the maximum allowable percentage increase in general income for most local councils in NSW.
This Fact Sheet summarises water and sewerage prices, regulated by IPART, commencing on 1 July 2015 for Sydney Water, Hunter Water, Gosford City Council, Wyong Shire Council, and Essential Water customers.