Victorian Numbered Acts

LOCAL GOVERNMENT AMENDMENT (FAIR GO RATES) ACT 2015 (NO. 65 OF 2015) - SECT 3

    (1)     In section 3(1) of the Local Government Act 1989 insert the following definitions—

""average rate cap "means an amount expressed as a percentage amount, based on the change to CPI over the financial year to which the cap relates, plus or minus any adjustment;

base average rate has the meaning given by section 185B;

"base year" means the financial year preceding the capped year;

capped average rate has the meaning given by section 185C;" "

"capped year" means the financial year specified in a general Order;

"CPI" means the forecast Melbourne consumer price index, as published in the budget update prepared under the Financial Management Act 1994 ;

"Essential Services Commission" has the same meaning as Commission has in the Essential Services Commission Act 2001 ;

general Order means an Order made by the Minister under section 185D;

"higher cap "means an amount expressed as the average rate cap specified in a general Order plus an additional percentage amount in respect of that financial year;

"special Order" means an Order made by the Essential Services Commission under section 185E;".

    (2)     In section 3(1) of the Local Government Act 1989 , in the definition of "rateable property", after "Part 3" insert "or Part 8A".