Members Concerns About Acquisition of Sites for Public Purpose

Members received a lunchtime briefing from a partner from global law firm Norton Rose Fulbright, Tamara Brezzi on the implications of submission made to the Fishermans Bend Planning Panel. The firm represented eleven property owners at the Planning Panel that was the longest running (and most costly to both government, businesses and property owners) in the history of Panel Hearings. Over 240 submissions were received including one from FBBF. The issue that affected a number of businesses at the luncheon was the mechanism for compensation when land is acquired for roads, schools, public transport and public open space. Under a proposal called Infrastructure Contribution Plans property owners get development up-lift (increased density) when they contribute at no cost to government part of their land that has been designated by planners.