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 Information Paper sets out our research into the impact of population growth on council costs and revenues. This information informed our draft recommendation.
Under the new planning reforms developed by the New South Wales Government, councils will be able to levy developers Local Infrastructure Contributions (LICs) to meet the efficient cost of providing ‘essential infrastructure’.
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.
Information paper prepared as part of IPART's review of the regulatory framework for setting of rates and charges for Local Government services in NSW.
IPART has prepared an information paper to show the main drivers of costs in each of the 5 contributions plans that we completed in October 2011 and September 2012.
This paper shows how the incentive to delay cost savings in a standard CPI-X pricing regime can be overcome by a carryover mechanism or by sharing the gains from such savings at the end of each year within a determination period.
