Victorian Current Acts

PLANNING AND ENVIRONMENT ACT 1987 - SECT 46GZF

    (1)     This section applies if at the date on which an approved infrastructure contributions plan expires, all or part of the following public purpose land is no longer required for a public purpose specified in the plan—

        (a)     inner public purpose land that has vested under the Subdivision Act 1988 in, been acquired by, or been transferred to, a development agency;

        (b)     outer public purpose land acquired by a development agency.

    (2)     The development agency must, within 12 months after the date on which the approved infrastructure contributions plan expires—

        (a)     use the public purpose land for a public purpose approved by the Minister; or

        (b)     sell the public purpose land.

    (3)     If land is sold under subsection (2)(b), the development agency must—

        (a)     pay the proceeds of the sale (less the sale expenses) within 3 months after the sale to the collecting agency, unless the development agency is also the collecting agency; or

        (b)     with the consent of the Minister and in the manner approved by the Minister—

              (i)     expend the proceeds of the sale (less the sale expenses) for the acquisition of other land in the municipal district in which the
ICP plan area is situated; and

              (ii)     ensure the land acquired under subparagraph (i) is used for a public purpose specified in a Minister's direction applying
to the approved infrastructure contributions plan.    

    (4)     The collecting agency must—

        (a)     divide the proceeds of the public purpose land among the current owners of each parcel of land in the ICP plan area, in respect of which a land equalisation amount has been paid, or inner public purpose land has been provided, under the approved infrastructure contributions plan; and

        (b)     pay each current owner a portion of the proceeds in accordance with subsection (5).

    (5)     For the purposes of subsection (4), the portion of the proceeds must be in proportion to the area of contribution land in that current owner's parcel of land compared to the total area of contribution land in the ICP plan area in respect of which a land equalisation amount has been paid, or inner public purpose land has been provided, under the approved infrastructure contributions plan.

    (6)     The collecting agency must make the payments under subsection (4) as follows—

        (a)     if the collecting agency is not the development agency—within 6 months after being paid the proceeds of the sale of the public purpose land under subsection (3)(a);

        (b)     if the collecting agency is the development agency—within 18 months after the date on which the approved infrastructure contributions plan expires.

Division 8—General

S. 46GZG inserted by No. 7/2018 s. 10.