Page 711 - Week 02 - Thursday, 20 February 2020

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Mr Barr: The answer to the member’s question is as follows:

(1) The total revenue collected through the ACT Revenue Office for each financial year since 2017-18 to December YTD 2019-2020 is detailed in Table 1. The amounts are the charges raised in the financial year. Rates and land tax interest are for charges raised in that year and does not include interest from previous year charges. The revenue collected from 2007-08 to 2016-17 is detailed in QON 1102 response of 23 March 2018.

Table 1: The revenue collected from 2017-18 to YTD 2019-20

2017-18 ($’000)

2018-19 ($’000)

Dec YTD 2019-20 $’000)

Residential rates

$319,129

$362,650

$389,9681

Residential penalties

-

-

-

Residential rates interest

$2,056

$1,534

$251

Commercial rates

$179,662

$202,685

$218,3611

Commercial penalties

-

-

-

Commercial rates interest

$732

$598

$128

Land Tax

$130,259

$135,335

$69,632

Land Tax penalties

$2,457

$993

$255

Land Tax interest

$1,208

$746

$107

Conveyance duty

$224,669

$246,688

$80,886

Conveyance penalty tax

$184

$291

$36

Conveyance interest

$371

$428

$73

1 Amount is the annual assessment

(2) The number of properties/transactions relating to the revenue in Table 1 for each financial year since 2017-18 to December YTD 2019-2020 is detailed in Table 2. The number of properties 2007-08 to 2016-17 is detailed in QON 1102 response of 23 March 2018.

Table 2: The number of properties from 2017-18 to YTD 2019-20

2017-18

2018-19

Dec YTD 2019-20

Residential rates

161,486

165,951

168,946

Residential penalties

-

-

-

Residential rates interest

35,919

40,412

28,937

Commercial rates

6,347

6,436

6,552

Commercial penalties

-

-

-

Commercial rates interest

1,645

1,846

1,349

Land Tax

46,963

48,240

46,522

Land Tax penalties

1,101

646

331

Land Tax interest

13,864

15,901

8,301

Conveyance duty

13,114

12,719

6,083

Conveyance penalty tax

38

63

9

Conveyance interest

755

492

114

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