Pursuant to Section 6.51 of the Local Government Act 1995, a late payment interest charge on outstanding rates and charges calculated at the rate of 11 per cent will apply for the year ending 30 June 2020.
The late payment interest charge will apply to all current rates and charges remaining unpaid 35 days from the date of issue of the rate notice (15 August 2019). Interest will be calculated and updated daily.
Unpaid rates and charges from previous years, (rate arrears), will also attract late payment interest charges, calculated at the rate of 11 per cent, for as long as they remain unpaid.
If the amount shown as payable in respect of rates and chares is not paid in full, or the first instalment is not paid by the due date or you are not on an agreed Direct Debit arrangement with the City, the full amount will become overdue and may be recovered by court action (for example through a General Procedure Claim, or seizure and sale order of goods/land).
The average cost of the General Procedure Claim (GPC) have increased to approximately $500.
If a GPC is issued against you, the default is registered by the Magistrates Court. Credit reporting agencies within Australia, have the ability to access this information, and subsequently record this debt on your credit report, where they are shown for a five year period. This information is accessed for finance/loan applications. For more information please go to the ASIC website, www.moneysmart.gov.au
The following administration fees will apply when requesting a statement of rates or a rate book confirmation letter showing the rating information.
|Current year and up to 3 prior years||$57|
|Current year and 4 or more prior years||$114|