Performance of work-in-kind agreement taken to be payment of GAIC
201SLM Performance of work-in-kind agreement taken to be payment of GAIC
A person who has entered into a work-in-kind agreement to meet the whole or part of a liability to pay a growth areas infrastructure contribution is taken to have paid to the Commissioner an amount of that contribution that is equivalent to—
if the agreement is wholly performed, the agreed value of the agreement; or
if a stage of the agreement is wholly performed, the agreed value of that stage; or
S. 201SLM (1)(c) amended by No. 11/2017 s. 77.
if the agreement is partly performed, the value of the land or works provided under the agreement as determined by the Victorian Planning Authority.
S. 201SLM(2) amended by No. 11/2017 s. 77.
A person is taken to have paid an amount of a growth areas infrastructure contribution under subsection (1) at the time at which the Commissioner receives a notice from the Victorian Planning Authority under section 201SLL(2) of its determination of the relevant matter referred to in subsection (1)(a), (b) or (c).
S. 201SLN inserted by No. 31/2011 s. 9.
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