Collecting agency may accept works, services or facilities in satisfaction of monetary component
46GX Collecting agency may accept works, services or facilities in satisfaction of monetary component
Subject to subsection (2), the collecting agency may accept the provision of works, services or facilities by an applicant under section 46GV(3) in part or full satisfaction of the monetary component of an infrastructure contribution payable by the applicant to the collecting agency under that section.
Before accepting the provision of works, services or facilities by an applicant under subsection (1), the collecting agency must obtain the agreement of the development agency or agencies specified in the approved infrastructure contributions plan, unless the collecting agency is the only development agency specified in that plan.
Subsection (2) applies to works, services or facilities provided before or after an applicant is required to pay the monetary component of an infrastructure contribution under section 46GV(3).
Division 6—Responsibilities of collecting agencies and development agencies
S. 46GY inserted by No. 7/2018 s. 10.
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