LOCAL GOVERNMENT ACT 1993 - SECT 497 What is the structure of a rate?
LOCAL GOVERNMENT ACT 1993 - SECT 497
What is the structure of a rate?497 What is the structure of a rate?
A rate, whether an ordinary rate or a special rate, may, at a council's discretion, consist of--
(a) an ad valorem amount (which may, in accordance with section 548, be subject to a minimum amount of the rate), or
(b) a base amount to which an ad valorem amount is added.