Page 3808 - Week 10 - Thursday, 14 September 2017
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locality test for assessment under Schedule 2 of the Determination, for example, because the land is in a group centre.
(3) How is a Lease Variation Charge calculated for other lease variations granting new and/ or additional residential development rights that do not fall under Schedule 1 Item 1/1A/1B or Schedule 2 of the Determination.
(4) What was the (a) total LVC revenue for lease variations granting new and/ or additional residential development rights, (b) number of development applications that this revenue was raised from and (c) number of additional dwellings these development applications permitted, for the financial years 2013-14 to 2016-17.
(5) For each of the data points provided in response to part (4), can the Treasurer provide a breakdown of revenue, development applications and additional dwellings on the basis of (a) lease variations under Schedule 1 Item 1/1A/1B of the Determination in force at the time, (b) lease variations under Schedule 2 of the Determination in force at the time, (c) lease variations to limit the maximum number of dwellings permitted on the land under a residential lease that did not meet the Zone test of Schedule 1 Item 1/1A/1B, (d) lease variations to increase the number of dwellings permitted on the land under a lease that did not meet the residential locality test for assessment under Schedule 2 and (e) other cases.
Ms Berry: The answer to the member’s question is as follows:
(1) If a proposed residential lease variation does not meet the terms specified in Schedule 1 or Schedule 2 of Disallowable Instrument 2017 176, the variation is assessed under section 277 of the Planning and Development Act 2007, that is, (V1 – V2) x 75%, where V1 is the after value and V2 is the before value. Any applicable remissions are also applied.
(2) As above.
(3) As above.
(4) (a) (b) (c)
|
LVC revenue (a) |
LVC development applications (b) |
Additional dwellings (c) | |
|
2013-14 |
$2,356,750 |
46 |
457 |
|
2014-15 |
$1,958,250 |
54 |
267 |
|
2015-16 |
$1,305,000 |
60 |
204 |
|
2016-17 |
$3,777,125 |
99 |
675 |
(5) (a) Schedule 1:
|
Schedule 1 |
LVC revenue |
LVC Development applications |
Additional dwellings |
|
2013-14 |
$980,000 |
37 |
143 |
|
2014-15 |
$1,400,000 |
42 |
228 |
|
2015-16 |
$1,031,250 |
53 |
156 |
|
2016-17 |
$2,091,250 |
83 |
345 |
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