GROWING TREND FOR COUNCILS TO SELL PLANNING DECISIONS THROUGH VALUE CAPTURE (NSW)

The Urban Taskforce is concerned about a growing trend across Sydney councils to adopt policies that change planning rules as a mechanism for raising funds for infrastructure. “The trend by Sydney Councils to formalise Value Capture policies seems to be escalating across Sydney,” says Urban Taskforce CEO, Chris Johnson. “While flexibility is needed in determining good planning outcomes the new policies seem to be driven by the need to raise funds for infrastructure. The NSW government has a clear system for raising infrastructure contributions by local councils under Section 94 of the Environmental Planning & Assessment Act 1979, which has safeguards that set maximums and IPART overview.

GROWING TREND FOR COUNCILS TO SELL PLANNING DECISIONS THROUGH VALUE CAPTURE (NSW)