Page 4813 - Week 15 - Thursday, 16 December 1993
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TREASURER FOR THE AUSTRALIAN CAPITAL TERRITORY
LEGISLATIVE ASSEMBLY QUESTION
Question No. 1129
Rates Revenue
MRS CARNELL - Asked the Treasurer upon notice on 14 December 1993:
(1) Did the Government consider not varying the rate in the dollar when setting the 1993-94 general rates.
(2) If so, what was the expected revenue for 1993-94 if the same rate in the dollar had
applied for general rates as had applied in 1992-93.
(3) What was the expected revenue for 1993-94 if the same rate in the dollar had applied
for general rates as had applied in 1992-93 in relation to the principal place of
residence.
(4) What was the expected revenue for 1993-94 if the same rate in the dollar had applied
for general rates as had applied in 1992-93 in relation to properties other than the
principal place of residence.
(5) What is the expected revenue for 1993-94 in respect of each of the categories of (3)
and (4) based on the rates set for 1993-94.
TREASURER - The answer to the Members question is as follows:
(1) The Government considered a range of options when determining the rate in the dollar in 1993-94. If the rate had remained unchanged, the average rate bill would have risen by 8.7%. The Government reduced the rate in the dollar to ensure that the average increase was only 5% in 1993-94.
(2) General rates revenue for 1993-94 would have been approximately $84.9m if the rate
in the dollar had remained unchanged, compared to the Governments Budget
estimate of $82.1m for 1993-94.
(3) Principal places of residence represent 71% of the total general rates revenue base and would have contributed approximately $60.5m in 1993-94 if the 1992-93 rate had applied.
(4) Properties other than principal places of residence represent 29% of the total general rates revenue base and would have contributed approximately $24.4m in 1993-94 if the 1992-93 rate had applied.
(5) Expected revenue for 1993-94 from principal place of residence properties is $58.5m, with all other properties expected to contribute $23.6m.
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