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ARTICLE · 13 AUGUST 2015

New framework for levying development contributions in Victoria

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The contributions will fund the provision of infrastructure in growth and strategic development areas across Victoria.

AustraliaReal Estate and Construction
Michelle Blackburn
Michelle Blackburn
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The Planning and Environment Amendment (Infrastructure Contributions) Bill 2015 (Vic) (Bill) introduces a new standardised infrastructure contributions system for levying development contributions towards the provision of infrastructure in growth and strategic development areas across Victoria.

The Bill is based on the 2012 recommendations of the Standard Development Contributions Advisory Committee and follows a similar proposal of the previous government which lapsed as a result of the 2014 Victorian election.

HOW DOES THE NEW SYSTEM WORK?

The new system (to be called the 'infrastructure contributions system') is based on an infrastructure levy that is made up of a standard levy and a supplementary levy.

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