This Information Paper explains how IPART will assess the provisions for indexing contribution rates in local infrastructure contributions plans that are submitted to us for review.
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%.
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.
This fact sheet provides an update of the discount rate for use in net present value (NPV) models for contributions plans based on historical data to the end of July 2020.
The Office of Local Government (OLG) establishes guidelines for applying for Minimum Rate Increase. These guidelines set the criteria against which applications will be assessed.