Part 8
Regulatory, enforcement, and coercive powers of local
authorities
Development contributions:
Development contributions policy
201Contents of development contributions policy
If a territorial authority has determined to seek funding for community facilities under this subpart, the policy required by section 102(1) must include, in summary form, in addition to the matters set out in section 106,—
- an explanation of, and justification for, the way each
development contribution in the schedule required by
subsection (2) is calculated; and
- the significant assumptions underlying the calculation of
the schedule of development contributions, including an
estimate of the potential effects, if there is a
significant level of uncertainty as to the scope and
nature of the effects; and
- the conditions and criteria (if any) that will apply in
relation to the remission, postponement, or refund of
development contributions, or the return of land;
and
- the basis on which the value of additional allotments or
land is assessed for the purposes of
section 203(1).
A development contributions policy must contain a schedule in accordance with section 202.
Notes
- Section 201(1): amended, on , by section 49 of the Local Government Act 2002 Amendment Act 2010 (2010 No 124).