❓ WA Treasurer is questioned about the government's assumptions for price increases in various sectors and the resulting revenue increases over the next three financial years. The response provides specific figures for CTP insurance, driver's licenses, and the emergency services levy, along with overall revenue increases.
AnsweredQoN 1029Legislative Assembly
QuestionView source ↗
In each of the financial years 2010–2011, 2011–2012, 2012–2013 can the Minister provide:
(1) What assumptions has the government built into the forward estimates for price increases in:
(a) water;
(b) public transport fares;
(c) motor vehicle licence fees;
(d) sewerage;
(e) compulsory third party insurance;
(f) driver’s licence fees;
(g) stamp duty on compulsory third party insurance;
(h) stamp duty on general insurance; and
(i) emergency services levy?
(2) What revenue increase has been assumed as a result of these price increase assumptions?
(1) What assumptions has the government built into the forward estimates for price increases in:
(a) water;
(b) public transport fares;
(c) motor vehicle licence fees;
(d) sewerage;
(e) compulsory third party insurance;
(f) driver’s licence fees;
(g) stamp duty on compulsory third party insurance;
(h) stamp duty on general insurance; and
(i) emergency services levy?
(2) What revenue increase has been assumed as a result of these price increase assumptions?
AnswerView source ↗
Answered
3 August 2009
Response time
54 days
Table 3. Assumed percentage increases in Compulsory Third Party Insurance premiums 2010-11 (%) 2011-12 (%) 2012-13 (%) CTP Premium Increases 4.5 4.8 4.8 (f) Drivers license fees have been assumed to increase by 4.2% per annum in 2010-11, 2011-12 and 2012-13. (g) No increases in stamp duty rates have been assumed in the forward estimates for insurance. (h) Same answer as above (g). (i) As indicated on page 218 of Budget Paper 3, the total amount to be raised by the Emergency Services Levy is projected to increase by $12 million in 2010-11, $5 million in 2011-12 and $14 million in 2012-13. The amounts to be raised each year are determined by the operating costs associated with the services to be delivered by the Fire and Emergency Services Authority. The actual increase in the levy payable by the average household, as a result of these requirements, will depend on property valuation advice received at the time the rates are determined each year. (2) Table 4 displays the year-on-year revenue increases associated with the above pricing assumptions. It should be noted that a majority of the additional revenue is forecast to be raised by agencies outside the general government sector and is required to meet increases in operating costs. Table 4. Summary of revenue increase of assumed pricing 2010-11 $'000 2011-12 $'000 2012-13 $'000 Revenue increase to recover costs Water 44,874 45,657 47,607 Public transport fares na na na Sewerage 21,099 19,562 17,634 Compulsory Third Party Insurance 33,500 37,500 40,600 Drivers licence fees 713 716 745 Emergency Services Levy 12,000 5,000 14,000 General revenue increase to Consolidated Account Motor Vehicle licence fees (2) 15,700 16,000 16,500 Stamp duty on Compulsory Third Party insurance na na na Stamp duty on general insurance na na na Total revenue increase 127,886 124,435 137,086 Note: (1) Since estimated price increases are included in forward estimates, some of this revenue would already have been included in previous forward estimates. Note: (2)This revenue is passed onto to the Main Roads Western Australia for the road network. Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on http://www.rtlib.com
(g) No increases in stamp duty rates have been assumed in the forward estimates for insurance. (h) Same answer as above (g). (i) As indicated on page 218 of Budget Paper 3, the total amount to be raised by the Emergency Services Levy is projected to increase by $12 million in 2010-11, $5 million in 2011-12 and $14 million in 2012-13. The amounts to be raised each year are determined by the operating costs associated with the services to be delivered by the Fire and Emergency Services Authority. The actual increase in the levy payable by the average household, as a result of these requirements, will depend on property valuation advice received at the time the rates are determined each year. (2) Table 4 displays the year-on-year revenue increases associated with the above pricing assumptions. It should be noted that a majority of the additional revenue is forecast to be raised by agencies outside the general government sector and is required to meet increases in operating costs. Table 4. Summary of revenue increase of assumed pricing 2010-11 $'000 2011-12 $'000 2012-13 $'000 Revenue increase to recover costs Water 44,874 45,657 47,607 Public transport fares na na na Sewerage 21,099 19,562 17,634 Compulsory Third Party Insurance 33,500 37,500 40,600 Drivers licence fees 713 716 745 Emergency Services Levy 12,000 5,000 14,000 General revenue increase to Consolidated Account Motor Vehicle licence fees (2) 15,700 16,000 16,500 Stamp duty on Compulsory Third Party insurance na na na Stamp duty on general insurance na na na Total revenue increase 127,886 124,435 137,086 Note: (1) Since estimated price increases are included in forward estimates, some of this revenue would already have been included in previous forward estimates. Note: (2)This revenue is passed onto to the Main Roads Western Australia for the road network. Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on http://www.rtlib.com
(g) No increases in stamp duty rates have been assumed in the forward estimates for insurance. (h) Same answer as above (g). (i) As indicated on page 218 of Budget Paper 3, the total amount to be raised by the Emergency Services Levy is projected to increase by $12 million in 2010-11, $5 million in 2011-12 and $14 million in 2012-13. The amounts to be raised each year are determined by the operating costs associated with the services to be delivered by the Fire and Emergency Services Authority. The actual increase in the levy payable by the average household, as a result of these requirements, will depend on property valuation advice received at the time the rates are determined each year. (2) Table 4 displays the year-on-year revenue increases associated with the above pricing assumptions. It should be noted that a majority of the additional revenue is forecast to be raised by agencies outside the general government sector and is required to meet increases in operating costs. Table 4. Summary of revenue increase of assumed pricing 2010-11 $'000 2011-12 $'000 2012-13 $'000 Revenue increase to recover costs Water 44,874 45,657 47,607 Public transport fares na na na Sewerage 21,099 19,562 17,634 Compulsory Third Party Insurance 33,500 37,500 40,600 Drivers licence fees 713 716 745 Emergency Services Levy 12,000 5,000 14,000 General revenue increase to Consolidated Account Motor Vehicle licence fees (2) 15,700 16,000 16,500 Stamp duty on Compulsory Third Party insurance na na na Stamp duty on general insurance na na na Total revenue increase 127,886 124,435 137,086 Note: (1) Since estimated price increases are included in forward estimates, some of this revenue would already have been included in previous forward estimates. Note: (2)This revenue is passed onto to the Main Roads Western Australia for the road network. Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on http://www.rtlib.com
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