By NSW IPART not setting a rate peg for 2023-2034, this could provide an explosive precedent that Local GOvernments could exercise the increase substantially to ratepayer fees. It's funny as my understanding is NSW IPART bases increases on population increase and Inflation as well as others.
What happens when inflation goes down? Do the Council rates go down? Instead, we might see rates just remain as they are - I do remember the Shoalhaven City Council offering the Covid-19 rate rebate in 2020. I do not think they are in the process of doing that today.
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