2020-2021 Budget City of Ipswich - Ipswich.qld.gov.au - Ipswich City Council
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City of Ipswich 2020–2021 Budget Ipswich.qld.gov.au
CONTENTS
PART 1. BUDGETED FINANCIAL STATEMENTS AND LONG-TERM FINANCIAL FORECAST..............................................2
PART 2. DIFFERENTIAL GENERAL RATES.................................................................................................................................................22
PART 3. WASTE MANAGEMENT UTILITY CHARGES.......................................................................................................................... 44
PART 4. RURAL FIRE RESOURCES LEVY SPECIAL CHARGE......................................................................................................... 46
PART 5. RURAL FIRE RESOURCES LEVY SEPARATE CHARGE......................................................................................................47
PART 6. ENVIROPLAN SEPARATE CHARGE............................................................................................................................................ 48
PART 7. TIME AND MANNER OF PAYMENT OF RATES AND CHARGES....................................................................................49
PART 8. INTEREST ON OVERDUE RATES OR CHARGES.................................................................................................................. 50
PART 9. CONCESSION FOR RATES OR CHARGES TO PENSIONERS...........................................................................................51
PART 10. REVENUE STATEMENT....................................................................................................................................................................52
PART 11. DEBT POLICY........................................................................................................................................................................................66
PART 12. INVESTMENT POLICY......................................................................................................................................................................68
PART 13. FINANCIAL MANAGEMENT POLICY.........................................................................................................................................69
PART 14. PROCUREMENT POLICY................................................................................................................................................................73
PART 15. REVENUE POLICY..............................................................................................................................................................................76
Ipswich City Council
BUDGET FOREWORD
Welcome to the Ipswich City Council’s Budget for the 2020-2021 financial year which represents a renewed focus on
good governance, transparency and accountability. This is the first budget of the city’s newly elected council since the
2020 Local Government election and after 20 months of rule by Interim Administrators.
Ipswich really is like none other. Our city lays claim to being home to the oldest and the newest urban centres in
Queensland. We are very proud to be recognised as a destination of choice by young families and today our city
is home to 226,857 people. We expect to reach 430,000 by 2030 and more than double today’s population, to
over 500,000 by 2040. We are one of the top ten fastest growing cities in Australia and therefore need to be very
considered in planning for the needs of residents today, as well as well as the future generations to come.
Our city’s forecast growth rate is 4.5% per annum to 2036; unprecedented and extraordinary when compared with
Queensland’s expected 1.6% growth rate and Australia’s forecast growth of less than 1%. This rapid growth presents us
with a range of opportunities and also some challenges.
Ipswich is undoubtedly the key to South East Queensland’s future as a prosperous lifestyle destination ripe for
economic development to ensure people can live, work and play across our city. However, this potential needs
to be collaboratively unlocked through considered investment in major and minor infrastructure and services,
which requires all levels of Government to work together. The performance of and collaboration between all levels
of government will significantly influence the future of our city and the opportunities available to tomorrow’s
generation. This council will develop productive and beneficial relationships with both levels of government to identify
and progress catalytic projects and ensure that Ipswich receives its fair share of funding. Private sector investment
will also be crucial and we are committed to developing genuine partnerships that are based on transparency,
ethical and sustainable foundations.
It must be acknowledged that while the future is bright for our city, this 2020-2021 budget is reflective of our times.
We are on the eve of Australia’s first recession in almost three decades brought about by the global coronavirus
pandemic and impacts of COVID-19 to our economy and community are very real and lingering. There is no escaping
the uncertainties that lie ahead of us all.
As a significant employer and procurer of goods and services; we have an obligation to stimulate the local economy
and support our local community, creative and sporting groups, all of which form the fabric of this community. Council
has been working with businesses during these unprecedented COVID-19 times and this budget is designed to keep
people in work, and make your money work harder to keep the broader community safe.
As your new Mayor, I am committed to demonstrating that this council has the community’s best interests at heart by
being honest and open about our performance. We must all be held to account to ensure that our $600 million annual
budget delivers more than ever before, for every town and suburb.
We are also pleased to launch the inaugural three-year capital program, a first for this council. This will ensure that
infrastructure and public works are properly prioritised and delivered to improve community assets. We are also
passionate about ensuring the organisation deliver a new level of exceptional services to the community and will be
working hard to achieve this.
Finally, this budget has been developed collaboratively by councillors and council officers in a short-time frame under
some exceptional and unprecedented circumstances. I wish to personally thank all those involved for your service and
dedication to ensuring this budget delivers for the people of Ipswich over the next financial year and beyond.
