Page 5 - பொது இடைவெளிகள் கொள்ளை ஸ்டோக்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Property developers set to pay under NSW ‘infrastructure contribution system’ reforms By Fergus Halliday 23 June 2021 | 1 minute read SHARE The way that property developers are taxed in NSW is set for the biggest reform in three decades.   The NSW state government is introducing a new infrastructure contributions system as part of this year’s budget. Minister for Planning and Public Spaces Rob Stokes claimed that the changes would bring up to $12 billion in net benefits for the state economy.  The NSW Productivity Commission predicts the measures will rake in $600 million additional revenue per year.  Following a review of the existing infrastructure contributions system in November 2020 and a report by the NSW Productivity Commission, the NSW government agreed to accept 29 recommendations.

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