Please take the time to consider the judgement:
http://www.caselaw.nsw.gov.au/action/pjudg?jgmtid=170495
As I understand it the matter has been appealed by VG but it may drop the appeal.
It appears there are other Councils that will be effected by this NSC being one. I have had a call asking how much it will cost us if this isn’t appealed & the rationale of the appeal is applied to at least 1 property within our area.
The cost would be approximately $6,000.00 pa to NSC which we would be expected to refund to the customer. I guess this will be recoverable by SS9.
However logic tells me that as the proposed BD 2010 valuation will be less than both BD 2007 & BD 2004 the owners will also want something done about those. This could result in a refund of approximately $55,000.00.
None of the above takes into account the BD 2013 valuation which is currently being used.
FYI etc.
Just another example of LG being the poor relation.
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