As your 51st Mayor, I look forward to being of service to you over the coming four years.
Yours sincerely,
Mayor Teresa Harding
2020-2021 Budget 1
PART 1. BUDGETED FINANCIAL STATEMENTS
AND LONG-TERM FINANCIAL FORECAST
2020–2021 BUDGETED FINANCIAL STATEMENTS
STATEMENT OF INCOME AND EXPENDITURE
2019–2020 2020–2021 2021–2022 2022–2023
Anticipated Budget Estimated Estimated
$’000 $’000 $’000 $’000
Income
Operating Revenue
Differential General Rates 178,205 189,346 195,554 202,699
Utility and Other Charges 35,537 37,057 38,403 39,945
less Discounts and Remissions (11,351) (11,614) (11,796) (12,018)
Net Rates, Levies and Charges 202,391 214,789 222,161 230,626
Fees and Charges 28,915 25,080 26,688 28,808
Interest and Investment Revenue 4,572 2,224 1,605 1,813
Sales Revenue 3,573 3,526 3,653 3,798
Other Income 45,943 37,635 42,631 42,573
Grants, Subsidies, Contributions and Donations 12,006 11,487 11,770 12,078
Total Operating Revenue 297,400 294,741 308,508 319,696
Capital Revenue
Grants, Subsidies, Contributions and Donations 6,907 15,924 7,079 7,048
Developer Donated Assets 129,896 67,685 69,716 71,518
Developer Cash Contributions 19,394 15,565 26,536 24,684
Capital Loss on Disposal - - - (8,032)
Total Income 453,597 393,915 411,839 414,914
Expenses
Operating Expenses
Employee Benefits 99,377 105,636 108,565 111,711
Materials and Services 95,086 93,575 97,947 96,884
Finance Costs 13,648 13,527 12,942 11,934
Depreciation and Amortisation 72,659 75,411 78,053 80,325
Other Expenses 13,048 15,283 15,564 15,607
Total Expenses 293,818 303,432 313,071 316,461
Net Result 159,779 90,483 98,768 98,453
Operating Result
Operating Revenue 297,400 294,741 308,508 319,696
Operating Expenses 293,818 303,432 313,071 316,461
Operating Result 3,582 (8,691) (4,563) 3,235
2 Ipswich City Council
STATEMENT OF FINANCIAL POSITION
2019–2020 2020–2021 2021–2022 2022–2023
Anticipated Budget Estimated Estimated
$’000 $’000 $’000 $’000
Assets
Current Assets
Cash and Cash Equivalents 198,907 130,717 104,811 104,509
Receivables 24,504 24,802 26,160 27,202
Inventories 1,262 1,314 1,374 1,445
Other Current Assets 3,921 3,999 4,081 4,167
Total Current Assets 228,594 160,832 136,426 137,323
Non-Current Assets
Investments 310,390 310,390 310,390 310,390
Property, Plant & Equipment 2,665,882 2,864,185 2,986,962 3,042,889
Intangible Assets 23,353 24,547 29,726 36,477
Total Non-Current Assets 2,999,625 3,199,122 3,327,078 3,389,756
Total Assets 3,228,219 3,359,954 3,463,504 3,527,079
Liabilities
Current Liabilities
Payables 24,731 23,934 25,448 26,183
Borrowings 31,207 36,405 75,383 44,237
Provisions 21,912 23,307 23,942 24,625
Other Current Liabilities 1,593 1,481 1,616 1,783
Total Current Liabilities 79,443 85,127 126,389 96,828
Non-Current Liabilities
Payables 61 61 61 61
Borrowings 313,383 348,765 312,201 306,793
Provisions 2,933 3,119 3,203 3,294
Other Non-Current Liabilities 1,793 1,793 1,793 1,793
Total Non-Current Liabilities 318,170 353,738 317,258 311,941
Total Liabilities 397,613 438,865 443,647 408,769
Net Community Assets 2,830,606 2,921,089 3,019,857 3,118,310
Community Equity
Asset Revaluation Surplus 482,967 482,967 482,967 482,967
Accumulated Surplus 2,347,639 2,438,122 2,536,890 2,635,343
Total Community Equity 2,830,606 2,921,089 3,019,857 3,118,310
2020–2021 Budget 3
STATEMENT OF CASH FLOWS
2019–2020 2020–2021 2021–2022 2022–2023
Anticipated Budget Estimated Estimated
$’000 $’000 $’000 $’000
Cash Flows from Operating Activities
Receipts from Customers 284,025 280,733 293,773 304,762
Payments to Suppliers and Employees (205,375) (214,280) (220,427) (223,302)
Interest Revenue 4,572 2,224 1,605 1,813
Non-Capital Grants, Subsidies and Contributions 12,006 11,487 11,770 12,078
Borrowing Costs (13,067) (12,960) (12,355) (11,324)
Other Cash Flows from Operating Activities (1,225) (130) (142) (157)
Net Cash Flow from Operating Activities 80,936 67,074 74,224 83,870
Cash Flows from Operating Activities
Payments for property, plant and equipment (166,899) (226,676) (131,932) (123,228)
Payments for intangible assets (4,455) (5,595) (9,690) (11,960)
Proceeds from Property, Plant and equipment 4,779 25,049 5,328 55,671
Grants, Subsidies, Contributions and Donations 26,301 31,489 33,615 31,732
Other Cash Flows from Investing Activities (14,370) (112) 135 167
Net Cash Flows from Investing Activities (154,644) (175,845) (102,544) (47,618)
Cash Inflows from Financing Activities
Proceeds from Borrowings 57,100 73,800 40,000 40,000
Repayment of Borrowings (27,099) (33,099) (37,466) (76,434)
Repayments made on Finance Leases (120) (120) (120) (120)
Net Cash Flows from Financing Activities 29,881 40,581 2,414 (36,554)
Net Increase/(Decrease) for the year (43,827) (68,190) (25,906) (302)
Opening Cash and Cash Equivalents 242,734 198,907 130,717 104,811
Closing Cash and Cash Equivalents 198,907 130,717 104,811 104,509
4 Ipswich City Council
STATEMENT OF CHANGES IN EQUITY
2019–2020 2020–2021 2021–2022 2022–2023
Anticipated Budget Estimated Estimated
$’000 $’000 $’000 $’000
Balance at Beginning of Year
Accumulated surplus' 2,187,860 2,347,639 2,438,122 2,536,890
Asset revaluation reserve 482,967 482,967 482,967 482,967
Total Community Equity 2,670,827 2,830,606 2,921,089 3,019,857
Net Result for the Period
Accumulated surplus' 159,779 90,483 98,768 98,453
Asset revaluation reserve - - - -
Total Community Equity 159,779 90,483 98,768 98,453
Asset Revaluation Adjustments
Accumulated surplus' - - - -
Asset Revaluation reserve - - - -
Total Community Equity - - - -
Balance at End of Period
Accumulated surplus' 2,347,639 2,438,122 2,536,890 2,635,343
Asset revaluation reserve 482,967 482,967 482,967 482,967
TOTAL COMMUNITY EQUITY 2,830,606 2,921,089 3,019,857 3,118,310
2020-2021 Budget 5
ESTIMATED STATEMENT OF INCOME AND EXPENDITURE – IPSWICH WASTE SERVICES
In accordance with section 169(3)(i)(2) of the Local Government Regulation 2012, Council is required to include in the
budget the estimated costs of the activities of the local government’s commercial business units.
2020–2021
Estimated
$’000
Revenue
Utilities and other charges 32,586
Fees and Charges 7,474
Interest revenue 152
Other revenue 6,684
Internal trading revenue 2,254
Total Revenue 49,150
Expenses
Employee Expenses 6,579
Materials and Services 9,038
Depreciation 783
Other expenses 8,293
Internal trading expense 9,305
Tax equivalents expense 6,890
Total Expenses 40,888
Net Operating Surplus 8,262
RATES COMPARISION
In accordance with section 169(6) of the Local Government Regulation 2012, the council is required to report the
total value of the change, expressed as a percentage in the rates and utility charges levied for the financial year
(2020–2021) compared with the rates and utility charges levied in the previous budget (2019–2020).
