Why do I still receive the rates demand note though a rates concession has been announced in the Budget?Rating and Valuation Department
No rates concession will be given for the third and fourth quarters of financial year 2023-24 (October 2023 to March 2024).
Upon receipt of the Demand, the payer is required to make the payment by the due date. A 5% surcharge will be imposed immediately after the last day for payment. A further 10% surcharge will be imposed on any amount remaining outstanding (including the 5% surcharge already imposed) six months after the original last day for payment.
As announced in the 2023-24 Budget Speech, rates concession will be given to all ratepayers to offset the rates payable for the first two quarters, April to June 2023 and July to September 2023, subject to a ceiling of $1,000 per quarter for each rateable tenement.