Development Victoria Act 2003
51NInfrastructure recovery charge to be based on development value
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51N Infrastructure recovery charge to be based on development value
(1) An infrastructure recovery charge is to be based on a percentage of the development value of a development of a property.
(2) The resolution levying the charge must fix the percentage of development value to be used to calculate the charge.
(3) The resolution may—
(a) fix different percentages of development value in respect of different classes of development;
(b) vary the percentage of development value according to the distance of a property from a service or facility or a group of services or facilities;
(c) include a scale of percentages of development value that increases from year to year.
S. 51O inserted by No. 35/2006 s. 7.