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Rate Capping Update

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.

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Cash Advance Debenture Rate - Circular 27.8

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%.

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