The Victorian Government is conducting a full review into the Victorian Local Government Rating System. The Terms of Reference explains the objectives, scope and implementation plan of the review process, which completes by 31 March 2020 .
The goal is to identify changes that will improve its fairness and equity while maintaining the financial accountability of Victoria’s 79 councils through the Fair Go Rates system. The Fair Go Rates system has revealed that improvements are viable to the current rating system, to achieve more equitable, more efficient and more progressive rating practices across the 79 councils.
Out of scope includes (Local Government Victoria, 2019):
- “The elements of the local government rating system specific to the rate cap provisions under Part 8A of the Local Government Act 1989, which will be the subject of a statutory review by December 2021;
- The adequacy of the taxation, valuation and other related systems of the Victorian Government, specifically the principal functions of the Valuation of Land Act 1960, Fire Services Levy Property Act 2012, State Concessions Act 2004, and Electricity Industry Act 2000); and
- Other sources of funding for local government, such as State and Commonwealth grants.”
Hear what WA ratepayers have to say about Victoria’s lead in reforming rates practices – https://www.facebook.com/groups/1788171804737144/permalink/2387960744758244/