Economic Development Act 2012
sec.122AAApplication of part
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sec.122AA Application of part
This part applies if a PDA development condition of a PDA development approval is imposed under section 88 (1) (f) (iii) that requires the payment of an amount in lieu of the supply of social housing or affordable housing on the relevant land for the PDA development approval. MEDQ may enter into an agreement (a housing agreement ) with an entity to waive payment of the amount in exchange for the supply of social housing or affordable housing on— the relevant land for the PDA development approval; or land other than the relevant land for the PDA development approval. To remove any doubt, it is declared that the land mentioned in subsection (2) (b) may be located in or out of the priority development area the subject of the PDA development approval. s 122AA ins 2024 No. 32 s 40 (sec.122AA-ssec.1) This part applies if a PDA development condition of a PDA development approval is imposed under section 88 (1) (f) (iii) that requires the payment of an amount in lieu of the supply of social housing or affordable housing on the relevant land for the PDA development approval. (sec.122AA-ssec.2) MEDQ may enter into an agreement (a housing agreement ) with an entity to waive payment of the amount in exchange for the supply of social housing or affordable housing on— the relevant land for the PDA development approval; or land other than the relevant land for the PDA development approval. (sec.122AA-ssec.3) To remove any doubt, it is declared that the land mentioned in subsection (2) (b) may be located in or out of the priority development area the subject of the PDA development approval.
- (a) the relevant land for the PDA development approval; or
- (b) land other than the relevant land for the PDA development approval.