Victorian Current Acts Victorian Current ActsSchedule 1––Growth areas infrastructure contribution
Part 1––General
1 Definitions
In this Schedule, words and expressions have the same meanings as they have in Part 9B.
Part 2––Investigation areas
2 Investigation areas
For the purposes of Part 9B, the following areas of land are investigation areas—
(a) investigation area 1—the area of land in the municipal district of Casey City Council shown as the investigation area on the plan lodged in the Central Plan Office and numbered LEGL./09-311;
(b) investigation area 2—the area of land in the municipal district of Hume City Council shown as the investigation area on the plan lodged in the Central Plan Office and numbered LEGL./09-312;
Sch. 1 cl. 2(c) amended by No. 21/2013 s. 21.
(c) investigation area 3—the area of land in the municipal district of Melton City Council shown as the investigation area on the plan lodged in the Central Plan Office and numbered LEGL./09-313;
(d) investigation area 4—the area of land in the municipal district of Mitchell Shire Council shown as the investigation area on the plan lodged in the Central Plan Office and numbered LEGL./09-314;
(e) investigation area 5—the area of land in the municipal district of Whittlesea City Council shown as the investigation area on the plan lodged in the Central Plan Office and numbered LEGL./09‑315;
(f) investigation area 6—the area of land in the municipal district of Wyndham City Council shown as the investigation area on the plan lodged in the Central Plan Office and numbered LEGL./09-316;
Sch. 1 cl. 2(g) amended by No. 21/2013 s. 21.
(g) investigation area 7—the area of land in the municipal district of Melton City Council shown as the investigation area on the plan lodged in the Central Plan Office and numbered LEGL./09-317.
Part 3––Indexation of threshold amount for excluded building work
3 Indexation of threshold amount for excluded building work
Sch. 1 cl. 3(1) amended by Nos 44/2014 s. 33(Sch. item 18(2)), 40/2016 s. 45.
(1) The threshold amount that is to apply for the purposes of section 201RG(2)(b) in any financial year subsequent to the 2010/2011 financial year is to be determined in accordance with the following formula—
where—
TA is the threshold amount to be determined, rounded down to the nearest 2 decimal places;
PTA is the threshold amount determined in accordance with this clause that applied in the previous financial year;
A is the sum of the consumer price index numbers for—
(a) the last reference period in the financial year 2 years earlier than the financial year in respect of which the threshold amount is being determined; and
(b) each of the reference periods (other than the last) in the financial year immediately preceding the financial year in respect of which the threshold amount is being determined;
B is the sum of the consumer price index numbers for—
(a) the last reference period in the financial year 3 years earlier than the financial year in respect of which the threshold amount is being determined; and
(b) each of the reference periods (other than the last) in the financial year 2 years earlier than the financial year in respect of which the threshold amount is being determined.
Example to Sch. 1 cl. 3(1) repealed by No. 44/2014 s. 33(Sch. item 18(2)), new example to Sch. 1 cl. 3(1) inserted by No. 40/2016 s. 45(b).
Example
In the case that the reference periods are the quarterly periods of a financial year, the variables for the determination of the threshold amount for the 2016/2017 financial year are as follows—
• "PTA" is the threshold amount that applied in the 2015/2016 financial year;
• "A" is the sum of the consumer price index numbers for the June quarter in the 2014/2015 financial year and the September, December and March quarters in the 2015/2016 financial year;
• "B" is the sum of the consumer price index numbers for the June quarter in the 2013/2014 financial year and the September, December and March quarters in the 2014/2015 financial year.
(2) The threshold amount determined under subclause (1) is to be rounded up or down to the nearest $10 (and, if the amount by which the amount to be rounded is $5, is to be rounded up).
Part 4––Maximum adjusted growth areas infrastructure contribution
4 Maximum adjusted growth areas infrastructure contribution
Sch. 1 cl. 4(1) amended by Nos 44/2014 s. 33(Sch. item 18(3)), 40/2016 s. 46.
