7Developer charges policy

7 Developer charges policy

(1)  A price determination is to require a regulated entity’s price and service plan to include a policy in respect of developer charges (a developer charges policy) that complies with these regulations.

(2)  A regulated entity’s developer charges policy is to specify the method by which the amount of a developer charge will be calculated by the entity.

(3)  A regulated entity must ensure that the entity’s developer charges policy includes information that enables a person to calculate the amount of the developer charge estimated to be payable in respect of a proposed new development on a property in a region or location.

(4)  A regulated entity’s developer charges policy must be published on the entity’s website for the period for which the policy is to apply.

(5)  A regulated entity’s developer charges policy is to require the entity to provide an estimate of the amount of the developer charge that is to apply, in respect of a property, to a person who –

(a) proposes a new development in respect of the property; and

(b) provides, to the entity, sufficient information as to the proposals for the new development to enable an estimate to be determined; and

(c) requests that an estimate be provided to the person.

(6)  A regulated entity’s developer charges policy is to require the entity to provide information, as to how the amount of a charge has been determined by the entity, to a person –

(a) on whom a developer charge is imposed; and

(b) who requests the information to be provided to the person.