Page 712 - Week 02 - Thursday, 20 February 2020
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(3) The total value of debt arrears at 30 June 2019 is shown in Table 3.
Table 3: Outstanding payments
|
Debt arrears as at 30 June 2019 ($m) | |
|
Rates |
64.0 |
|
Rates Interest |
4.4 |
|
Land Tax |
11.4 |
|
Land Tax interest |
2.1 |
|
Duty |
12.6 |
For debt reporting purposes: rates debt is not separately identified as commercial or residential; land tax penalties are not separately identified; duty penalty tax and interest are not separately identified. Penalty tax does not apply to rates.
Identifying the debt categories as requested in the question would require manual calculations. This would be an unreasonable diversion of resources.
(4) Section 21 of the Rates Act 2004 defines how interest is calculated on rates amounts which are overdue.
(5) Objections – Numbers of rates objections is provided below.
Table 4: Number of Rates Objections
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 | |
|
Rates objections received for unimproved value |
76 |
61 |
77 |
84 |
144 |
|
Rates objections received not for unimproved value |
6 |
12 |
16 |
19 |
38 |
|
Total rates objections received |
82 |
73 |
93 |
103 |
182 |
|
Rates objections allowed/part allowed for unimproved value |
33 |
8 |
23 |
29 |
19 |
|
Rates objection allowed/part allowed not for unimproved value |
2 |
7 |
3 |
5 |
3 |
|
Total rates objections allowed/part allowed |
35 |
15 |
26 |
34 |
21 |
The value of interest for each objection is not reported nor is the value of interest remitted, waived or refunded. To provide this information would require a manual calculation. This would be an unreasonable diversion of resources.
Taxation—commercial property rates
(Question No 2876)
Mr Coe asked the Treasurer, upon notice, on 29 November 2019:
What is the total value of commercial general rates revenue collected during (a) 2017-18, (b) 2018-19 and (c) 2019-20 to date.
Mr Barr: The answer to the member’s question is as follows:
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