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Those rates arrears are all outstanding debts from before July 1, 2009.
For the current year, the first three instalments had a value of $38.78 million, of which 95% has been paid and $1.89 million remains to be paid for this year, along with penalties to a value of $413,269. This brings the total amount owed to the council by the ratepayers to $2.90 million.
QLDC finance manager Stewart Burns said the $1.93 million reduction in the old arrears was due to a "fantastic" result by the staff in his department.
"The team has achieved a top result. They did so by ... [making] arrangements with the ratepayers as early as possible," Mr Burns said.