The Property Council of Australia welcomes the opportunity to provide a submission on the proposed re-introduction of Developer Contributions by Sydney Water. We understand that although these charges were discontinued in 2008 during the Global Financial Crisis, the statutory mechanism that provides for their collection remains in place. We also understand that in October 2022, the NSW Treasurer authorised the reintroduction of these charges.
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The NSW economy continues to remain one of the most resilient in the nation. Despite significant
economic and fiscal headwinds, an escalating interest rate environment and mounting cost of living
pressures, our economy has proved robust.