Contribution Plans
Section 7.12 Levy Plans
Estimated Cost of Development | Percentage (%) Contribution/Levy |
---|---|
All development types valued at $100,000 or less | Nil |
All development types valued at $100,001 and up to $200,000 | 0.5% |
All development types valued in excess of $200,000 | 1% |
Example:
I am building a new home | The certified estimated cost of development is | $250,000.00 |
Applicable Percentage is 1% | Required Contribution Payable is | $2,500.00 |
When do I have to pay the levy?
Generally, Section 7.12 contributions must be paid prior to the release of the Construction Certificate (CC) or Complying Development Certificate (CDC) or Subdivision Certificate.
Will more than one Section 7.12 development contributions plan apply?
No. Upon commencement of this new plan all other Development Contributions Plans will be repealed.
The remaining unspent funds collected under these previous plans are rolled over into the new system and will be expended on the works schedule projects as identified.
How can I find out more information?
If you require further information please contact Council’s Strategic Planning Division on 02 63549999.