Victorian Current Acts

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Planning authority must arrange for estimates of values of inner public purpose land

    (1)     The planning authority must arrange for a valuer to prepare a report containing an estimate of the value of any inner public purpose land in a parcel of land in the ICP plan area of an infrastructure contributions plan if the parcel contribution percentage of the land is more than the ICP land contribution percentage for the class of development that may be carried out on that land.

    (2)     A valuer referred to in subsection (1) must use the methodology set out in a Minister's direction applying to the infrastructure contributions plan to calculate the estimate of the value of the inner public purpose land.

    (3)     A valuer referred to in subsection (1) must hold the qualifications and experience referred to in section 13DA(2) of the Valuation of Land Act 1960 .

S. 46GO inserted by No. 7/2018 s. 10.

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