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Property developers set to pay under NSW 'infrastructure contribution system' reforms


Property developers set to pay under NSW ‘infrastructure contribution system’ reforms
By Fergus Halliday
23 June 2021
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1 minute read
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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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NSW government unveils regional housing taskforce, releases budget


Mortgage Business
NSW government unveils regional housing taskforce, releases budget
By Malavika Santhebennur
23 June 2021
The NSW government has announced that it is setting up a regional housing taskforce to address housing supply shortages, and has released the 2021-22 budget.
The Minister for Planning and Public Spaces Rob Stokes made the announcement at an Urban Development Industry Association (UDIA) luncheon, and said that the government’s current focus is on creating new “greenfield” housing supply.
Mr Stokes said the taskforce would report back by September 2021 on how the NSW government could better utilise the planning system and other levers to increase supply. ....

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Sydney to get new quarter billion-dollar data centre, with more to come

Sydney to get new quarter billion-dollar data centre, with more to come
architectureanddesign.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from architectureanddesign.com.au Daily Mail and Mail on Sunday newspapers.

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