Meaning of monetary component
46GD Meaning of monetary component
The monetary component of an infrastructure contribution is either or both of the following—
the standard levy calculated in accordance with the standard levy rate specified in the plan;
the supplementary levy calculated in accordance with the supplementary levy rate specified in the plan.
The monetary component of an infrastructure contribution imposed under an infrastructure contributions plan may only be used to fund—
S. 46GD(2)(a) amended by No. 3/2026 s. 216(a).
the provision of works, services or facilities referred to in section 46GG(1)(a) and (ab) in relation to the plan; and
S. 46GD(2)(b) amended by No. 3/2026 s. 216(b).
the plan preparation costs and plan administration costs in relation to the plan; and
S. 46GD(2)(c) inserted by No. 3/2026 s. 216(c).
relevant land acquisitions.
S. 46GE substituted by No. 7/2018 s. 10.
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