2014-03-25 Planning & Organisation Committee Agenda Pages 168-231

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                 25 MARCH 2014


5.     Payment Details

As at 1 January 2014 the outstanding rates and charges transferred from Sunshine Coast
Council to Noosa Council was $4.4 million. Also transferred at this time were $1.2 million in
prepaid rates, giving a net amount outstanding of $3.2 million. Immediately following the issue of
the levy the amount outstanding was $36.1 million.

Details of the payments received in the 6 weeks to 23rd February 2014 are set out below.
Approximately 21% of rates remained outstanding as at 23rd February.


                                               Discount
Week Ending              Net Payments
                                                Applied
19th January 2014           $1.8 million    $0.06 million
26th January 2014           $2.2 million    $0.07 million
2nd February 2014           $2.7 million    $0.09 million
9th February 2014           $4.3 million    $0.15 million
16th February 2014         $15.3 million     $0.5 million
23rd February 2014          $1.1 million               $-
Total                     $27.5 million     $0.9 million


6.     Arrangements to Pay

As at the end of the rating period there were 412 properties that had made an arrangement to
pay their current rates in accordance with section 2.5.2 of the Revenue Statement, representing
$385k of the outstanding rates and charges. The number of arrangements is likely to increase
after property owners with unpaid rates and charges receive their reminder notices.

7.     Reminder Notices

On the 12th March 2014 3,207 reminder notices, totalling $5.9 million of outstanding rates, were
issued to property owners with an outstanding balance greater than $25.00 (who have not
previously made an arrangement with Council).

8.     Further Recovery Action

For those properties where the owners fail to respond to the reminder notice Council has the
option of taking further recovery action. Council may commence court proceedings, refer the
matter to an external debt collection agency or, if the rates and charges have been unpaid for
three years or more, sell land to settle the obligation for the overdue rates and charges.

Previous Council Consideration

Nil.

Finance & Risk

There are no properties where the outstanding rates and charges are close to the value of the
land, consequently there is no risk of any rates and charges having to be written off as bad debts
at this time.




                                                                                Page 179 of 231