2026/27 FINANCIAL POLICIES · Attachment 4 - Revenue Policy

Attachment 4 – Revenue Policy

 REVIEW

 This policy will be reviewed annually for adoption as part of the annual budget.

 DEFINITIONS

Term                     Meaning

Noosa Shire Council      The organisation of the Noosa Shire as established by the Local
                         Government Act 2009.

CEO                      Chief Executive Officer of Noosa Shire Council

Councillors              The elected representatives of Noosa Shire Council.

Executive Team           Council’s team of senior executive officers incorporating the CEO
                         and five Directors.

Shire                    The area within Noosa Shire that has been established as the
                         Local Government Area.

 COUNCIL POLICY

 Council levies rates and charges to fund the provision of specific services to our
 community. When adopting its annual budget, Council will set rates and charges at a level
 that will provide for both current and future community requirements. Council will apply the
 principle of transparency in making rates and charges.

 General Rates

 General rate revenue funds services not otherwise funded through subsidies, grants,
 contributions or donations from other entities, or not funded by other levies or fees and
 charges. Council will consider all cost recovery options before determining general rate
 revenue levels.

 Council is required to raise an amount of revenue it sees as being appropriate to maintain
 and replace assets and provide services to the shire as a whole. In deciding how that
 revenue is raised, Council has formed the opinion that a differential general rating scheme
 based primarily on land use, provides the most current equitable basis for the distribution of
 the general rate burden.

 The rateable value for each property is the basis for determining the amount of the general
 rate levied. Council recognises that significant valuation fluctuations may have an adverse
 effect on pensioners. Therefore, Council provides eligible pensioners with the opportunity
 to apply for a deferment of general rates, pursuant to its Revenue Statement.

 Minimum General Rates

 Council will set a different minimum differential general rate for each differential rating
 category, which takes into account the cost of providing common services that are provided
 to every ratepayer, as well as general administration costs.




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