Page 2914 - Week 09 - Thursday, 26 August 1993
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TREASURER FOR THE AUSTRALIAN CAPITAL TERRITORY
LEGISLATIVE ASSEMBLY QUESTION
Question No 951
Residential Rates - Deferred Payments
MRS CARNELL - Asked the Treasurer upon notice on 24 August 1993:
(1) During the last financial year how many people requested deferment of their residential rates for payment from their estate.
(2) During the last financial year how many people received approval to defer rate payments from their estate.
(3) What annual interest rate is charged for the use of this facility.
(4) What is the average duration of deferred payments.
(5) What are the terms and conditions of this deferral.
MS FOLLETT - The answers to the Members questions are as follows:
(1) During 1992-93 there were ten new applications for deferment of rates on hardship grounds under the provisions of the Rates and Land Rent (Relief) Act 1970. Two of these applications were from pensioners.
(2) In the 1992-93 financial year nine new applications for deferment of rates were approved by the Delegate of the Minister (two pensioners applications and seven nonpensioners applications). As of 30 June 1993 there was still one case pending.
(3) The deferred charges incur an interest of 12% per annum.
(4) As of 30 June 1993 there were 64 current cases with deferred rates (including interest charges) totalling $485,432.93. Deferments are approved for a set period that may vary from one or two financial years to an indefinite period. Of the current cases 41 are for an indefinite period, 10 are for periods of 1 to 3 years and 13 for periods between 4 to 6 years. Some determinations have been in force since 1983.
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