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Direct Debit Arrangement City of Rockingham Rates Agreement (section 6.49 of the Local Government Act 1995) At the request of the Ratepayer the City of Rockingham of PO Box 2142 Rockingham DC, Western
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Rates smoothing terms refer to provisions or adjustments made to stabilize the rates charged for services over a period of time. This helps prevent sudden increases or decreases in rates, allowing for more predictable budgeting for both providers and consumers.
Entities that operate in regulated industries, such as utility companies or insurance providers, are typically required to file rates smoothing terms with the relevant regulatory agency.
To fill out rates smoothing terms, entities must provide detailed information about the proposed rate changes, justification for smoothing, historical rate data, and any financial analyses supporting the request.
The purpose of rates smoothing terms is to mitigate the impact of fluctuating rates on consumers and businesses, ensuring stable pricing and preventing financial shocks due to rate volatility.
The information that must be reported includes current and proposed rates, justification for the smoothing approach, financial forecasts, and any relevant historical rate data.
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