Purpose of periodic valuation reviews
Colley explained that periodic reviews would account for new houses in rating areas, so those areas would not lose out on the Government's contribution to domestic rates.
May I say that I had drawn attention to the fact that it was possible it would be necessary to have periodic reviews of the total of house valuations in a particular area——
Comment on this
I was about to say that I am sure the Deputy will appreciate that in certain rating areas——
Comment on this
In certain rating areas there will be a substantial increase in the number of new buildings, new houses and so on. If we did not have machinery whereby that could be taken into account then such a rating area would lose out in so far as the Government would be paying the proportion of the rates attributable to domestic dwellings. That is the major reason for this being necessary.