IPART approves QPRC’s rate variation
Published on 15 June 2023
The Independent Pricing and Regulatory Tribunal (IPART) has approved Queanbeyan-Palerang Regional Council’s application for a rate variation of 18% per year for three years.
‘IPART has thoroughly reviewed our application, considered the feedback that they received from the community, and approved the application in full. Our application was one of 17 Councils in NSW that applied for a special rate variation this year, which shows the demands on local government’s long term financial sustainability,’ said Mayor Kenrick Winchester.
‘Our application was for the middle option of the three scenarios presented to the community. Council chose this option in recognition of the significant feedback we received both about how difficult increasing rates would be on the community, but also how important Council services are to the community, particularly in our rural and more remote areas.’
‘Council is also extending the additional $40 pensioner rebate that was previously available only to Queanbeyan pensioners to all eligible pensioners in QPRC. That means that eligible pensioners will be able to receive rebates up to $460 off their general rates and water and sewer charges.’
‘If anyone is finding it difficult to make payments, I encourage them to get in contact with Council to talk about their options. We have a financial hardship assistance policy that allows ratepayers who may be struggling with making payments to set up a longer, interest free repayment period.’
‘This rate variation addresses our long-term financial sustainability and ensures we can keep providing valuable services like essential road maintenance and upgrades, providing community facilities, libraries, sports fields, parks, amenities and community events.’
‘While the rate variation increases the income Council receives, part of the plan to address financial sustainability is also implementing the required budget savings of $5.5m per year.’
‘In our budget this year, we prioritised funding for our local roads, but we did have to defer aspects of our asset renewal program and some new footpath, playground and environmental projects until we can afford it. We remain very reliant on grant funding for some of these important upgrades. Council will continue to implement efficiency measures, and we will be reviewing the rate structure in 2023-24 to make sure it is equitable across the local government area.’
There are several projects which have been deferred pending a formal review and securing grant funding, including the Monaro Street Upgrade and Stage 2 of the Regional Sports Complex. Council will also be able to sell property assets when buildings become vacant after the new Council Cultural and Civic Precinct building is completed and staff are relocated.
The rate variation will be in place from 1 July and applies to the total pool of general rates that Council collects.
‘Our draft 2023-24 Operational Plan, Revenue Policy, Fees and Charges have recently been on exhibition for public comment. These plans were developed on the basis that the rate variation would be approved and will be presented to Council with community feedback for review at the 28 June Council Meeting,’ the Mayor said.