New South Wales Consolidated Acts

ENVIRONMENTAL PLANNING AND ASSESSMENT ACT 1979 - SECT 7.42

7.42 Assessment of loan commitments

(cf previous s 143)

(1) The Planning Ministerial Corporation may, in respect of each year ending on 31 December, subject to and in accordance with the regulations, assess the amount required in any such year for the payment of interest on, or repayment of principal of, any loan raised by the Planning Ministerial Corporation upon the councils whose areas or parts of areas are included in the development area to which the purpose for which the loan was raised relates.

(2) The regulations may make provision for or with respect to--

(a) the notification of a council referred to in subsection (1) by the Planning Ministerial Corporation of a decision to make an assessment under that subsection,

(b) the provision by such a council of information necessary to determine the amount to be paid by the council in relation to the assessment, and

(c) the payment by such a council of the whole or any part of an amount assessed under subsection (1).

(3) A council required to pay the whole or any part of an amount assessed under subsection (1) shall make the payment from its consolidated fund.

(4) The Planning Ministerial Corporation may recover as a debt or liquidated demand in any court of competent jurisdiction any amount assessed upon a council and not paid on or before such day as may be prescribed in relation to the assessment.