2019–2020 2020–2021 Increase
Budget Budget
Rates 186,721 193,642 3.71%*
Utility Charges 32,947 32,761 -0.56%*
Gross Rates and Charges 219,668 226,403 3.07%*
less Discounts and Remissions (11,186) (11,614)
Net Rates and Charges 208,482 214,789
*includes estimated growth
6 Ipswich City Council
2020-2021 Budget 7
2020–2021 INCOME
10%
6%
7%
4% 55%
17%
■ Net Rates and Utility Charges $214,789
■ Developer Donated assets $67,685
■ Developer Cash contributions $15,565
■ Government grants and subsidies $27,411
■ Fees and charges $25,080
■ Interest revenue $2,224
■ Other revenue $41,161
$ Total Revenue $393,915
8 Ipswich City Council2020–2021 EXPENSES
5%
4%
35%
25%
31%
■ Employee expenses $105,636
■ Materials and services $93,575
■ Depreciation $75,411
■ Finance costs $13,527
■ Other Expenses $15,283
$ Total Expenses $303,432
2020-2021 Budget 92020–2021 LONG-TERM FINANCIAL FORECAST
STATEMENT OF INCOME AND EXPENDITURE
2020–2021 2021–2022 2022–2023 2023–2024
Budget Estimated Estimated Estimated
$’000 $’000 $’000 $’000
Income
Operating Revenue
Differential General Rates 189,346 195,554 202,699 210,749
Utility and Other Charges 37,057 38,403 39,945 41,718
less Discounts and Remissions (11,614) (11,796) (12,018) (12,286)
Net Rates, Levies and Charges 214,789 222,161 230,626 240,181
Fees and Charges 25,080 26,688 28,808 32,426
Interest and Investment Revenue 2,224 1,605 1,813 1,991
Sales Revenue 3,526 3,653 3,798 3,964
Other Income 37,635 42,631 42,573 42,886
Grants, Subsidies, Contributions and Donations 11,487 11,770 12,078 12,413
Total Operating Revenue 294,741 308,508 319,696 333,861
Capital Revenue
Grants, Subsidies, Contributions and Donations 15,924 7,079 7,048 7,480
Developer Donated Assets 67,685 69,716 71,518 73,666
Developer Cash Contributions 15,565 26,536 24,684 27,387
Capital Loss on Disposal - - (8,032) -
Total Income 393,915 411,839 414,914 442,394
Expenses
Operating Expenses
Employee Benefits 105,636 108,565 111,711 115,793
Materials and Services 93,575 97,947 96,884 99,323
Finance Costs 13,527 12,942 11,934 10,797
Depreciation and Amortisation 75,411 78,053 80,325 81,980
Other Expenses 15,283 15,564 15,607 16,226
Total Expenses 303,432 313,071 316,461 324,119
Net Result 90,483 98,768 98,453 118,275
Operating Result
Operating Revenue 294,741 308,508 319,696 333,861
Operating Expenses 303,432 313,071 316,461 324,119
Operating Result (8,691) (4,563) 3,235 9,742
10 Ipswich City Council2024–2025 2025–2026 2026–2027 2027–2028 2028–2029 2029–2030
Estimated Estimated Estimated Estimated Estimated Estimated
$’000 $’000 $’000 $’000 $’000 $’000
219,921 229,548 239,655 250,269 261,417 273,130
43,701 45,787 47,981 50,290 52,719 55,276
(12,591) (12,900) (13,213) (13,530) (13,851) (14,176)
251,031 262,435 274,423 287,029 300,285 314,230
35,817 37,548 39,365 41,271 43,271 45,372
2,372 2,684 3,119 3,705 4,161 4,569
4,150 4,346 4,552 4,769 4,998 5,238
43,540 44,880 46,284 47,758 49,303 50,925
12,773 13,152 13,548 13,964 14,400 14,857
349,683 365,045 381,291 398,496 416,418 435,191
7,587 7,675 7,765 4,875 4,986 5,098
75,510 77,775 80,108 82,511 85,000 95,000
28,484 29,315 30,326 35,097 36,000 37,000
- - - - - -
461,264 479,810 499,490 520,979 542,404 572,289
120,058 124,516 128,988 133,664 138,557 143,678
100,030 104,768 106,754 113,050 114,520 121,530
9,800 8,739 7,495 7,134 7,134 7,535
83,538 84,618 85,969 84,753 88,562 93,701
16,913 17,636 18,395 19,194 20,034 20,917
330,339 340,277 347,601 357,795 368,807 387,361
130,925 139,533 151,889 163,184 173,597 184,928
349,683 365,045 381,291 398,496 416,418 435,191
330,339 340,277 347,601 357,795 368,807 387,361
19,344 24,768 33,690 40,701 47,611 47,830
2020-2021 Budget 11STATEMENT OF FINANCIAL POSITION
2020–2021 2021–2022 2022–2023 2023–2024
Budget Estimated Estimated Estimated
$’000 $’000 $’000 $’000
Assets
Current Assets
Cash and Cash Equivalents 130,717 104,811 104,509 108,307
Receivables 24,802 26,160 27,202 28,449
Inventories 1,314 1,374 1,445 1,529
Other Current Assets 3,999 4,081 4,167 4,257
Total Current Assets 160,832 136,426 137,323 142,542
Non-Current Assets
Investments 310,390 310,390 310,390 310,390
Property, Plant & Equipment 2,864,185 2,986,962 3,042,889 3,145,648
Intangible Assets 24,547 29,726 36,477 43,705
Total Non-Current Assets 3,199,122 3,327,078 3,389,756 3,499,743
Total Assets 3,359,954 3,463,504 3,527,079 3,642,285
Liabilities
Current Liabilities
Payables 23,934 25,448 26,183 27,309
Borrowings 36,405 75,383 44,237 48,412
Provisions 23,307 23,942 24,625 25,511
Other Current Liabilities 1,481 1,616 1,783 1,980
Total Current Liabilities 85,127 126,389 96,828 103,212
Non-Current Liabilities
Payables 61 61 61 61
Borrowings 348,765 312,201 306,793 297,222
Provisions 3,119 3,203 3,294 3,412
Other Non-Current Liabilities 1,793 1,793 1,793 1,793
Total Non-Current Liabilities 353,738 317,258 311,941 302,488
Total Liabilities 438,865 443,647 408,769 405,700
Net Community Assets 2,921,089 3,019,857 3,118,310 3,236,585
Community Equity
Asset Revaluation Surplus 482,967 482,967 482,967 482,967
Accumulated Surplus 2,438,122 2,536,890 2,635,343 2,753,618
Total Community Equity 2,921,089 3,019,857 3,118,310 3,236,585
12 Ipswich City Council2024–2025 2025–2026 2026–2027 2027–2028 2028–2029 2029–2030
Estimated Estimated Estimated Estimated Estimated Estimated
$’000 $’000 $’000 $’000 $’000 $’000
119,466 123,124 139,911 149,530 154,135 156,131
29,871 31,165 32,524 33,859 35,453 37,031
1,625 1,728 1,836 1,952 2,075 2,205
4,350 4,448 4,550 4,657 4,769 4,886
155,312 160,465 178,821 189,998 196,432 200,253
310,390 310,390 310,390 310,390 310,390 310,390
3,260,204 3,381,621 3,496,615 3,645,485 3,819,882 4,014,340
44,967 46,458 47,783 48,583 48,922 48,672
3,615,561 3,738,469 3,854,788 4,004,458 4,179,194 4,373,402
3,770,873 3,898,934 4,033,609 4,194,456 4,375,626 4,573,655
28,441 29,879 31,135 32,705 34,113 35,855
52,969 43,974 34,334 34,046 33,790 36,978
26,437 27,404 28,375 29,390 30,451 31,563
2,167 2,271 2,381 2,496 2,616 2,743
