Planning and Environment Act 1987

A development agency under an approved infrastructure contributions plan must keep proper and separate accounts and records of—

any part of a monetary component or land equalisation amount forwarded to the development agency by the collecting agency; and

any part of a monetary component or land equalisation amount expended by the development agency; and

the following inner public purpose land (if any)—

land vested as a road in the development agency under the Subdivision Act 1988;

land acquired by the development agency before the time it is required to be provided under section 46GV(4);

land transferred to the development agency by the collecting agency; and

the use and development by the development agency of any inner public purpose land; and

the acquisition and use and development by the development agency of any outer public purpose land.

If the development agency is a municipal council, the accounts and records to be kept under subsection (1) must be kept in accordance with the Local Government Act 2020.