51PWhat must a resolution levying an infrastructure recovery charge state?

51P What must a resolution levying an infrastructure recovery charge state?

(1) A resolution levying an infrastructure recovery charge must state the following—

(a) the period during which the charge will apply in relation to properties in the project area;

(b) the percentage or percentages or scale of percentages of development value to be used to calculate the charge;

(c) the estimated amount of public investment incurred or to be incurred in developing the project area as determined by the Minister under section 51M(3).

(2) The resolution must state that the charge is due and payable before a statement of compliance is issued under section 21 of the Subdivision Act 1988 in respect of the development or a building permit is issued in respect of the development (as the case requires).

S. 51Q inserted by No. 35/2006 s. 7.