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

 

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

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