Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 1 July 2010 (being the commencement of the 2010/2011 rating year), amends the Rates Rebate (Specified Amounts) Order 2010 (the principal order), which comes into force on 1 July 2010 and which increases certain amounts stated in section 3(1) of the Rates Rebate Act 1973.
Section 3(1) provides for the payment to certain residential ratepayers of rates rebates calculated by a process that involves—
calculating two-thirds of the amount by which their rates exceed $160:
reducing that amount by $1 for every $8 by which the ratepayer's income for the preceding tax year was greater than the sum of—
an income threshold of $21,190; and
$500 for each person who was a dependant of the ratepayer on the commencement of the rating year concerned:
paying the lower of the reduced amount and a maximum rebate of $550.
The amendments made by the principal order increase the income threshold from $21,910 to $22,340 and the maximum rebate from $550 to $560.
The amendment made by this order increases the maximum rebate from $550 to $570.