506
CurrentVariation of general income
Chapter 15How are councils financed?
Part 2Limit of annual income from rates and charges
506 Variation of general income
(1)
The Minister may, by order published in the Gazette specify the percentage by which councils’ general income for a specified year may be varied.
(2)
Without limiting subsection (1), the order may—
(a)
specify different percentages for different areas of councils, and
(b)
specify a methodology for calculating a percentage rather than specifying a particular percentage, including by specifying a base percentage to which an additional figure may be added in specified circumstances.
This Act’s bill:Explanatory memorandumSecond reading speech
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