Special Rate Variations 2015 Special Rate Variation The 2015 Special Rate Variation (SRV) was approved by IPART (Independent Pricing and Regulatory Tribunal of NSW) in May 2015 for a SRV over five years to 2019-2020.
The 2015 SRV has concluded and is not part of the 2022-2023 budget; however, we will continue to report until 2025. The revenue raised by the 2015 SRV has been critical in ensuring we achieve financial sustainability. It has also allowed us to accelerate the completion of our priority projects and Capital Works Program as well as fund critical infrastructure renewal projects.
City of Newcastle
CN will continue to report on the revenue that was raised from the 2015 SRV, showing our commitment to financial sustainability.
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Merewether Ocean Baths
