Examples of Environmental Upgrade Charge in a sentence
Divisions 1, 2 and 3 of Part 8 of the Local Government Act (other than sections 154, 156, 172, 175, 177 (as affected by section 181C(7)), 178, 180 and 181) does not apply in relation to the levying, payments and review of the Environmental Upgrade Charge.
If the third attempt at direct debit is unsuccessful then The City of Newcastle will instruct its debt recovery service provider to send a Demand Letter to the Building Owner seeking recovery of the outstanding Environmental Upgrade Charge amount, together with the payment of accrued penalty interest and direct debit dishonour fees.
Council will not take any further recovery action once the Environmental Upgrade Charge ceases to be a charge on the land.
The City of Newcastle will be taken to have exhausted its best endeavours to recover outstanding Environmental Upgrade Charges if as a result of its enforcement actions or those of a third party; the land which is the subject of the Environmental Upgrade Charge is sold.
Legislation, and the City's existing delegations permit the making or amending of this fee, as the Environmental Upgrade Charge under delegation by the Chief Executive Officer.
Under an EUA, lenders provide finance to a building owner for environmental upgrades, with the local Council then declaring an Environmental Upgrade Charge, which is collected and remitted back to the lender.
The City's role is to levy an Environmental Upgrade Charge as with other council rates and charges, which is then payable through the rates system at dates and times as specified in the Environmental Upgrade Agreement.
In the event that The City of Newcastle sells the land and the sale proceeds are insufficient to pay all outstanding rates and charges (including Environmental Upgrade Charges) then Council notes that clause 136K of the Local Government (General) Regulation 2005 provides that the Environmental Upgrade Charge ceases to be a charge on the land and becomes a debt recoverable against the former Building Owner.
Under an EUA, lenders provide finance to a building owner for environmental upgrades, with the local Council then collection the repayments through an Environmental Upgrade Charge and remitting the funds to the lender.
Additionally the precision of these estimates, i.e. standard errors are sought as small standard errors are indicative of good parameter estimation.