Cabinet resolved to:
(i) Support the proposed Model 2 for the 2023/24 CTS scheme, which would reduce the minimum payment applied within the CTS scheme by 10% to 15%;
(ii) Note that the above proposal shall be subject to public consultation and formal approval by the Assembly in due course; and
(iii) Support the proposal to replace the current CTS scheme with a new ‘banded’ scheme for 2024/25 and authorise the Director of Support and Collections to commence consultation and the modelling process to enable the replacement CTS scheme to be implemented for 2024/25.