Local Government Regulation 2012

A local government’s revenue policy for a financial year must state—

the principles that the local government intends to apply in the financial year for—

levying rates and charges; and

granting concessions for rates and charges; and

recovering overdue rates and charges; and

cost-recovery methods; and

if the local government intends to grant concessions for rates and charges—the purpose for the concessions; and

the extent to which physical and social infrastructure costs for a new development are to be funded by charges for the development.

The revenue policy may state guidelines that may be used for preparing the local government’s revenue statement.

A local government must review its revenue policy annually and in sufficient time to allow an annual budget that is consistent with the revenue policy to be adopted for the next financial year.