110,014 103,528 96,225 98,637 100,970 107,139
61 61 61 61 61 61
287,959 282,845 272,804 267,920 273,019 279,803
3,536 3,664 3,794 3,929 4,070 4,218
1,793 1,793 1,793 1,793 1,793 1,793
293,349 288,363 278,452 273,703 278,943 285,875
403,363 391,891 374,677 372,340 379,913 393,014
3,367,510 3,507,043 3,658,932 3,822,116 3,995,713 4,180,641
482,967 482,967 482,967 482,967 482,967 482,967
2,884,543 3,024,076 3,175,965 3,339,149 3,512,746 3,697,674
3,367,510 3,507,043 3,658,932 3,822,116 3,995,713 4,180,641
2020-2021 Budget 13STATEMENT OF CASH FLOWS
2020–2021 2021–2022 2022–2023 2023–2024
Budget Estimated Estimated Estimated
$’000 $’000 $’000 $’000
Cash Flows from Operating Activities
Receipts from Customers 280,733 293,773 304,762 318,209
Payments to Suppliers and Employees (214,280) (220,427) (223,302) (229,848)
Interest Revenue 2,224 1,605 1,813 1,991
Non-Capital Grants, Subsidies and Contributions 11,487 11,770 12,078 12,413
Borrowing Costs (12,960) (12,355) (11,324) (10,160)
Other Cash Flows from Operating Activities (130) (142) (157) (174)
Net Cash Flow from Operating Activities 67,074 74,224 83,870 92,431
Cash Flows from Operating Activities
Payments for property, plant and equipment (226,676) (131,932) (123,228) (111,241)
Payments for intangible assets (5,595) (9,690) (11,960) (13,006)
Proceeds from Property, Plant and equipment 25,049 5,328 55,671 5,946
Grants, Subsidies, Contributions and Donations 31,489 33,615 31,732 34,867
Other Cash Flows from Investing Activities (112) 135 167 197
Net Cash Flows from Investing Activities (175,845) (102,544) (47,618) (83,237)
Cash Inflows from Financing Activities
Proceeds from Borrowings 73,800 40,000 40,000 40,000
Repayment of Borrowings (33,099) (37,466) (76,434) (45,396)
Repayments made on Finance Leases (120) (120) (120) -
Net Cash Flows from Financing Activities 40,581 2,414 (36,554) (5,396)
Net Increase/(Decrease) for the year (68,190) (25,906) (302) 3,798
Opening Cash and Cash Equivalents 198,907 130,717 104,811 104,509
Closing Cash and Cash Equivalents 130,717 104,811 104,509 108,307
14 Ipswich City Council2024–2025 2025–2026 2026–2027 2027–2028 2028–2029 2029–2030
Estimated Estimated Estimated Estimated Estimated Estimated
$’000 $’000 $’000 $’000 $’000 $’000
333,116 347,916 363,266 379,491 396,264 414,187
(235,485) (245,087) (252,513) (263,954) (271,306) (283,963)
2,372 2,684 3,119 3,705 4,161 4,569
12,773 13,152 13,548 13,964 14,400 14,857
(9,133) (8,041) (6,764) (6,368) (6,331) (6,694)
(190) (200) (211) (222) (235) (247)
103,453 110,424 120,445 126,616 136,953 142,709
(122,997) (129,181) (121,847) (151,768) (178,063) (192,980)
(7,137) (7,215) (7,345) (7,540) (7,735) (7,930)
6,288 6,645 7,013 7,396 7,500 8,000
36,071 36,990 38,091 39,972 40,986 42,098
187 104 110 115 121 127
(87,588) (92,657) (83,978) (111,825) (137,191) (150,685)
45,000 40,000 25,000 30,000 40,000 45,000
(49,706) (54,109) (44,680) (35,172) (35,157) (35,028)
- - - - - -
(4,706) (14,109) (19,680) (5,172) 4,843 9,972
11,159 3,658 16,787 9,619 4,605 1,996
108,307 119,466 123,124 139,911 149,530 154,135
119,466 123,124 139,911 149,530 154,135 156,131
2020-2021 Budget 15STATEMENT OF CHANGES IN EQUITY
2020–2021 2021–2022 2022–2023 2023–2024
Budget Estimated Estimated Estimated
$’000 $’000 $’000 $’000
Balance at Beginning of Year
Accumulated surplus' 2,347,639 2,438,122 2,536,890 2,635,343
Asset revaluation reserve 482,967 482,967 482,967 482,967
Total Community Equity 2,830,606 2,921,089 3,019,857 3,118,310
Net Result for the Period
Accumulated surplus' 90,483 98,768 98,453 118,275
Asset revaluation reserve - - - -
Total Community Equity 90,483 98,768 98,453 118,275
Asset Revaluation Adjustments
Accumulated surplus' - - - -
Asset Revaluation reserve - - - -
Total Community Equity - - - -
Balance at End of Period
Accumulated surplus' 2,438,122 2,536,890 2,635,343 2,753,618
Asset revaluation reserve 482,967 482,967 482,967 482,967
TOTAL COMMUNITY EQUITY 2,921,089 3,019,857 3,118,310 3,236,585
16 Ipswich City Council2024–2025 2025–2026 2026–2027 2027–2028 2028–2029 2029–2030
Estimated Estimated Estimated Estimated Estimated Estimated
$’000 $’000 $’000 $’000 $’000 $’000
2,753,618 2,884,543 3,024,076 3,175,965 3,339,149 3,512,746
482,967 482,967 482,967 482,967 482,967 482,967
3,236,585 3,367,510 3,507,043 3,658,932 3,822,116 3,995,713
130,925 139,533 151,889 163,184 173,597 184,928
- - - - - -
130,925 139,533 151,889 163,184 173,597 184,928
- - - - - -
- - - - - -
- - - - - -
2,884,543 3,024,076 3,175,965 3,339,149 3,512,746 3,697,674
482,967 482,967 482,967 482,967 482,967 482,967
3,367,510 3,507,043 3,658,932 3,822,116 3,995,713 4,180,641
2020–2021 Budget 17FINANCIAL RATIOS (AS PER LOCAL GOVERNMENT REGULATION 2012)
2020–2021 2021–2022 2022–2023 2023–2024
Budget Estimated Estimated Estimated
Operating Surplus -2.95% -1.48% 1.01% 2.92%
(Net Result (excluding Capital items)) / Total Operating Revenue)
This is an indicator of what extent to which revenues raised cover operational expenses only or are available for
capital funding purposes. The operating surplus ratio is the operating surplus (deficit) expressed as a percentage of
total operating revenue.
Net Financial Liabilities 94.33% 99.58% 84.91% 78.82%
(Total Liabilities less Current Assets / Total Operating Revenue)
This is an indicator of the extent to which the net financial liabilities of a local government can be serviced by its
operating revenues. A ratio greater than zero (positive) indicates that total financial liabilities exceed current assets.
These net financial liabilities must be serviced using available operating revenues.
Asset Sustainability 69.06% 82.09% 81.04% 82.25%
(Capex on replacement of assets / Depreciation Expense)
This is an approximation of the extent to which the infrastructure assets managed by the local government are being
replaced as these reach the end of their useful lives. Depreciation expense represents an estimate of the extent to
which the infrastructure assets have been consumed in a period.
