17 September 2012

Property Council screaming over "commence and complete" fees

| johnboy
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In a speech to over 200 industry representatives at a Property Council function held on 21 June 2012, ACT Treasurer Andrew Barr said:

“Today I can announce that the Government will waive commence and complete fees for commercial, mixed use and multi-unit residential developments. Commence and complete provisions will now only apply to the construction of single dwellings on standard residential blocks.”

However, without consultation, and just before the commencement of the caretaker period, Treasurer Andrew Barr and Planning Minister Simon Corbell jointly signed a statutory instrument in direct contradiction of undertakings made by Government.

“The property industry is in shock over this decision. The promise was for NO fee.”

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