Victorian Current Acts

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PLANNING AND ENVIRONMENT ACT 1987 - SECT 46GD

Meaning of monetary component

    (1)     The monetary component of an infrastructure contribution is either or both of the following—

        (a)     the standard levy calculated in accordance with the standard levy rate specified in the plan;

        (b)     the supplementary levy calculated in accordance with the supplementary levy rate specified in the plan.

    (2)     The monetary component of an infrastructure contribution imposed under an infrastructure contributions plan may only be used to fund—

        (a)     the provision of works, services or facilities referred to in section 46GG(1)(a) in relation to the plan; and

        (b)     the plan preparation costs in relation to the plan.

S. 46GE substituted by No. 7/2018 s. 10.



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