ARTICLE · 13 FEBRUARY 2013

Chance to re-write development contributions regime

Chapman Tripp

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Development contributions were first introduced in New Zealand in 2002 and are a growing cost for property developers.

New ZealandReal Estate and Construction

John Hassan

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Big changes to the development contributions regime are offered in a discussion paper released by Housing Minister Nick Smith and Local Government Minister Chris Tremain at the weekend.

Proposals range from tweaking the existing system to abolishing it altogether and replacing it with an infrastructure levy or greater use of infrastructure bonds.

The Government is under immense political pressure to increase housing affordability so this review may deliver significant change.

Submissions are due by 15 March 2013.

Case for reform

Development contributions were identified as a factor in pushing up house prices by the Productivity Commission in its Housing Affordability Inquiry, a Chapman Tripp commentary on which is available here.

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Chance to re-write development contributions regime

Case for reform

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