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Lease Variation Charge Scheme Submission

The ACT Government has recently released a discussion paper on the review of the Lease Variation Charge (LVC) Scheme. Property Council has welcomed the opportunity to contribute to this review and has prepared a submission that has put forward modifications to the existing scheme in relation to residential and commercial aspects.

The submission outlines our first-hand experience in dealing with the current LVC system and provides an overview of potential enhancements, both in its application to residential and commercial/mixed use developments.

The six key themes that the submission focus on include:

  • Improving clarity, certainty and transparency
  • Simplification of the system to create efficiency
  • Creating a fairer system
  • Minimise time delays in determinations
  • Enhancing dispute resolution processes
  • Revenue neutrality
Read the full submission here.

We look forward to working with the ACT Government in a constructive and collaborative manner to enhance the LVC system to ensure that it better achieves its objections and better serves the needs of our community.

To provide feedback or further comment, please contact Adina Cirson, ACT Executive Director at acirson@propertycouncil.com.au