18 Ipswich City Council2024–2025 2025–2026 2026–2027 2027–2028 2028–2029 2029–2030
Estimated Estimated Estimated Estimated Estimated Estimated
5.53% 6.78% 8.84% 10.21% 11.43% 10.99%
70.94% 63.40% 51.37% 45.76% 44.06% 44.29%
82.28% 88.37% 87.58% 94.79% 101.92% 104.98%
2020–2021 Budget 19OTHER FINANCIAL RATIOS (AS DETERMINED BY COUNCIL)
2020–2021 2021–2022 2022–2023 2023–2024
Budget Estimated Estimated Estimated
Operating Efficiency 0.97 0.99 1.01 1.03
(Operating Revenue / Operating Expenses)
This ratio provides an indication of council’s capacity to recover the cost of the day to day expenses of council.
This includes the consumption of council’s asset base through depreciation expense.
Debt Servicing 15.63% 16.15% 27.45% 16.64%
(I & R / Total Operating Revenue)
This ratio provides an indication of council’s capacity to service its outstanding loan borrowings.
Working Capital ( -- : 1 ) 1.89 : 1 1.08 : 1 1.42 : 1 1.38 : 1
(Current Assets / Current Liabilities)
This ratio provides an indication of council’s ability to meet its short term obligations as they fall due.
Budget estimates are within satisfactory ranges.
Note: Current Liabilities are exclusive of liability for infrastructure Credits.
Return on Assets 0.13% 0.22% 0.41% 0.55%
(EBIT / Assets)
This ratio provides an indication of council’s efficiency in using its assets to generate earnings.
(Where EBIT = Net Operating Result + interest expense + tax)
20 Ipswich City Council2024–2025 2025–2026 2026–2027 2027–2028 2028–2029 2029–2030
Estimated Estimated Estimated Estimated Estimated Estimated
1.06 1.07 1.10 1.11 1.13 1.12
16.83% 17.03% 13.49% 10.42% 9.96% 9.59%
1.41 : 1 1.55 : 1 1.86 : 1 1.93 : 1 1.95 : 1 1.87 : 1
0.76% 0.84% 1.00% 1.12% 1.23% 1.19%
2020-2021 Budget 21PART 2. DIFFERENTIAL GENERAL RATES
2.1 DIFFERENTIAL GENERAL RATES (c) an organisation whose purpose is to promote
or assist in the promotion of providing
In accordance with section 94 of the Local Government educational, training or information aimed at
Act 2009 and section 80 of the Local Government youth development or leisure opportunities;
Regulation 2012, the council has decided to levy
differential general rates on rateable land in the local (d) an organisation which the council determines
government area on the basis set out in this Part 2. to be a charitable purpose;
(e) an organisation whose purpose is to preserve,
2.2 DEFINITIONS restore or maintain structures or places of
cultural, environmental, historic, heritage
(1) In this Part 2: or scientific significance to the local
government area;
auxiliary unit means a dwelling which is:
(f) an entity that provides assistance
(a) located on the same parcel of land as another
or encouragement for the arts or
dwelling (the main dwelling);
cultural development;
(b) subordinate in form and nature to the main
(g) an organisation whose purpose is to provide
dwelling; and
early childhood care and is affiliated with
(c) a lawful use under the following: the Créche and Kindergarten Association
or is a community based early childhood
(i) the Planning Act 2016, for any of care provider.
the following:
community titles scheme means a scheme
(A) an auxiliary unit as defined in the
of community title however referred to under
Ipswich Planning Scheme;
a community titles Act as defined in the Local
(B) a relative’s flat as defined in the Government Regulation 2012.
Springfield Structure Plan in Part 14
of the Ipswich Planning Scheme; drive-in shopping centre means a premises or a
cluster of premises that:
(ii) the Economic Development Act 2012, for
a secondary dwelling associated with a (a) is used wholly or predominately for carrying
house, as defined in the Ripley Valley Urban out a retail business; and
Development Area Development Scheme.
(b) is contained within one or more buildings or
Brookwater means the suburb of Brookwater structures on one or more levels; and
within the local government area which is bounded
by Woogaroo Creek to the west and north, (c) provides off-street parking for
Opossum Creek to the north and east, Centenary customer vehicles.
Highway to the south and Augusta Parkway to the
west and is or was within the area of Lots 3, 4, 6 dwelling means a building or part of a building
and 7 on SP133267 and Lot 8 on SP143597 in the that is used or is adapted to be used for a
County of Stanley, Parish of Stapylton. residential purpose.
charitable organisation means any one or more gross lettable area (GLA) means that part of
of the following: the total floor area expressed in square metres of
a premises that is occupied or capable of being
(a) an organisation supplying help, aid, relief, or occupied by means of an agreement or contract
support to, or the education or instruction for a retail, commercial or ancillary purpose as
(whether spiritual, mental, physical, technical, determined by council from any information source
social, or otherwise) of, or the care, housing, or council deems appropriate.
assistance otherwise of, any persons in distress;
high rise structure means a structure that has
(b) an organisation aiding in any manner five or more storeys above ground whether a
howsoever, of any hospital or ambulance or storey is used for a residential use or any other use.
nursing service in the city;
22 Ipswich City Councilnatural person means a human being. Primary Council Land Use Code means a
primary land use code approved by the council
non-commercial revenue means revenue arising
which identifies the principal use of the land that is
from an arrangement which is either: attributable to a rating category as identified in:
(a) a commercial arrangement where the revenue (a) Table 3A (Primary Council Land Use Code
is substantially less than full commercial applicable to rating categories 1 to 25);
revenue; or
(b) Table 3B (Primary Council Land Use Code
(b) an arrangement other than a commercial applicable to rating categories 41 to 50); and
arrangement such as a domestic arrangement.
(c) Table 3C (Primary Council Land Use Code
non-profit or sporting organisation means an
applicable to rating categories 55a to 55o).
organisation whose objectives do not include the
making of profit. principal place of residence means the place at
which a person primarily resides.
owner occupied means land used for any of
the following: rating category see section 2.3 of Part 2.
(a) a residential purpose which is the principal retail business has the meaning in the Retail Shop
place of residence of the owner of the land; Leases Regulation 2016.
(b) a residential purpose which is the principal retail purpose means a single premises or a cluster
place of residence of a natural person other of premises that is used wholly or predominantly
than the owner of the land who is a life tenant for the offering of goods or services by means
under the provisions of a will; of sale, hire, supply, membership, subscription or
other method of trade or commerce, and includes
(c) a residential purpose which is not the principal premises used wholly or predominantly for a retail
place of residence of the owner of the land that: business, shop or group of shops, retail warehouse,
drive-in shopping centre, service station,
(i) is occupied as a place of residence by a restaurant, hotel or tavern.
natural person other than the owner of the
land; and Secondary Land Use Code means a secondary
land use code approved by the council which is
(ii) does not produce a revenue or produces a used in conjunction with the Primary Council Land
non commercial revenue; or Use Code to indicate a particular land use that is
attributable to a rating category as identified in
(d) a farming and grazing purpose which is also
Table 3D.
used as the principal place of residence by the
owner of the land. storey means that part of a building between floor
levels and if there is no floor above, it is the part
potential owner occupied means any of
between the floor level and the ceiling.
the following:
(a) vacant land which is capable of being used for aste recycling or waste processing means
w
a residential purpose which is a principal place waste recycling or waste processing activities
of residence of the owner of the land; including, but not limited to, the following:
(b) land used for a farming and grazing purpose (a) composting;
which is capable of being used as the principal (b) leachate collection;
place of residence of the owner of the land.
