Metropolitan Planning Levy – commencing soonThe Metropolitan Planning Levy, announced in the 2014-15 State Budget will commence on 1 July this year.The levy applies to all projects in metropolitan Melbourne with an estimated construction cost of more than $1 million. For each $1,000 of the estimated development cost, $1.30 will be levied.A Metropolitan Planning Levy certificate will be issued by the State Revenue Office following payment of the levy, which will be necessary for lodging the planning permit application.The levy will be used to fund the Metropolitan Planning Authority and the implementation of Plan Melbourne.The Property Council does not support the levy’s introduction and believes the Metropolitan Planning Authority should be funded out of consolidated revenue.
Home Property Australia Metropolitan Planning Levy – commencing soon