NOOSA JUNCTION LEVY AND REVENUE STATEMENT AMENDMENT - 2023-24 BUDGET · ATTACHMENT 1 2023-24 Revenue Statement REVISED DEC 2023

Revenue Statement - 2023/24


2.5      Outstanding Rates and Charges
         Interest Charges
Interest will be applied to all overdue rates or charges pursuant to sections 132 and 133 of the
Regulation. The interest will be compound interest, calculated on daily rests. For a day on or after
1 July 2023 the interest rate will be 11.64% per annum.

         Arrangements to Pay
Arrangements pursuant to section 129 of the Regulation, for payment by instalments, will be entered
for properties where there are no overdue rates and charges from previous rating periods and the
ratepayer and Council agree that such arrangements will allow the outstanding rates or charges
payable to be paid by the end of the current billing period.
An application for an instalment payment arrangement should be received by Council prior to 31 July
2023 or 31 January 2024. Under an instalment arrangement no discount will be provided for rates
which are due. Repayments will be calculated as at the time of applying for an arrangement and will
not incur interest charges.
Where a ratepayer defaults on an arrangement to pay, the arrangement will be cancelled, and
interest will be charged on the overdue rates and charges in accordance with section 2.5.1 of this
Revenue Statement from the date of default. Additionally, Council will not enter any further
arrangements during the rating period covered by the initial arrangement request.


2.6      Deferment of General Rates
Chapter 4 Part 10 of the Regulation allows Council to grant a rating concession to certain ratepayers
by entering an agreement to defer the payment of rates and charges.
Pursuant to section 120(1)(a), section 121(b) and section 122(1)(b) of the Regulation, Council may
allow eligible pensioners to enter an agreement to defer the payment of rates.

         Deferment for Pensioners
To assist eligible pensioners who have experienced large increases in the value of their property as
determined by the Department of Resources or have experienced financial hardship, Council will
allow deferment of up to 50% of the general rate. The deferred rates will accumulate as a debt
against the property until it is sold or until the death of the ratepayer.
The deferment of general rates applies only to rates payable with respect to land included in
Differential General Rates Categories 1, 5, 6, 7, 8, 10, 22, 23, and 25 to 30.
To be eligible to defer up to 50% of the general rate the applicant must:
•     own and occupy the property; and
•     have no overdue rates and charges on the property; and
•     be the holder of a Pension Concession Card issued by Centrelink or the Department of Veteran
      Affairs; or
•     a Repatriation Health (Gold) Card issued by the Department of Veteran Affairs; or
•     a Commonwealth Seniors Health Card; or
•     a Queensland Seniors Card issued by the Queensland State Government.
Note that automatic eligibility applies to those ratepayers currently receiving a Pension Concession
on their rate notice. Eligibility for those ratepayers with a Seniors Card will be assessed accordingly.

         Deferred General Rates Interest Charges
Interest charges, or the payment of an additional charge, will be applied to all deferred general rates
under Section 122(5) of the Regulation. The interest shall be compound interest, calculated in daily

                                                                                                  Page 8