Our clients should be aware (to the extent that you are not already) that The Honourable John Darley has introduced the Local Government (Differential Rates on Vacant Land) Amendment Bill 2018 into the Parliament.
On behalf of all members, RPSA is closely following the developments in the progress of the proposed rate capping legislation. As members will be aware, it is a highly charged political issue and, therefore, is (as we expected) not progressing as speedily as other legislation because of the politics.
Chapter 10 of the Local Government Act 1999 (Rates & Charges), includes use of the Cash Advance Debenture Rate. The LGA has been advised by the Local Government Finance Authority (LGFA) that the Cash Advance Debenture Rate as at 1 July 2018 is 3.6%.