❓ Mr. Kelly questions the Water Corporation on interest charged on overdue accounts, revealing the number of customers affected, interest rates, and total revenue earned over several years. The response details increasing numbers of accounts charged and revenue earned.
AnsweredQoN 3004Legislative Assembly
QuestionView source ↗
I refer to the interest charged by the Water Corporation on overdue accounts to customers, and ask: (a) how many customers have been charged on overdue amounts in the following years and, what was the rate of interest charged in each financial year: (i) 2007–2008; (ii) 2008–2009; (iii) 2009–2010; (iv) 2010–2011; (v) 2011–2012; (vi) 2012–2013; (vii) 2013–2014; and (viii) 2014–2015 to date; and (b) what was the total interest revenue earned by the Water Corporation on overdue accounts in: (i) 2007–2008; (ii) 2008–2009; (iii) 2009–2010; (iv) 2010–2011; (v) 2011–2012; (vi) 2012–2013; (vii) 2013–2014; and (viii) 2014–2015 to date?
AnswerView source ↗
Answered
5 February 2015
Responded by
Minister for Water
Response time
134 days
(a)
Year
Interest Rate
Number of Accounts
(i)
2007/08
0% - 13.35%
220 601
(ii)
2008/09
0% - 13.99%
234 728
(iii)
2009/10
0% - 14.51%
261 730
(iv)
2010/11
0% - 13.51%
273 123
(v)
2011/12
0% - 14.81%
279 233
(vi)
2012/13
0% - 13.39%
280 802
(vii)
2013/14
0% - 12.83%
423 413
(viii)
2014/15 YTD
0% - 12.38%
177 938
Interest rate: the maximum interest rate charged on outstanding debts is as shown. The actual rate is reviewed based on the financial circumstances of the customer and can be as low as 0%. On average 60% of these accounts accrue less than $5.00 interest.
Note: Year To Date for 2014/15 is to 31/8/2014
(b)
Year
* Net interest after adjustment.
(i)
2007/08
$1 964 464
(ii)
2008/09
$2 507 036
(iii)
2009/10
$3 226 105
(iv)
2010/11
$3 190 304
(v)
2011/12
$3 824 794
(vi)
2012/13
$3 884 838
(vii)
2013/14
$5 099 283
(viii)
2014/15 YTD
$ 684 255
Note: Year To Date for 2014/15 is to 31/8/2014
*Adjustment refers to removal of automatically generated interest charges of less that 50cents from all accounts and any manually adjusted accounts as a result of discussions with customers.
Year
Interest Rate
Number of Accounts
(i)
2007/08
0% - 13.35%
220 601
(ii)
2008/09
0% - 13.99%
234 728
(iii)
2009/10
0% - 14.51%
261 730
(iv)
2010/11
0% - 13.51%
273 123
(v)
2011/12
0% - 14.81%
279 233
(vi)
2012/13
0% - 13.39%
280 802
(vii)
2013/14
0% - 12.83%
423 413
(viii)
2014/15 YTD
0% - 12.38%
177 938
Interest rate: the maximum interest rate charged on outstanding debts is as shown. The actual rate is reviewed based on the financial circumstances of the customer and can be as low as 0%. On average 60% of these accounts accrue less than $5.00 interest.
Note: Year To Date for 2014/15 is to 31/8/2014
(b)
Year
* Net interest after adjustment.
(i)
2007/08
$1 964 464
(ii)
2008/09
$2 507 036
(iii)
2009/10
$3 226 105
(iv)
2010/11
$3 190 304
(v)
2011/12
$3 824 794
(vi)
2012/13
$3 884 838
(vii)
2013/14
$5 099 283
(viii)
2014/15 YTD
$ 684 255
Note: Year To Date for 2014/15 is to 31/8/2014
*Adjustment refers to removal of automatically generated interest charges of less that 50cents from all accounts and any manually adjusted accounts as a result of discussions with customers.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.