Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Massive Progress on DC Legislation

Massive Progress on DC Legislation


Property Council is delighted with the Government’s progress on changing the way development contributions are charged.

Parliament has concluded its third reading of the Local Government Act 2002 Amendment Bill (No 3), which sets out key reforms to DCs legislation and the regime.

The bill will most likely become law this week.

This is a massive leap forward, and Property Council congratulates the Government in setting out a framework for fairer, and more transparent development contribution charges.

Property Council chief executive, Connal Townsend says no doubt there will still be challenges as legislation can often be limited.

“It will still come down to councils to ensure they comply with the new rules, in particular the principles provisions, which set out the basis for imposing any charges.”

“We will continue to work with Central Government and local councils to ensure the legislation is interpreted correctly and results in more equitable charging arrangements going forward.”

National guidance and strong leadership in the objections process is key to progress in this respect.

Important changes under the legislation include:

Introducing a new purpose and principles provisions setting out the basis for development contribution charges

Clarifying and narrowing the range of infrastructure that can be financed by development contributions

Improving the transparency of territorial authorities policies, including requiring reporting on projects being funded by development contributions

Encouraging greater private provision of infrastructure through the use of development agreements

Restrictions on requiring development contributions for reserves

Introducing an objections process, where decisions are made by independent decision makers

END.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news