Page 5314 - Week 16 - Thursday, 28 November 1991

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COST TO REVENUE BET CLOSE TO $1 MILLION, COMPRISING JCS A LOSS OF INTEREST ON INVESTMENTS OF ABOUT $800,000 BASED ON CURRENT MARKET INTEREST RATES, AND DIRECT ADMINISTRATION COSTS OF $74,000 WHICH INCLUDES PRINTING, PROCESSING AND MAILING OF REMINDER NOTICES AND COLLECTION OF FOUR PAYMENTS.

OTHER ASSOCIATED COSTS ARE DIFFICULT TO QUANTIFY BUT THE COMPLIANCE WORK FOLLOWING EACH OUTSTANDING INSTALMENT PAYMENT WOULD INCREASE COSTS SIGNIFICANTLY.

CONTACT: GORDON FAICHNEY

ACT REVENUE OFFICE

246 3177

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