Discount & interest

Discount

Rates and Charges made and levied pursuant to Clause 2 (differential general rates), Clause 3 (separate charges), Clause 9 (sewerage charges), Clause 10 (cleansing charges) and Clause 11 (water charges) be subject to a discount of ten percent (10%) provided that:

• (a) all of the aforementioned rates and charges are paid within 30 days of the date of issue of the rate notice;
• (b) all other rates and charges appearing on the rate notice (that are not subject to a 10% discount) are paid within 30 days after the date of issue of the rate notice; and
• (c) all other overdue rates and charges relating to the rateable assessment are paid within 30 days of the date of issue of the rate notice.

Interest

Simple interest be charged on all overdue rates as that term is defined in the Local Government (Finance, Plans and Reporting) Regulation 2010 six (6) monthly in arrears (i.e. from the end of the previous half-year in which same became due and payable) at the rate of ten percent (10%) per annum, calculated and charged half-yearly (generally at the end of December and June).

As adopted by Council on 19 August 2011 (extract from 'Special meeting of Council - 19 Aug 2011 - Minutes' found below in 'Related documents').