Victorian Current Acts

PLANNING AND ENVIRONMENT ACT 1987 - SECT 46GY

    (1)     The collecting agency under an approved infrastructure contributions plan must keep proper and separate accounts and records of the following—

        (a)     in relation to any monetary component—

              (i)     any monetary component paid to the collecting agency; and

              (ii)     any monetary component, the whole or part of which is forwarded to a planning authority or to a development agency by the collecting agency;

        (b)     in relation to any land component—

              (i)     any land equalisation amount paid to the collecting agency; and

              (ii)     any land equalisation amount, the whole or part of which is—

    (A)     expended by the collecting agency; or

    (B)     forwarded to a development agency by the collecting agency; and

              (iii)     any inner public purpose land that is vested in the collecting agency under the Subdivision Act 1988 ; and

Note

Inner public purpose land will only be vested as a road in a collecting agency if the collecting agency is also the development agency that has responsibility for that road.

              (iv)     any inner public purpose land that is acquired by the collecting agency before the time it is required to be provided to the collecting agency under  section 46GV(4); and

              (v)     any inner public purpose land referred to in subparagraph (iii) or (iv) that is transferred to a development agency by the collecting agency;

        (c)     any land credit amount paid to a person by the collecting agency.

S. 46GY(2) amended by No. 9/2020 s. 390(Sch.  1 item 77.3).

    (2)     If the collecting agency is a municipal council, the accounts and records to be kept under subsection (1) must be kept in accordance with the  Local Government Act 2020 .

S. 46GZ inserted by No. 7/2018 s. 10.