Victorian Current Acts Victorian Current Acts(1) This section applies if on development of a parcel of land in the ICP plan area of an approved infrastructure contributions plan—
(a) a person must, in accordance with section 46GV(4), provide inner public purpose land forming part of that parcel of land to the collecting agency or a development agency; and
(b) the parcel contribution percentage of the parcel of land to be developed is more than the ICP land contribution percentage for that class of development.
(2) The person is entitled to be paid the land credit amount in relation to the parcel of land by the collecting agency.
Notes
1 The collecting agency must pay the land credit amount to the person under section 46GZ(7).
2 The method for calculating the land credit amount is specified in a Minister's direction applying to the approved infrastructure contributions plan.
S. 46GX inserted by No. 7/2018 s. 10.