House of Assembly: Tuesday, August 08, 2017

Contents

Cost Recovery

In reply to Mr GRIFFITHS (Goyder) (28 July 2016). (Estimates Committee B)

The Hon. J.R. RAU (Enfield—Deputy Premier, Attorney-General, Minister for Justice Reform, Minister for Planning, Minister for Industrial Relations, Minister for Child Protection Reform, Minister for the Public Sector, Minister for Consumer and Business Services, Minister for the City of Adelaide): I have been provided the following advice:

A full cost recovery of the project is proposed to be achieved within thirteen years. The cost recovery will commence in year 2 (1 June 2017) as the benefits of the new system begin to be realised.

Proposed Cost Recovery

2017-18$'000 2018-19$'000 2019-20$'000 2020-21$'000 2021-22$'000 2022-23$'000 2023-24$'000 2024-25$'000 2025-26$'000 2026-27$'000 2027-28$'000 2028-29$'000 2029-30$'000 TOTAL
Lodgement fee increase (2.5% per annum x 4 years) 147 303 469 644 664 685 706 728 751 774 798 823 7,492
Development Cost increase (2.5% per annum x 4 years) 107 221 341 469 484 499 514 530 546 563 580 598 5,452
Council Levy 950 979 1,009 1,040 1,072 1,105 1,139 1,174 1,210 1,248 1,287 1,327 1,368 14,908
TOTAL 950 1,233 1,533 1,850 2,185 2,253 2,323 2,394 2,468 2,545 2,624 2,705 2,789 27,852