51RVariation or revocation of resolution levying infrastructure recovery charge

51R Variation or revocation of resolution levying infrastructure recovery charge

S. 51R(1) amended by No. 10/2017 s. 23(2).

(1) Development Victoria may by resolution vary or revoke any resolution made under this Subdivision.

(2) The procedure for varying or revoking a resolution under subsection (1) is the same as the procedure for making the resolution.

(3) The Minister, with the approval of the Treasurer, may, by order published in the Government Gazette, revoke a resolution made under this Subdivision at any time.

(4) Without limiting subsection (3), an order under that subsection may revoke a resolution made under this Subdivision if the Minister is satisfied that the estimated amount (determined by the Minister under section 51M(3)) of public investment incurred or to be incurred in the project area subject to the resolution has been recovered under the resolution.

(5) An order revoking a resolution under subsection (3) comes into effect on the day that it is published in the Government Gazette or any later date specified in the order.

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