Costs of de-amalgamations
218CC Costs of de-amalgamations
(Repealed)
The Minister is, by making grants under section 620 or using money otherwise appropriated by Parliament for the purpose, to ensure that the cost of any de-amalgamation of the new area resulting from a business case submitted under section 218CD is funded.
For the purposes of subsection (6), the Minister may make either or both of the following—
a grant, not exceeding $5 million, to the new council to offset the financial impacts of the de-amalgamation,
a loan to the new council, at interest rates determined by the New South Wales Treasury Corporation, to defray de-amalgamation costs.
This section extends to new areas constituted before the commencement of this section.
In this section—
new area means the area constituted by the amalgamation of areas (former areas) by the relevant proclamation.
new council means the council of a new area constituted by section 219.
relevant proclamation means the proclamation made pursuant to Chapter 9, Part 1 that amalgamates former areas into the new area and constitutes the new council.
This Act’s bill:Explanatory memorandumSecond reading speech
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