[Andrew Butcher]

The IPART has released its draft report which can be found here IPART website

Stakeholders have the opportunity to provide feedback by making a submission or providing feedback on the report by 4 July 2023. There will also be an online public hearing scheduled for 18 July 2023.

We will be preparing a submission and will have representation at the public hearing. If you have any comments in support of this please post them against this topic.

Regards,
Andrew

[Andrew Butcher]

Please find attached our DRAFT submission – we are still considering item 9 and our position may change to the following,

9. What implementation option would you prefer for the changes to the rate peg methodology?
Our preference is that the recommended changes commence in full for the 2024-25 financial year and include a true-up. Accordingly IPART would:
• replace the LGCI with the 3-component BCC model and use 3 council groups
• retain the population factor (altered to allow negative supplementary valuations) and not remove prison populations
• implement the proposed additional and separate ESL factor, and
• include a one-off true-up adjustment for the differences between the LGCI and the BCC so that councils would be no worse off under the new methodology for 2024/25.

If you have any comments or additional information regarding this please let me know or post in the forum.

Regards,
Andrew

NSW Revenue Professionals submission to IPART Rate Peg methodology draft report – DRAFT

[Suzi Flynn]

Thank you Andrew and Executive. I believe the submission is a good representation of thoughts across the state. I am supportive of the draft, and prefer the alternate view for point 9 per your post above.

Thanks,
Suzi

[Andrew Butcher]

Please find attached our final submission to the IPART.

Regards,
Andrew

NSW Revenue Professionals submission to IPART Rate Peg methodology draft report

• This reply was modified 2 years, 11 months ago by Andrew Butcher.
• This reply was modified 2 years, 11 months ago by Andrew Butcher.

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