Page 3874 - Week 12 - Thursday, 24 October 2013

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All 700 series routes are Xpresso services

The 111, 160, 161, 162 are peak extensions of regular route services

AM Peak = trips commencing from the start of the day to 8:59am

Day Off Peak = trips commencing from 9:00am to 4:29pm

PM Peak = trips commencing from 4:30pm to 5:59pm

Evening Off Peak = trips commencing from 6:00pm until the last service

Budget—lease variation charges
(Question No 149)

Mr Smyth asked the Treasurer, upon notice, on 19 September 2013:

For each financial year since the establishment of the Government’s Lease Variation Charge, including year to date, can the Treasurer provide details on the (a) total revenue raised and the contributions to the Urban Development Fund, (b) amount of revenue raised under the Change of Use Charge (CUC) including (i) number of number of development applications involved, (ii) average value of CUC and (iii) number of charges waived, (c) amount of revenue raised under the Lease Variation Charge (LVC) including (i) number of development applications involved, (ii) average value of LVC and (iii) number of charges waived.

Mr Barr: The answer to the member’s question is as follows:

For each financial year since the commencement of Lease Variation Charge (LVC) on 1 July 2011:

(1)(a)

The total amount of LVC revenue (including revenue raised under the Change of Use Charge) is as follows:

2011-12:

$8.7 million

2012-13:

$15.4 million

2013-14:

$2.8 million (to date)

The “contribution to the Urban Development Fund” is presumed to be referring to the appropriation for the Urban Improvement Program. This is disclosed in Table 7.5.1 of 2012-13 Budget Paper No 3 (page 198) and shows an appropriation of $40.656 million over four years. The existing program of projects allocated in 2012-13 Budget will continue into 2013-14.

(1)(b)

Within the total LVC revenue shown above, the amount of Change of Use Charge (CUC) revenue collected during the period is as follows:

2011-12:

$7.3 million

2012-13:

$5.7 million

2013-14:

$0.95 million (to date)

(1)(b)(i)

The Change of Use Charge revenue disclosed in (1)(b) above relates to paid development determinations as follows:

2011-12:

98 paid determinations

2012-13:

31 paid determinations

2013-14:

7 paid determinations (to date)

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