If you're an aged pensioner or hold a Seniors Card, you can apply for a permanent deferment on your rates at a discounted interest rate. The current interest rate is 5% per annum (50% of the legislative penalty interest rate).
The rates on your property will accrue and be paid as part of the settlement when your property is sold or transferred. Taking this step can relieve cashflow pressures for payment of rates.
Deferment is available on your principal place of residence and is an option for self-funded retirees provided you have a Seniors Card.