New Proposal for GAIC Levy
State Planning Minister Justin Madden has proposed that developers pay 30 per cent of the Government’s Growth Areas Infrastructure Contribution (GAIC) at the land purchase stage, with 70 per cent paid in stages as land is subdivided. He also intends to speed up the development of Precinct Structure Plans (PSPs). The Government has refused to expand the Urban Growth Boundary (UGB) unless the GAIC is adopted.
Apartments and units driving decline in housing approvals..
The latest building approvals data for Victoria has been released, showing an overall decline in approvals, with apartments/units.
OHS prosecution demonstrates there is no need for industrial..
The prosecution was the first to result in a person being given a custodial sentence, since the offence was introduced in 2004.