DTF has developed guidelines to clarify the Government’s policy principles underpinning cost recovery arrangements.
The guidelines provide a rigorous framework for use by government entities when considering, developing and reviewing user charges and regulatory fees.
They ensure that cost recovery arrangements in Victoria are transparent, efficient, effective and consistent with legislative requirements and government policy.
In Section 5.2 of the guidelines, the 'annual rate' is fixed by the Treasurer pursuant to section 5(4) of the Monetary Units Act 2004.
For the purposes of section 8(1)(d) of the Subordinate Legislation Act 1994, the Treasurer has set an annual rate for 2016-17 of 2.50 per cent.
An annual rate of 2.50 per cent is relevant to:
Cost recovery guidelines (PDF 875kb)
Cost recovery guidelines (DOC 810kb)