Page 2860 - Week 10 - Tuesday, 13 September 1994

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TREASURER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO. 1350

Rates Payments

MRS CARNELL: Asked the Treasurer upon notice on 23 August 1994 - In relation to payment of general rates -

(1) What proportion of ratepayers pay their rates in the following manner (a) in a lump sum; or (b) in quarterly payments?

(2) What proportion of ratepayers are overdue with their rate payments?

(3) What is the quantum of (a) overdue payments and (b) additional interest charged?

(4) What is the level, in relative and absolute terms, of bad debts arising from general rates?

MS FOLLETT: The answer to the Members question is as follows:

(1) & (2) In respect of the 1994/95 general rates assessments , 44.4% of ratepayers paid in full and 52% of ratepayers opted to pay their assessments by quarterly instalments. The remaining 3.6% of ratepayers (3,811) were overdue with payment as at the first instalment due date of 15 August 1994.

(3)(a) The total unpaid general rates as at 31 August 1994 was $3,446,700. This

includes $3,041,400 of 1994/95 general rates liability which became

payable in full because ratepayers did not pay their first instalment by the

due date of 15 August 1994.

(b) Interest charged on the unpaid rates as at 31 August 1994 was $173,828.

Interest accrues on a monthly basis until accounts are paid in full.

(4) Rates debts are attached to the land and are rarely "bad" in the sense

of being written-off as irrecoverable. In 1993/94 an amount of $6,781.50

for general rates for various years was written-off. It is estimated that the

level of bad debts from general rates for each rating year is approximately

0.01 %.

2860

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