Special Rate Variation

Special Rate Variation

Dungog Shire Council applied to the Independent Pricing and Regulatory Tribunal (IPART) for a special rate variation to increase its general income above the rate peg of 2.7% for 2019-202. Council applied for a 7-year special variation to increase the general income by a cumulative 97.8% with:

15.0% per annum for each of 2019-20 and 2020-21

10.0% per annum for each of 2021-22, 2022-23 and 2023-24

6.0% per annum for each of 2024-25 and 2025-26

Council applied to retain this increase in its rate base permanently.

IPART decided to partially approve the proposed special variation for a 5 year period from 2019-20 to 2023-24, a cumulative increase of 76.0% with:

15.0% per annum for each of 2019-20 and 2020-21

10.0% per annum for each of 2021-22, 2022-23 and 2023-24

The annual increases include the rate peg of 2.7% in 2019-20, and an assumed rate peg of 2.5% in future years. The cumulative percentage increase that was approved by IPART of 76.0% is 62.7 percentage points more than the assumed cumulative rate peg for these years. This increase may be retained in the Council's general income base permanently.

The IPART Instrument of Approval is available for viewing below.