Victorian Current Acts Victorian Current Acts(1) This section applies if an approved development contributions plan provides that an amount of a community infrastructure levy is payable in respect of each dwelling to be constructed (a payable dwelling amount ).
(2) The payable dwelling amount is to be adjusted in accordance with section 46LC for—
(a) the financial year after the first financial year; and
(b) each subsequent financial year.
(3) The relevant collecting agency must publish on its Internet site the payable dwelling amount for a financial year on or before 1 July of each financial year for which the amount is adjusted under subsection (2).
(4) The "first financial year", in relation to an approved development contributions plan, is—
(a) if the plan is approved on or before 30 June 2019, the financial year beginning on 1 July 2018; and
Example
The first financial year for a development contributions plan approved on 1 February 2016 is the financial year beginning on 1 July 2018.
(b) in any other case, the financial year in which the plan is approved.
Example
The first financial year for a development contributions plan approved on 1 December 2019 is the financial year beginning on 1 July 2019.
S. 46LC inserted by No. 7/2018 s. 25.