Deferral of SRV Income

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  • #19723
    Michael Williams
    Participant

      Shoalhaven

      Hello all,

      Shoalhaven City Council has had a Special rate Variation approved by IPART for the next two years. Council is currently exploring the possibility of deferring part of the income from the SRV from 2020/2021.

      Has any Council used the provisions in s 511(1) to effectively defer the collection of income from an SRV for up to two years?

      Although the Act indicates it is allowable, it is the amount of income that is being deferred that is raising concerns for us folk ‘at the coalface’.

      Your experience in this area would be appreciated.

      Thanks

      Michael

      #19725
      Suzi Flynn
      Participant

        Sydney City

        Hi Michael,

        The City used s511 recently to catch-up a significant amount of shortfall. Although the shortfall was not related to an SRV, I think it would be beneficial if we spoke.

        I will give you a call on Monday.

        Suzi

        #19724
        Michael Williams
        Participant

          Shoalhaven

          Thanks Suzi

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