Page 5356 - Week 17 - Thursday, 13 December 1990
Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .
MINISTER FOR FINANCE FOR THE AUSTRALIAN CAPITAL TERRITORY
LEGISLATIVE ASSEMBLY QUESTION
Question No. 290
Liquor Licence Fees
MS FOLLETT - Asked the Treasurer upon notice on 20 November 1990:
(1) what is the estimated one-off gain to revenue =n :..^.e year of quarterly liquor licence payments.
(2) What is the estimated interest benefit to the Territory i^ subsequent years.
MR DUBY - As this matter falls within my portfolio, the Treasurer has referred this matter to me for response.The answer to the members question is as follows:
(1) The Government acted last September to change collection arrangements for liquor licence fees to overcome substantial bad debt problems. The Government has new modified these arrangements to ease the move to the new scheme.
Licensees will now be given three years to make payments in respect of their 1990-91 fees. In addition, the quarterly licence fee in respect-of "off licence" establishments will be reduced from 10$ to 8% of purchases.
With these arrangements in place, the estimate of revenue from liquor licence fees in the first year of the quarterly scheme (1991-92) has increased from $10.Om under the current arrangements to $10.4m, an increase of approximately $400,000.
In 1992-93 a further net increase of $1.6m is expected as a result of the new arrangements, with payments towards the 1990-91 fees being partially offset by reduced ongoing quarterly payments. A further net $1.5m is. expected in 1993-94.
(2) In addition to the one-off effects outlined above, the effect of the new arrangements is that payments will be received 28 days after the end of each quarter rather than in two six-monthly sums in November and May. The interest benefit resulting from these changed arrangements is estimated to be approx $250,000 per annum at interest rates currently applying.
5356
Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .