Page 3803 - Week 10 - Thursday, 14 September 2017

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(2) With respect to the Hardship assistance Deferment scheme for rates, can the Treasurer advise the (a) number of property owners using the scheme, (b) annual value of rates deferred, (c) cumulative value of rates deferred, (d) interest rate charged on rates deferred, (e) average income of the property owners who have deferred rates, (f) minimum, average and maximum time that rates are deferred for and (g) total value of properties who rates have been deferred.

(3) With respect to the Pensioner Assistance scheme for rates, can the Treasurer advise the (a) number of property owners using the scheme, (b) annual value of rates rebated, (c) cumulative value of rates rebated, (d) average income of the property owners who have rebated rates and (e) total value of properties whose rates have been rebated.

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

The ACT Government allows rates deferment under three different criteria – Aged, Hardship and Pensioner. Data for each scheme is provided below:

Aged Assistance Deferment

(a) Number of property owners using the scheme - Two

(b) The annual value of rates deferred. Not available – reporting only contains cumulative data of deferrals and does not provide an annual figure.

(d) Interest rate charged on rates deferred - 1.73 per cent simple interest (This is the ‘market rate’ as defined in the Taxation Administration Act 1999 – and is the monthly 90 day bank bill rate. It is adjusted every six months. The current rate is 1.73 per cent per year.)

(e) Average income of the property owners who have deferred rates - $35,652 as at time of application.

(f) Minimum, average and maximum time that rates are deferred for – This information is not available.

(g) Total value of properties who rates have been deferred - $1,227,000 (Unimproved Value of land as of 1 Jan 2017 - not the market value of house and land)

Hardship Assistance Deferment

(a) Number of property owners using the scheme - 32

(b) Annual value of rates deferred. Not available – reporting only contains cumulative data of deferrals and does not provide an annual figure.

(d) Interest rate charged on rates deferred – 1.73 per cent simple interest

(e) Average income of the property owners who have deferred rates – ACTRO does not collect this information - applicants need to satisfy criteria set by Commonwealth Government for income support.

(f) Minimum, average and maximum time that rates are deferred for - This information is not available.

(g) Total value of properties whose rates have been deferred - $9,899,979 (Unimproved Value of land as of 1 Jan 2017 – not the market value of house and land)

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