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20 June 2012

Council will maintain its infrastructure incentives to attract investment to the Fraser Coast.

Under the policy which was introduced in June last year, the value of incentives (lower infrastructure charges) provided by Council to developers equals $5.7 million.

“Council believes that the policy is attracting targeted development and business to the region,” Fraser Coast Mayor Gerard O’Connell said.

“When you add together the incentives offered under this policy and those offered under the shovel ready policy, Council has offered $14 million worth of incentives to stimulate targeted development on the Fraser Coast.

“Given that the world financial environment is going to continue being tough, we believe that it is in our interests to maintain the incentive policy until 2013. We will review it on July 1, 2013 or in April 2013 when the new Fraser Coast Regional Council Planning Scheme is expected to come into force.”

The incentives applied to development which met one or more of the following categories:
Category 1, 10% – contribution to Fraser Coast economy; and/or
Category 2, 10% – infill residential development; Central Business District development; Hervey Bay business nodes, employment generating; or small residential lots; and/or
Category 3, 20% – medical facilities; and/or
Category 4, 30% – roll-in provisions for development in the former local government areas of Maryborough, Tiaro and Woocoo; and/or
Category 5 (Subject to Individual Assessment) –  development considered to be of Special Community Benefit.

The funds raised by the infrastructure charges contribute to roads, water, sewerage, parks and drainage works that Council installs to cater for a new development.