16.3.2 Fairness and Equity of any Allocation of Costs
Council acknowledges that decisions on funding policy are inherently subjective and complex. Judgements have been made on an informed basis, following the process required in the LGAA and on the basis of recommendations from independent experts. Council believes that the Policy developed is fair and equitable and the allocation of benefit at step one does not require modification.
Council will review the Funding Policy (and associated rating system) whenever the Asset Management Plan is revised but in any case not less than every five years to accommodate changing conditions. Factors which may necessitate future adjustments include changing ground levels, changes in scheme performance or land use, the commencement of new capital works and any future re-appraisal of annualised maintenance costs in the Asset Management Plan review.
Council considers that in terms of section 122G(b) of LGAA the allocation at step one is fair and equitable and does not require modification.
Council will review the Funding Policy whenever Asset Management Plans are revised.