PROPOSED LAWS TARGET INFRASTRUCTURE CHARGES

Written on the 9 May 2014

PROPOSED LAWS TARGET INFRASTRUCTURE CHARGES THE STATE government has attempted to tackle issues within economic development and infrastructure charges with new legislation introduced to parliament this week.

Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney (pictured) says the Sustainable Planning (Infrastructure Charges) and Other Legislation Amendment Bill 2014 will encourage development and provide new funding avenues for local government.

Seeney says the bill proposes to introduce a ‘fair value schedule of infrastructure charges’ that reflect the cost of infrastructure required to allow new residential, commercial and industrial developments to take place.

He says councils who choose to observe the fair schedule can make application to have key works identified as Priority Development Infrastructure that could potentially attract co-funding by the state.

“This will help to relieve cost pressures on councils, developers and service providers when it comes to sharing the burden of paying for infrastructure such as roads and water and sewerage treatment plants,” he says.

He says the Bill does not propose to adjust the regulated infrastructure caps that local governments can charge, however councils who choose not to adopt the fair value schedule of charges would not be considered for co-funding.

“We have created funding incentives for councils that use this new fair value schedule by having the State co-invest in Priority Development Infrastructure in the council’s area,” he says.

“Based on this research, the schedule is generally 10 per cent lower for residential development and 15 per cent less for retail, commercial and industrial development than the regulated infrastructure charging framework.”
The bill has been referred to the State Development, Infrastructure and Industry Committee for consideration.

Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter