Services > Home & Property > Late Payments
An initial penalty of 2% on any payment for rates that is received after the due date (applied in accordance with the Local Government Act).
A further penalty at the prescribed interest rate is added to any unpaid rates at the end of each month they continue to be unpaid. (The prescribed rate for 2016/2017 is 7.00% p.a.)
If rates remain unpaid more than 21 days after the issue of a final notice, the debt is referred to a collection agency (this process incurs additional costs to the ratepayer).
When a payment is received, the money is distributed in the following order:
in payment of rates, in chronological order (starting with the oldest rate account).
The Local Government Act allows a Council to sell any property where rates have been in arrears for three years or more.