Page 3058 - Week 07 - Thursday, 7 June 2012

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b. Since the Land (Planning and Environment) Act 1991 was amended in 1997 all approved lease variations have attracted a remission of 25% of the added value under the formula now contained in Section 277 of the Planning and Development Act 2007.

c. As a stimulus measure in response to the GFC 50% remission was granted under DI2009-137 – Planning and Development (Reduction of Change of Use Charge) Policy Direction 2009 (No. 1) in respect of lease variations lodged between 1 June 2009 and 1 June 2010 provided that the lease variation application was
accompanied by a development application for construction of a structure upon the leasehold and the lease variation was reasonably relevant and proportionate to the proposed development.

d. Since 1 July 2011 all approved lease variations to increase the number of dwellings permitted under the Crown lease have attracted a remission of 75% of the LVC in accordance with DI2011-197 Planning and Development (Remission of Lease Variation Charges) Determination 2011 (No. 1).

(3) No.

(4) See the Answer to Question (1)B.

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