Morning Emma,
At Wollongong, Council on 6 April resolved that we would offer an interest free period deferring the 4th instalment for 2019/2020 rates on all rate accounts (both residential, business, farmland and mining) until 31 August 2020.
We are considering the below options available post 31 August:
1. the deferred 4th instalment amount be split across the 4 quarters of the 2020/2021 rates
2. proposed discount (under s563) for upfront paid in full by 31 August (dependant on point 4)
3. possibly not taking up the full 2.6% rate peg (not sure what the % will be if any)
4. since the OLG circular last Friday (17/04) a delay of 2020/2021 notices by one month
At this stage these are only possibilities and Council has not made any formal decision either way as yet.
