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Who determines the rate peg?

April 26, 2017peg rate

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Who determines the rate peg?

1 Answer

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10 Posted

In 2010 the NSW Government announced that the Independent Pricing and Regulatory Tribunal of New South Wales (IPART) would determine the rate peg that applies to councils general income. Previously the Minister for Local Government determined the rate peg. IPART is the independent economic regulator for NSW. IPART oversees regulation in the electricity, gas, water and transport industries and undertakes other tasks referred to it by the NSW Government.