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Cabinet paper

Cabinet Paper CAB-19-SUB-0269: Urban Growth Agenda: Infrastructure Funding and Financing - Infrastructure Levy Model - Development Contributions

Issue date: 
Monday, 16 December 2019
Version note: 

Some parts of this information release would not be appropriate to release and, if requested, would be withheld under the Official Information Act 1982 (the Act). Where this is the case, the relevant sections of the Act that would apply have been identified. Where information has been withheld, no public interest has been identified that would outweigh the reasons for withholding it.

Document Date: 
Wednesday, 9 Oct 2019
Publication category: 
Ministerial Portfolio: 
Housing and Urban Development

Accessible HTML version

Only the Proposal and Executive Summary sections of this Cabinet paper are extracted below in HTML. If you require a full HTML version please contact information@treasury.govt.nz and cite CAB-19-SUB-0269 as a reference.

Cabinet Paper CAB-19-SUB-0269: Urban Growth Agenda: Infrastructure Funding and Financing - Infrastructure Levy Model - Development Contributions

Proposal

  1. This paper seeks Cabinet approval to alter its previously agreed position on the use of development contributions (DCs) in relation to the Infrastructure Levy Model (the Model). Officials propose more flexibility in the council funding system to enable the Model to be used in a broader range of projects.
  2. The current design of the Model also requires the relevant portion of previously collected DCs to be transferred to a special purpose vehicle (SPV) where the SPV is responsible for the financing and/or development of infrastructure for which the DC was collected. This paper also seeks to provide an option to refund to the current landowner previously collected DCs for infrastructure that is subsequently funded by a Levy.

[Extract ends]

Last updated: 
Monday, 16 December 2019