(1) The maximum adjusted growth areas infrastructure contribution for the 2011/2012 financial year and each subsequent financial year for type A land, type B-1 land, type B-2 land or type C land is to be determined in accordance with the following formula—
where—
C is the maximum adjusted contribution to be determined, rounded down to the nearest 2 decimal places;
PC is the amount of the adjusted contribution within the meaning of section 201SG(5) determined in accordance with this clause for that type of land for the previous financial year;
A is the sum of the consumer price index numbers for—
(a) the last reference period in the financial year 2 years earlier than the financial year in respect of which the maximum adjusted contribution is being determined; and
(b) each of the reference periods (other than the last) in the financial year immediately preceding the financial year in respect of which the maximum adjusted contribution is being determined;
B is the sum of the consumer price index numbers for—
(a) the last reference period in the financial year 3 years earlier than the financial year in respect of which the maximum adjusted contribution is being determined; and
(b) each of the reference periods (other than the last) in the financial year 2 years earlier than the financial year in respect of which the maximum adjusted contribution is being determined.
Example to Sch. 1 cl. 4(1) amended by No. 43/2012 s. 3(Sch. item 39), repealed by No. 44/2014 s. 33(Sch. item 18(3)), new example to Sch. 1 cl. 4(1) inserted by No. 40/2016 s. 46(b).
Example
In the case that the reference periods are the quarterly periods of a financial year, the variables for the determination of the maximum adjusted contribution for the 2016/2017 financial year are as follows—
• "PC" is the amount of the adjusted contribution for that type of land for the 2015/2016 financial year;
• "A" is the sum of the consumer price index numbers for the June quarter in the 2014/2015 financial year and the September, December and March quarters in the 2015/2016 financial year;
• "B" is the sum of the consumer price index numbers for the June quarter in the 2013/2014 financial year and the September, December and March quarters in the 2014/2015 financial year.
(2) The maximum adjusted growth areas infrastructure contribution for any type of land determined under subclause (1) is to be rounded up or down to the nearest $10 (and, if the amount by which the contribution to be rounded is $5, is to be rounded up).
Part 5––Indexation of deferred growth areas infrastructure contribution
5 Adjusted deferred amount of growth areas infrastructure contribution
Sch. 1 cl. 5(1) amended by Nos 44/2014 s. 33(Sch. item 18(4)), 40/2016 s. 47.
(1) The adjusted deferred amount of growth areas infrastructure contribution for the 2011/2012 financial year and each subsequent financial year is to be determined in accordance with the following formula—
where—
ADA is the adjusted deferred amount of the contribution to be determined, rounded down to the nearest 2 decimal places;
PDA is the deferred amount or the adjusted deferred amount (as the case may be) of the contribution determined in accordance with this clause for the previous financial year;
A is the sum of the consumer price index numbers for—
(a) the last reference period in the financial year 2 years earlier than the financial year in respect of which the adjusted deferred amount is being determined; and
(b) each of the reference periods (other than the last) in the financial year immediately preceding the financial year in respect of which the adjusted deferred amount is being determined;
B is the sum of the consumer price index numbers for—
(a) the last reference period in the financial year 3 years earlier than the financial year in respect of which the adjusted deferred amount is being determined; and
(b) each of the reference periods (other than the last) in the financial year 2 years earlier than the financial year in respect of which the adjusted deferred amount is being determined.
Example to Sch. 1 cl. 5(1) repealed by No. 44/2014 s. 33(Sch. item 18(4)), new example to Sch. 1 cl. 5(1) inserted by No. 40/2016 s. 47(b).
Example
In the case that the reference periods are the quarterly periods of a financial year, the variables for the determination of the adjusted deferred amount for the 2016/2017 financial year are as follows—
• "PDA" is the adjusted deferred amount of the contribution for the 2015/2016 financial year;
• "A" is the sum of the consumer price index numbers for the June quarter in the 2014/2015 financial year and the September, December and March quarters in the 2015/2016 financial year;
• "B" is the sum of the consumer price index numbers for the June quarter in the 2013/2014 financial year and the September, December and March quarters in the 2014/2015 financial year.
(2) The adjusted deferred amount of growth areas
infrastructure contribution under subclause (1) is to be rounded up or down to
the nearest $10 (and, if the amount by which the contribution to be
rounded is $5, is to be rounded up).
Sch. 2 inserted by No. 40/2014 s. 37(2).