Articles tagged with Development Levies
Government Enhances Infrastructure Funding to Support Fast-Track Developments in NZ
1 week ago | 165 viewsThe New Zealand Government is enhancing infrastructure funding settings to ensure growth-related costs from Fast-track developments are recoverable by councils, addressing challenges like out-of-sequence projects and cross-boundary infrastructure impacts. Amendments to the Local Government Act 2002 will allow councils to update Development Contribution policies and recover costs more flexibly, serving as an interim measure until the new Development Levies system becomes operational in 2029. These changes aim to balance the acceleration of development through Fast-track approvals with fair infrastructure funding, supporting economic growth while maintaining effective service delivery.
Tags: Chris Bishop Simon Watts Development Contributions Development Levies Local Government Act 2002 Housing Growth Infrastructure funding New Zealand GovernmentNew Zealand Government Advances Infrastructure Funding Reforms to Boost Housing Growth
9 months ago | 878 viewsThe New Zealand Government is advancing reforms to improve infrastructure funding and financing to support housing and urban growth, focusing on land supply, infrastructure, and growth incentives through its Going for Housing Growth programme. Key initiatives include introducing the Infrastructure Funding and Financing (IFF) Amendment Bill, replacing development contributions with a new development levies system, and proposing the Commerce Commission as the regulator for development levies to ensure fairness and transparency. Public consultation on these reforms runs until February 2026, aiming to create a flexible, consistent system that enables faster housing development and better infrastructure delivery.
Tags: Chris Bishop Simon Watts Scott Simpson Housing Minister Local Government Minister Commerce and Consumer Affairs Minister Infrastructure Funding and Financing Development Levies Commerce Commission New Zealand GovernmentRevitalizing the Property Sector: Updates on Market Cycles, Innovative Ideas, and Growth Opportunities in Queenstown
11 months ago | 1090 viewsThe speaker expresses gratitude for being at an event in Queenstown hosted by the Property Council, emphasizing the importance of collaboration among various stakeholders in the property industry. They acknowledge the challenges faced by the construction and property sectors due to inflation and economic cycles but highlight government initiatives to support recovery, including reforms to streamline building processes. The speaker outlines key pillars of the Going for Housing Growth program and upcoming Resource Management Act reforms aimed at facilitating development and addressing infrastructure needs, concluding with a mention of City and Regional Deals as strategic partnerships to drive economic growth and housing development.
Tags: Leonie Freemen Minister Penk Shamubeel Eaqub Simplicity Reserve Bank Property Council Resource Management Act Going for Housing Growth Development Levies Infrastructure Funding and Financing Act