The Tamworth Region has a strong reputation for hosting outstanding events and is home to a large range of high quality event facilities. With this in mind, Tamworth Regional Council would like to talk to the business community about the possibility of introducing a New Events Levy to help attract and create even more event opportunities for the Region.
Our region has the facilities and the tourism network to attract major conferences, state and national sporting championships, and even international acts. The challenge however, is that to secure these events we are often required to offer subsidies, so we need a robust event attraction strategy with funding behind it.
We know from our own event impact assessment methodology and other reputable data sources like the National Institute of Economic and Industry Research, that events build capacity in our Region. We also know that the impact of those events is not just enjoyed by the hospitality sector as there is a ripple effect of spending felt through the entire business community over time.
As an example, the event impact of the Tamworth Country
Music Festival is shown below.
The introduction of a Special Rate, specifically aimed at attracting and creating new events, and levied on an equitable basis across all business rated properties, would put us in strong position to compete with destinations like Coffs Harbour who are already pulling large scale sporting events from Tamworth.
- What was the final application made to IPART from Council and will my feedback and submissions be seen by IPART?
Understanding the Administration
Understanding the need
No submissions yet.
What is proposed
What is a Special Rate Variation?
Tamworth Regional Council is proposing a new event levy through a special rate variation, that including the rate peg of a cumulative increase of 2.70% in 2019/20, 2.84% in 2020/21, 2.88% in 2021/22 and 2.88% in 2022/23.
There are currently 1,828 properties rated as business across the region and the average annual rate paid is approximately $3,500.
The following table shows the additional revenue the proposal will raise over the phase in period for the events levy.
Cumulative % increase
above rate peg
Understanding the rate peg and the actual costs.
Council is currently revising the actual costs in accordance with the adopted resolution made on the 5th February. Please check again shortly for updated information.
Who will be levied?
The special rate variation will be applied to all ordinary rates across the region that have the Business category. It will not apply to the ordinary rate categories of Residential and Farmland.
Are there other options for raising the required revenue?
Council explored a number of opportunities to establish a permanent revenue stream for the ongoing management and attraction of major events in the Tamworth Regional Council area. This involved looking at alternate revenue sources to deliver what’s needed including a tourism accommodation levy, government grants and subsidies, sponsorship and existing Council revenue streams.
The special rate variation was deemed the most valid and suitable option to ensure the objectives of the Event Attraction Strategy are met. More information as to why these options weren’t suitable can be found in the Council reports published on this portal.
How do our rates compared?
Each year the Department of Local Government release a comparison of rates between councils of a similar size and location. Even with the proposed levy applied, Tamworth’s business rates would remain 20% lower than similar local government areas.
Where will the extra income be spent?
Revenue raised through the special rate variation will be used to attract and create NEW events, conferences and sporting opportunities for the Region.
A dedicated Event Attraction Strategy and an Event Impact Assessment Model has been developed to guide the process of valuing events to ensure a fair and equitable distribution of funds. A secondary assessment framework will measure marketing, seasonal and community impacts.
The focus on the Event Attraction Strategy is to consider:
Off Peak and shoulder season events
New events that compliment the existing calendar of events around the region
Attract intrastate, interstate and international visitors
Maximise the utilisation of venue infrastructure
How will we know this revenue is being spent properly?
Council is obligated by the Independent Pricing and Regulatory Tribunal (IPART) to demonstrate and report annual on special rate variation income expenditure. Revenue raised through the variation must only be used for the purpose it is intended for. Council will also report to the community on a regular basis through its quarterly and annual reporting.
An independent panel of experts will be sourced from the community to oversee the assessment process for events. The Tamworth Business Chamber will be an automatic appointment to this panel, and we will open a nomination process to find other suitable members.