(c) gas collection;
(d) recycling and reprocessing of environmentally
regulated waste sludge.
2020-2021 Budget 23(2) In this Part 2, any term that is not defined, unless 2.5 DIFFERENTIAL GENERAL RATES FOR
the context or subject matter otherwise indicates RATEABLE LAND
or requires, is to have a meaning given to it by
the following: (1) In accordance with section 80 of the Local
Government Regulation 2012, the council has
(a) the Local Government Act 2009 and that decided that the differential general rates for
Act’s subordinate legislation; each rating category of rateable land in the local
government area is stated in column 2 of Table 2
(b) if not defined in the Local Government Act (Differential General Rates).
2009 and that Act’s subordinate legislation,
the Macquarie Dictionary; (2) Where the rateability of any land changes during
the financial year, an adjustment to the differential
(c) if not defined in the Macquarie Dictionary, general rates is to be made from the date the
the Oxford English Dictionary. change becomes effective.
2.3 DIFFERENTIAL GENERAL 2.6 MINIMUM GENERAL RATES
RATING CATEGORIES
In accordance with section 77 of the Local Government
(1) In accordance with section 81 of the Local Regulation 2012, the council has decided to fix a
Government Regulation 2012, the council has minimum amount of general rates for certain rating
decided as follows: categories of rateable land in the local government area
as stated in column 3 of Table 2 (Differential General
(a) that there are 60 rating categories of rateable
Rates).
land in the local government area as stated in
column 1 of Table 1 (Differential General
Rating Categories); 2.7 LIMITATION OF INCREASE IN
DIFFERENTIAL GENERAL RATES
(b) that the description of each of the rating
categories of rateable land in the local (1) In accordance with section 116 of the Local
government area is stated in column 2 of Government Regulation 2012, the council has decided
Table 1 (Differential General Rating Categories); to limit the increase in the differential general rates
for certain rating categories of rateable land in
(c) that the rating category to which each parcel the local government area to not more than the
of rateable land in the local government area differential general rates for the last financial year
belongs is the rating category which is included increased by the percentage stated in column 4 of
in the council’s rating files at the date of issue of Table 2 (Differential General Rates) where:
a relevant quarterly rating assessment notice.
(a) the rates levied for the rateable land in the
(2) The General Manager Corporate Services, last financial year were not calculated on a
Treasury Accounting Manager and Rates Property valuation issued under section 50 of the Land
Coordinator are each appointed as categorisation Valuation Act 2010;
officers under section 83 of the Local Government
Regulation 2012. (b) a change in ownership of the rateable land
has not occurred between 31 March 2020
(3) The General Manager Corporate Services, and 30 June 2021 (inclusive) except where the
Treasury Accounting Manager and Rates Property change in ownership of the rateable land is in
Coordinator are each authorised under section any of the following circumstances:
91 of the Local Government Regulation 2012 to
determine property owners’ objections to the rating (i) the change is made as the result of a
category for land under section 90 of the Local decision by a Court or Tribunal in Australia;
Government Regulation 2012.
(ii) the change is made as a result of the
registration of a transmission by death;
2.4 RATEABLE VALUE OF LAND
(iii) the change is to the spouse, where the
(1) In accordance with section 74 of the Local spouse was not previously on the title deed;
Government Regulation 2012, council has decided
that the rateable value of land for the financial year (iv) the change is to a charitable organisation
will be the three-year averaged value of the land. or non-profit or sporting organisation.
(2) In accordance with section 76 of the Local (2) The Chief Executive Officer of the council is
Government Regulation 2012, the three-year authorised to determine any query or anomalous
averaging number for the financial year is 0.97. application of section 2.7(1).
24 Ipswich City CouncilTABLE 1 – D
IFFERENTIAL GENERAL RATING CATEGORIES
(this table should be read in conjunction with the definitions in paragraph 2.2 of this Part 2)
Column 1 Column 2
Rating category of rateable land Description of rating category
1 Land not in Brookwater used for Land which meets all of the following criteria:
a residential purpose which is
(a) has any of the Primary Council Land Use Codes for this
owner occupied.
rating category;
(b) is primarily residential;
(c) is owner occupied;
(d) is not located in Brookwater.
4 Land not used for a residential Land which meets all of the following criteria:
purpose or for profit purpose.
(a) has any of the Primary Council Land Use Codes for this
rating category;
(b) is not used for a residential purpose or for profit purpose.
8 Land in Brookwater used for a Land which meets all of the following criteria:
residential purpose which is owner
(a) has any of the Primary Council Land Use Codes for this
occupied or which is vacant land
rating category;
that is potential owner occupied.
(b) is either:
(i) primarily residential and owner occupied; or
(ii) vacant land that is potential owner occupied;
(c) is located in Brookwater.
9 Land not in Brookwater used for Land which meets all of the following criteria:
a residential purpose which is not
(a) has any of the Primary Council Land Use Codes for this
owner occupied.
rating category;
(b) is primarily residential;
(c) is not owner occupied;
(d) is not located in Brookwater.
10 Land not in Brookwater which is Land which meets all of the following criteria:
vacant land less than 20,000m2
(a) has any of the Primary Council Land Use Codes for this
that is potential owner occupied.
rating category;
(b) is vacant land;
(c) is less than 20,000m2;
(d) is potential owner occupied;
(e) is not located in Brookwater.
2020-2021 Budget 25Column 1 Column 2
Rating category of rateable land Description of rating category
11 Land not in Brookwater used Land which meets all of the following criteria:
for a residential purpose which
(a) has any of the Primary Council Land Use Codes for this
is owner occupied that is in a
rating category;
community titles scheme not in
a high rise structure. (b) is primarily residential;
(c) is owner occupied;
(d) is included in a community titles scheme;
(e) is not in a high rise structure;
(f) is not located in Brookwater.
15 Land in Brookwater used for Land which meets all of the following criteria:
a residential purpose which is
(a) has any of the Primary Council Land Use Codes for this
not owner occupied or which is
rating category;
vacant land that is not potential
owner occupied. (b) is either:
(i) primarily residential and is not owner occupied; or
(ii) vacant land that is not potential owner occupied;
(c) is located in Brookwater.
16 Land not in Brookwater used for Land which meets all of the following criteria:
a residential purpose which is
(a) has any of the Primary Council Land Use Codes for this
not owner occupied that is in a
rating category;
community titles scheme not in a
high rise structure. (b) is primarily residential;
(c) is not owner occupied;
(d) is included in a community titles scheme;
(e) is not in a high rise structure;
(f) is not located in Brookwater.
