Melbourne @ 5 Million – Growth Areas Infrastructure Levy Requirements

Melbourne @ 5 million, reinforces the State Government's commitment to the principles and directions previously set out in Melbourne 2030. It also confirms that the legislation introducing the Growth Areas Infrastructure Contribution (GAIC) levy (first foreshadowed by the government in 2005) is imminent and likely to be published at the same time as the revised configuration of the Urban Growth Boundary in June – September 2009.

While there is an opportunity for owners and developers of land designated within an Investigation Area to make submissions regarding any changes proposed to the Urban Growth Boundary as a consequence of the Melbourne @ 5 million policy initiative, there does not appear to be a similar opportunity for relevant stakeholders to raise any concerns they might have regarding the government's proposed introduction of the GAIC.