❓ Mr Bradshaw raises concerns about increasing debts on properties involved in the Finance Brokers Scandal due to unpaid rates and interest. The Minister acknowledges the issue but clarifies the limited power to intervene, encouraging local governments to offer relief.
AnsweredQoN 814Legislative Assembly
QuestionView source ↗
(1) Is the Minister aware that properties involved in the Finance Brokers Scandal are currently running up large debts (against these properties) for non-payment of rates plus interest?
(2) Is the Minister doing anything to have these rates plus interest stopped to prevent further erosion of the value of the properties?
(2) Is the Minister doing anything to have these rates plus interest stopped to prevent further erosion of the value of the properties?
AnswerView source ↗
Answered
22 August 2001
Responded by
Minister representing the Minister for Local Government and Regional Development
Response time
13 days
(1) Yes (2) Local governments are responsible for setting and recovering legally imposed rates and charges. As Minister for Local Government and Regional Development, I do not have the legislative power to direct councils to provide rate relief to property owners affected by the finance brokers’ scandal. The Government understands that several local governments have indicated that they are willing to enter into agreements with affected property owners for the repayment of rates over time. At least one (the City of Kalgoorlie-Boulder) has resolved to write off part of the interest owing on affected property. The Government would encourage all local governments to give sympathetic consideration to approaches from investors suffering financial hardship on account of failed mortgage broker schemes.
(2) Local governments are responsible for setting and recovering legally imposed rates and charges. As Minister for Local Government and Regional Development, I do not have the legislative power to direct councils to provide rate relief to property owners affected by the finance brokers’ scandal. The Government understands that several local governments have indicated that they are willing to enter into agreements with affected property owners for the repayment of rates over time. At least one (the City of Kalgoorlie-Boulder) has resolved to write off part of the interest owing on affected property. The Government would encourage all local governments to give sympathetic consideration to approaches from investors suffering financial hardship on account of failed mortgage broker schemes.
The Government understands that several local governments have indicated that they are willing to enter into agreements with affected property owners for the repayment of rates over time. At least one (the City of Kalgoorlie-Boulder) has resolved to write off part of the interest owing on affected property. The Government would encourage all local governments to give sympathetic consideration to approaches from investors suffering financial hardship on account of failed mortgage broker schemes.
(2) Local governments are responsible for setting and recovering legally imposed rates and charges. As Minister for Local Government and Regional Development, I do not have the legislative power to direct councils to provide rate relief to property owners affected by the finance brokers’ scandal. The Government understands that several local governments have indicated that they are willing to enter into agreements with affected property owners for the repayment of rates over time. At least one (the City of Kalgoorlie-Boulder) has resolved to write off part of the interest owing on affected property. The Government would encourage all local governments to give sympathetic consideration to approaches from investors suffering financial hardship on account of failed mortgage broker schemes.
The Government understands that several local governments have indicated that they are willing to enter into agreements with affected property owners for the repayment of rates over time. At least one (the City of Kalgoorlie-Boulder) has resolved to write off part of the interest owing on affected property. The Government would encourage all local governments to give sympathetic consideration to approaches from investors suffering financial hardship on account of failed mortgage broker schemes.
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