119Local authority may set rates again

1. A local authority may set a rate again in the financial year in which the rate was set.

2. Subsection (1) applies if—

3. the local authority determines that it is desirable to set the rate again because of—
   1. an irregularity in setting the rate; or
   2. a mistake in calculating the rate; or
   3. a relevant change in circumstances; and
4. setting the rate again will not increase the amount of rates assessed to any rating unit.

5. A local authority may set a rate again only if—

6. it has given 14 days’ public notice of its intention to set the rate again; and
7. it complies with the local authority’s standing orders for the revocation and alteration of resolutions.

8. Notice under subsection (3) must include—

9. the information in relation to the rate that was, or would otherwise have been, required to be included in the local authority’s long-term plan or annual plan; and
10. a statement of the reason why the local authority has determined that it is desirable to set the rate again.

11. If setting the rate again results in a change to the amount of rates to be assessed to any rating unit,—

12. the rates record for the rating unit must be corrected as soon as practicable; and
13. section 41 applies.