46GB
In forceMeaning of ICP land contribution percentage
Part 3ABInfrastructure contributions
Division 1Preliminary
46GB Meaning of ICP land contribution percentage
An ICP land contribution percentage is the total area of the public purpose land specified in an infrastructure contributions plan divided by the total area of the contribution land in the ICP plan area of the plan, expressed as a percentage, determined in respect of each class of development of land specified in the plan.
Example
where—
LCP is the ICP land contribution percentage;
TPPL is the total area of the public purpose land specified in the plan;
TCL is the total area of the contribution land in the ICP plan area of the plan.
S. 46GC substituted by No. 7/2018 s. 10.
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