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NSW Govt Commits $11 8M for Kempt Field Remediation | St George & Sutherland Shire Leader

NSW Govt Commits $11 8M for Kempt Field Remediation | St George & Sutherland Shire Leader
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Changes to infrastructure contributions and the provision of security under a development consent | Dentons

Key takeaways from government response to Productivity Commission s Review of Infrastructure Contributions in NSW The government response was released on Friday, 5 March 2021. In summary, the government has accepted all of the recommendations of the NSW Productivity Commission – a somewhat extraordinary outcome. The government response will require a slew of legislative changes. Some of the key changes are: Changes to rate pegging: Local councils will be able to grow their rate revenue as their population increases – a logical and long overdue reform which should relieve some of the pressure on developer contributions to cover funding gaps. Introduction of a “direct land contribution”: This will be a requirement for a landowner whose land is rezoned to pay money, or dedicate land, which will be secured by a charge on the land. The payment/dedication will be required to be made either on sale or development of the land.

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