In accordance with Section 960 of the Local Government Act 1993, the Whitsunday Regional Council resolved that for the purpose of making and levying (general or differential general) rates on all rateable land in the former Bowen Shire Area for the 2008/09 financial year, the unimproved value of land is to be averaged over three years.
The averaged value of rateable land for the financial year is the lesser of: (a) the land's effective value for the financial year; or
(b) the amount calculated as follows - (i) if the land has effective values for the financial year and each of the previous 3 financial years - the average of the 3 effective values;
(ii) in any other case - an amount equal to the land's effective value for the financial year multiplied by the averaging factor.
The averaging factor is the total of all unimproved values of all rateable land in the area for the current year and each of the preceding 2 years and divided by 3 times the total of the current year's values In accordance with Section 960 of the Local Government Act 1993, the Whitsunday Regional Council resolved that for the purpose of making and levying (general or differential general) rates on all rateable land in the former Bowen Shire Area for the 2008/09 financial year, the unimproved value of land is to be averaged over three years.
The averaged value of rateable land for the financial year is the lesser of: (a) the land's effective value for the financial year; or
(b) the amount calculated as follows - (i) if the land has effective values for the financial year and each of the previous 3 financial years - the average of the 3 effective values;
(ii) in any other case - an amount equal to the land's effective value for the financial year multiplied by the averaging factor.
The averaging factor is the total of all unimproved values of all rateable land in the area for the current year and each of the preceding 2 years and divided by 3 times the total of the current year's values |