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Legislative Assembly for the ACT: 2017 Week 10 Hansard (Thursday, 14 September 2017) . . Page.. 3808 ..


locality test for assessment under Schedule 2 of the Determination, for example, because the land is in a group centre.

(3) How is a Lease Variation Charge calculated for other lease variations granting new and/ or additional residential development rights that do not fall under Schedule 1 Item 1/1A/1B or Schedule 2 of the Determination.

(4) What was the (a) total LVC revenue for lease variations granting new and/ or additional residential development rights, (b) number of development applications that this revenue was raised from and (c) number of additional dwellings these development applications permitted, for the financial years 2013-14 to 2016-17.

(5) For each of the data points provided in response to part (4), can the Treasurer provide a breakdown of revenue, development applications and additional dwellings on the basis of (a) lease variations under Schedule 1 Item 1/1A/1B of the Determination in force at the time, (b) lease variations under Schedule 2 of the Determination in force at the time, (c) lease variations to limit the maximum number of dwellings permitted on the land under a residential lease that did not meet the Zone test of Schedule 1 Item 1/1A/1B, (d) lease variations to increase the number of dwellings permitted on the land under a lease that did not meet the residential locality test for assessment under Schedule 2 and (e) other cases.

Ms Berry: The answer to the member’s question is as follows:

(1) If a proposed residential lease variation does not meet the terms specified in Schedule 1 or Schedule 2 of Disallowable Instrument 2017 176, the variation is assessed under section 277 of the Planning and Development Act 2007, that is, (V1 – V2) x 75%, where V1 is the after value and V2 is the before value. Any applicable remissions are also applied.

(2) As above.

(3) As above.

(4) (a) (b) (c)

LVC

revenue (a)

LVC

development

applications (b)

Additional

dwellings (c)

2013-14

$2,356,750

46

457

2014-15

$1,958,250

54

267

2015-16

$1,305,000

60

204

2016-17

$3,777,125

99

675

(5) (a) Schedule 1:

Schedule 1

LVC revenue

LVC

Development

applications

Additional dwellings

2013-14

$980,000

37

143

2014-15

$1,400,000

42

228

2015-16

$1,031,250

53

156

2016-17

$2,091,250

83

345


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