Page 2428 - Week 08 - Wednesday, 22 June 1994

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MINISTER FOR HOUSING AND COMMUNITY SERVICES

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 1281

Housing Trust - Rent Arrears-

MR CORNWELL - Asked the Minister for Housing and Community Services - In relation to a reply to a question without notice asked on 21 April 1994 that the value of current arrears as a percentage of rent receivable had fallen from 3% to 2.29/6 between June 1993 and March 1994

(1)  What do these percentages represent in dollar values.

(2) What are the comparable dollar values in vacated arrears between these dates.

MR LAMONT - The answer to the Member's question is as follows:

(1) & (2) 31 March 1994

 Current Arrears $ 2,043,580 2.15%

 Vacated Arrears 3,246,338

 Rent Receivable 95,079,530

June 1993

Current Arrears $ 2,722,415

Vacated Arrears 2,847,018 3.02%

Rent Receivable 90,257,244

The dollar value of arrears can vary considerably within a fortnightly rent cycle. This is caused by the linkage between the payment of Department of Social Security (DSS) benefits and consequent payment of rent and the day on which the ACT Housing Trust carries out its debt raising. Consequently percentages also vary.

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