New South Wales Consolidated Acts

LOCAL GOVERNMENT ACT 1993 - SECT 511

511 Catching up of shortfall in general income

(1) If the rates and charges made by a council for a year that produce its general income produce an amount of general income that is less than the maximum amount permissible under section 509 for that year because the council did not apply a full percentage increase applicable to it under section 506, 508 (2) or 508A for the year for which the rates and charges were made, the council may make rates and charges for either or both of the next 2 years after the year for which the shortfall occurred so as to produce the maximum amount so permissible of the general income plus the whole or any part of the shortfall.

(2) An amount of a shortfall caught up in accordance with this section may be caught up once only.