Why we need a betterment levy in NSW: better late than never
Media
The NSW Productivity Commission in November released its final report on the Review of Infrastructure Contributions in NSW (PC Review). It controversially ruled out capturing a share of windfall gains made from rezonings or the granting of additional development, even though this is widely used in voluntary planning agreements (VPAs) and state infrastructure contributions (SIC). Planning controls ration access to development rights for the benefit and amenity of the community, and enable those...