{"id":288491,"date":"2020-12-02T18:21:48","date_gmt":"2020-12-02T08:21:48","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=288491"},"modified":"2020-12-02T18:21:48","modified_gmt":"2020-12-02T08:21:48","slug":"incentives-unveiled-for-developers","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2020\/12\/02\/incentives-unveiled-for-developers\/","title":{"rendered":"Incentives Unveiled For Developers"},"content":{"rendered":"
\"\"
South Burnett Regional Council will offer discounted infrastructure charges and a range of other incentives until June 30, 2022, in an effort to supercharge development in the region<\/figcaption><\/figure>\n
\"\"
South Burnett Mayor Brett Otto<\/figcaption><\/figure>\n

December 2, 2020<\/strong><\/p>\n

South Burnett Regional Council is hoping to supercharge development over the next 18 months by slashing charges and streamlining its planning and development processes.<\/p>\n

At Council’s November meeting, Councillors voted to introduce a development incentive scheme that will run from December 1, 2020, through to June 30, 2022.<\/p>\n

A key aim of the scheme is to encourage real estate developers to release new residential blocks.<\/p>\n

Another aim is to encourage more businesses to set up in the region – particularly job-creating industries.<\/p>\n

The policy was developed after Councillors held wide-ranging discussions with builders, developers and businesses.<\/p>\n

The talks aimed to find out what challenges they faced and how Council could improve its planning and development processes to help them.<\/p>\n

Mayor Brett Otto said a major issue that emerged from the talks was Council infrastructure charges.<\/strong><\/p>\n

Under existing arrangements, developers have to pay 100 per cent of the cost of connecting their lots to Council’s infrastructure systems (ie. water, sewerage) before development can proceed.<\/p>\n

This meant they faced substantial up-front costs which often could not be recovered for many years until the lots were sold.<\/p>\n

The same barriers also affected rural industries, where the cost of upgrading roadworks could be substantial.<\/p>\n

Under the incentive scheme, the Council will offer a:<\/strong><\/p>\n

    \n
  • 50 per cent discount for any commercial use or industrial activity development<\/li>\n<\/ul>\n
      \n
    • 50 per cent discount for long-term employment-generating development<\/li>\n<\/ul>\n
        \n
      • 75 per cent discount for reconfiguring a lot for residential development<\/li>\n<\/ul>\n
          \n
        • 100 per cent discount for residential development in a Rural Residential zone<\/li>\n<\/ul>\n
            \n
          • 100 per cent discount for a rural (eg. piggery) or tourist activity (eg. short-term accommodation) in the Rural zone<\/li>\n<\/ul>\n

            Developers who want to take up the offer need to apply to the Council and complete their development by June 30, 2022.<\/p>\n

            They will be required to enter into an infrastructure agreement which will detail the discount they are offered and their obligations under the scheme.<\/p>\n

            Council’s maximum contribution will be capped at $500,000 per development.<\/p>\n

            The Council are also providing a range of other measures to assist residents and developers with their projects.<\/p>\n

            These include:<\/strong><\/p>\n

              \n
            • Free pre-lodgement meetings<\/li>\n<\/ul>\n
                \n
              • Reduced levels of Planning Scheme assessment and typically no application requirements for changes of use in existing commercial sites<\/li>\n<\/ul>\n
                  \n
                • Rates relief on undeveloped lots – developers will receive a 40 per cent reduction in their valuation with no minimum general rate until the parcel is developed or ownership changes (the general rate will be calculated using the reduced valuation)<\/li>\n<\/ul>\n
                    \n
                  • Developers will also receive an exemption from vacant water and sewerage charges for five years from the date of land registration or until the\u00a0allotment is sold<\/li>\n<\/ul>\n

                    Mayor Otto said the incentive scheme would impose up-front costs to Council, however, he was confident these costs could be recovered over a 10-year period from the increased rates revenue new developments would generate.<\/p>\n","protected":false},"excerpt":{"rendered":"

                    South Burnett Regional Council is hoping to supercharge development over the next 18 months by slashing charges and streamlining its planning and development processes.<\/p>\n","protected":false},"author":3,"featured_media":257956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,22,3,36],"tags":[1131,1134],"yoast_head":"\nIncentives Unveiled For Developers - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"South Burnett Regional Council is hoping to supercharge development over the next 18 months by slashing charges and streamlining its planning and development processes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2020\/12\/02\/incentives-unveiled-for-developers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Incentives Unveiled For Developers - 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