How Are Council Rates Disclosed When Owner-Occupier Discounts Apply?

The Form 2 must disclose the full, standard (undiscounted) amount shown on the most recent rates notice. As such, the discounted rate that is paid by an actual owner, compared to an investor, would not appear on a form 2. This ensures transparency and consistency and compliance with the seller disclosure regime. In locations where council rates differ depending on whether a property is owner-occupied or used as an investment, the buyer may ultimately pay a different amount.

If agents or vendors wish to explain this difference, they may optionally provide a copy of the relevant rates notice with identifying details redacted, or include a note outlining the applicable discount structure. This is not a legal requirement but may assist with buyer clarity.