17 Land not in Brookwater used for a Land which meets all of the following criteria:
residential purpose which is owner
(a) has any of the Primary Council Land Use Codes for this
occupied that is in a community
rating category;
titles scheme in a high rise structure.
(b) is primarily residential;
(c) is owner occupied;
(d) is included in a community titles scheme;
(e) is in a high rise structure;
(f) is not located in Brookwater.
18 Land not in Brookwater used for Land which meets all of the following criteria:
a residential purpose which is
(a) has any of the Primary Council Land Use Codes for this
not owner occupied that is in a
rating category;
community titles scheme in a high
rise structure. (b) is primarily residential;
(c) is not owner occupied;
(d) is included in a community titles scheme;
(e) is in a high rise structure;
(f) is not located in Brookwater.
26 Ipswich City CouncilColumn 1 Column 2
Rating category of rateable land Description of rating category
19 Land not in Brookwater which is Land which meets all of the following criteria:
vacant land less than 20,000m2
(a) has any of the Primary Council Land Use Codes for this
that is not potential owner occupied.
rating category;
(b) is vacant land;
(c) is less than 20,000m2;
(d) is not potential owner occupied;
(e) is not located in Brookwater.
22a Land used for a multi residential Land which meets all of the following criteria:
purpose, with two dwellings or a
(a) has any of the Primary Council Land Use Codes for this
dwelling with an auxiliary unit,
rating category;
which are not owner occupied.
(b) is primarily residential;
(c) includes:
(i) two dwellings; or
(ii) a dwelling with an auxiliary unit;
(d) none of the dwellings or the auxiliary unit are owner occupied.
22b Land used for a multi residential Land which meets all of the following criteria:
purpose with three to five dwellings
(a) has any of the Primary Council Land Use Codes for this
which are not owner occupied.
rating category;
(b) is primarily residential;
(c) includes three to five dwellings;
(d) one or more of the dwellings is not owner occupied.
22c Land used for a multi residential Land which meets all of the following criteria:
purpose with six to nine dwellings
(a) has any of the Primary Council Land Use Codes for this
which are not owner occupied.
rating category;
(b) is primarily residential;
(c) includes six to nine dwellings;
(d) one or more of the dwellings is not owner occupied.
22d Land used for a multi residential Land which meets all of the following criteria:
purpose with 10 to 14 dwellings
(a) has any of the Primary Council Land Use Codes for this
which are not owner occupied.
rating category;
(b) is primarily residential;
(c) includes 10 to 14 dwellings;
(d) one or more of the dwellings is not owner occupied.
22e Land used for a multi residential Land which meets all of the following criteria:
purpose with 15 to 19 dwellings
(a) has any of the Primary Council Land Use Codes for this
which are not owner occupied.
rating category;
(b) is primarily residential;
(c) includes 15 to 19 dwellings;
(d) one or more of the dwellings is not owner occupied.
2020-2021 Budget 27Column 1 Column 2
Rating category of rateable land Description of rating category
22f Land used for a multi residential Land which meets all of the following criteria:
purpose with 20 to 29 dwellings
(a) has any of the Primary Council Land Use Codes for this
which are not owner occupied.
rating category;
(b) is primarily residential;
(c) includes 20 to 29 dwellings;
(d) one or more of the dwellings is not owner occupied.
22g Land used for a multi residential Land which meets all of the following criteria:
purpose with 30 to 39 dwellings
(a) has any of the Primary Council Land Use Codes for this
which are not owner occupied.
rating category;
(b) is primarily residential;
(c) includes 30 to 39 dwellings;
(d) one or more of the dwellings is not owner occupied.
22h Land used for a multi residential Land which meets all of the following criteria:
purpose with 40 or more dwellings
(a) has any of the Primary Council Land Use Codes for this
which are not owner occupied.
rating category;
(b) is primarily residential;
(c) includes 40 or more dwellings;
(d) one or more of the dwellings is not owner occupied.
23 Land not in Brookwater which Land which meets all of the following criteria:
is vacant land that is 20,000m2
(a) has any of the Primary Council Land Use Codes for this
or greater and is potential
rating category;
owner occupied.
(b) is vacant land;
(c) is 20,000m2 or greater;
(d) is potential owner occupied;
(e) is not located in Brookwater.
24 Land not in Brookwater which Land which meets all of the following criteria:
is vacant land that is 20,000m2
(a) has any of the Primary Council Land Use Codes for this
or greater and is not potential
rating category;
owner occupied.
(b) is vacant land;
(c) is 20,000m2 or greater;
(d) is not potential owner occupied;
(e) is not located in Brookwater.
25 Land which is vacant land requiring Land which meets all of the following criteria:
rehabilitation as the subject of
(a) has any of the Primary Council Land Use Codes for this
a previous extractive industry
rating category;
involving coal mining.
(b) is vacant land;
(c) has the Secondary Land Use Code of 78 Previous extractive
industries land use requiring site rehabilitation;
(d) requires rehabilitation as the subject of a previous extractive
industry involving coal mining.
28 Ipswich City CouncilColumn 1 Column 2
Rating category of rateable land Description of rating category
41 Land used for a farming Land which meets all of the following criteria:
and grazing purpose which is
(a) has any of the Primary Council Land Use Codes for this
owner occupied or potential
rating category;
owner occupied.
(b) is primarily for farming and grazing;
(c) is either:
(i) owner occupied; or
(ii) potential owner occupied.
42 Land used for a farming and Land which meets all of the following criteria:
grazing purpose which is not
(a) has any of the Primary Council Land Use Codes for this
owner occupied.
rating category;
(b) is primarily for farming and grazing;
(c) is not owner occupied.
43a Land used for a commercial Land which meets all of the following criteria:
purpose with a rateable value of
(a) has any of the Primary Council Land Use Codes for this
less than $200,000.
rating category;
(b) is primarily for a commercial use;
(c) has a rateable value of less than $200,000.
43b Land used for a commercial Land which meets all of the following criteria:
purpose with a rateable value of
(a) has any of the Primary Council Land Use Codes for this
$200,000 to less than $500,000.
rating category;
(b) is primarily for a commercial use;
(c) has a rateable value of $200,000 to less than $500,000.
43c Land used for a commercial Land which meets all of the following criteria:
purpose with a rateable value of
(a) has any of the Primary Council Land Use Codes for this
$500,000 to less than $1,000,000.
rating category;
(b) is primarily for a commercial use;
(c) has a rateable value of $500,000 to less than $1,000,000.
43d Land used for a commercial Land which meets all of the following criteria:
purpose with a rateable value of
(a) has any of the Primary Council Land Use Codes for this
$1,000,000 to less than $2,500,000.
rating category;
(b) is primarily for a commercial use;
(c) has a rateable value of $1,000,000 to less than $2,500,000.
