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ARTICLE · 10 JANUARY 2011

Innovative funding for sustainable retrofitting

Clayton Utz
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Innovative funding arrangements to facilitate sustainable retrofitting of buildings are now possible after the introduction of important amending legislation in Victoria and New South Wales.

AustraliaReal Estate and Construction
Sallyanne Everett
Sallyanne Everett
Brendan Bateman
Brendan Bateman
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Key Points:

Both NSW and Victoria now have schemes to promote the sustainable retrofitting of buildings.

Innovative funding arrangements to facilitate sustainable retrofitting of buildings are now possible after the introduction of important amending legislation in Victoria and New South Wales.

Victoria - City of Melbourne Act

The Local Government and Planning Legislation Amendment Act 2010 (Vic) (Vic Act) inserts a new Part 4B into the City of Melbourne Act 2001 (Vic) to allow the Melbourne City Council (MCC) to use its rating powers to help secure private lending for building owners to fund environmental upgrades to their buildings as part of the 1200 Buildings Program.

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