44a Land used for a commercial purpose Land which meets all of the following criteria:
with a rateable value of $2,500,000
(a) has any of the Primary Council Land Use Codes for this
to less than $5,000,000.
rating category;
(b) is primarily for a commercial use;
(c) has a rateable value of $2,500,000 to less than $5,000,000.
2020-2021 Budget 29Column 1 Column 2
Rating category of rateable land Description of rating category
44b Land used for a commercial Land which meets all of the following criteria:
purpose with a rateable value of
(a) has any of the Primary Council Land Use Codes for this
$5,000,000 or greater.
rating category;
(b) is primarily for a commercial use;
(c) has a rateable value of $5,000,000 or greater.
45 Land used for a noxious industry Land which meets all of the following criteria:
that is not in rating categories
(a) has any of the Primary Council Land Use Codes for this
46, 47b and 50.
rating category;
(b) is primarily for a noxious industry;
(c) is not in rating categories 46, 47b and 50.
46 Land used for a noxious industry Land which meets all of the following criteria:
involving waste recycling or
(a) has any of the Primary Council Land Use Codes for this
waste processing.
rating category;
(b) has the Secondary Land Use Code of 37 Noxious Industry –
Waste Recycling/Processing;
(c) is primarily for a noxious industry involving waste recycling or
waste processing.
47a Land used for an extractive Land which meets all of the following criteria:
industry involving coal mining or the
(a) has any of the Primary Council Land Use Codes for this
rehabilitation of land the subject
rating category;
of a previous or current extractive
industry involving coal mining. (b) has the Secondary Land Use Codes of 00 Coal mining and
ancillary and/or associated activities including mine rehabilitation;
(c) is primarily for an extractive industry involving coal mining or
the rehabilitation of land the subject of a previous or current
extractive industry involving coal mining.
47b Land used for a noxious industry Land which meets all of the following criteria:
involving a landfill.
(a) has any of the Primary Council Land Use Codes for this
rating category;
(b) has any of the following Secondary Land Use Codes:
(i) 17 Noxious Industry Land Fill – Putrescible Material;
(ii) 27 Noxious Industry Land Fill – Non Putrescible Material;
(c) is primarily for a noxious industry involving a landfill.
48 Land used for an extractive industry Land which meets all of the following criteria:
that is not in rating category 47a.
(a) has any of the Primary Council Land Use Codes for this
rating category;
(b) is primarily for an extractive industry not involving any of
the following:
(i) coal mining;
(ii) rehabilitation of land the subject of a previous or current
extractive industry involving coal mining;
(c) is not in rating category 47a.
30 Ipswich City CouncilColumn 1 Column 2
Rating category of rateable land Description of rating category
49a Land used for a light industry with a Land which meets all of the following criteria:
rateable value of less than $500,000.
(a) has any of the Primary Council Land Use Codes for this
rating category;
(b) is primarily for a light industry;
(c) has a rateable value of less than $500,000.
49b Land used for a light industry with a Land which meets all of the following criteria:
rateable value of $500,000 to less
(a) has any of the Primary Council Land Use Codes for this
than $1,000,000.
rating category;
(b) is primarily for a light industry;
(c) has a rateable value of $500,000 to less than $1,000,000.
49c Land used for a light industry with a Land which meets all of the following criteria:
rateable value of $1,000,000 to less
(a) has any of the Primary Council Land Use Codes for this
than $2,500,000.
rating category;
(b) is primarily for a light industry;
(c) has a rateable value of $1,000,000 to less than $2,500,000.
49d Land used for a light industry with a Land which meets all of the following criteria:
rateable value of $2,500,000 to less
(a) has any of the Primary Council Land Use Codes for this
than $5,000,000.
rating category;
(b) is primarily for a light industry;
(c) has a rateable value of $2,500,000 to less than $5,000,000.
49e Land used for a light industry Land which meets all of the following criteria:
with a rateable value of
(a) has any of the Primary Council Land Use Codes for this
$5,000,000 or greater.
rating category;
(b) is primarily for a light industry;
(c) has a rateable value of $5,000,000 or greater.
50 Land used for a heavy industry. Land which meets all of the following criteria:
(a) has any of the Primary Council Land Use Codes for this
rating category;
(b) if the land has a Primary Council Land Use Code of 37
Noxious/Offensive Industry, the land also has a Secondary
Land Use Code of 99 Power Station;
(c) is primarily for a heavy industry.
55a Land used for a retail purpose Land which meets all of the following criteria:
with a total GLA of less than
(a) has any of the Primary Council Land Use Codes for this
5,000m2 and a rateable value
rating category;
of less than $200,000.
(b) is primarily for a retail purpose with a total GLA of less
than 5,000m2;
(c) has a rateable value of less than $200,000.
2020-2021 Budget 31Column 1 Column 2
Rating category of rateable land Description of rating category
55b Land used for a retail purpose with Land which meets all of the following criteria:
a total GLA of less than 5,000m2
(a) has any of the Primary Council Land Use Codes for this
and a rateable value of $200,000
rating category;
to less than $500,000.
(b) is primarily for a retail purpose with a total GLA of less
than 5,000m2;
(c) has a rateable value of $200,000 to less than $500,000.
55c Land used for a retail purpose with Land which meets all of the following criteria:
a total GLA of less than 5,000m2
(a) has any of the Primary Council Land Use Codes for this
and a rateable value of $500,000
rating category;
to less than $1,000,000.
(b) is primarily for a retail purpose with a total GLA of less
than 5,000m2;
(c) has a rateable value of $500,000 to less than $1,000,000.
55d Land used for a retail purpose with Land which meets all of the following criteria:
a total GLA of less than 5,000m2
(a) has any of the Primary Council Land Use Codes for this
and a rateable value of $1,000,000
rating category;
to less than $2,500,000.
(b) is primarily for a retail purpose with a total GLA of less
than 5,000m2;
(c) has a rateable value of $1,000,000 to less than $2,500,000.
55e Land used for a retail purpose with Land which meets all of the following criteria:
a total GLA of 5,000m2 to less than
(a) has any of the Primary Council Land Use Codes for this
7,500m2 and a rateable value of less
rating category;
than $2,500,000.
(b) is primarily for a retail purpose with a total GLA of 5,000m2
to less than 7,500m2;
(c) has a rateable value of less than $2,500,000.
55f Land used for a retail purpose with Land which meets all of the following criteria:
a total GLA of 7,500m2 to less than
(a) has any of the Primary Council Land Use Codes for this
10,000m2 and a rateable value of
rating category;
less than $2,500,000.
(b) is primarily for a retail purpose with a total GLA of 7,500m2
to less than 10,000m2;
(c) has a rateable value of less than $2,500,000.
55g Land used for a retail purpose with Land which meets all of the following criteria:
a total GLA of less than 10,000m2
(a) has any of the Primary Council Land Use Codes for this
and a rateable value of $2,500,000
rating category;
or greater.
(b) is primarily for a retail purpose with a total GLA of less
than 10,000m2;
(c) has a rateable value of $2,500,000 or greater.
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