The State Government has announced a $15 million Residential Land Rebate (RLR) scheme for property developers, aimed at increasing the availability of housing and residential land.
Under the RLR scheme, developers will be able to claim up to $10,000 per lot on up to 40 lots for costs incurred on electrical infrastructure as well as water and sewerage infrastructure (Eligible Utilities). This $10,000 is comprised of up to $5,000 for each of these Eligible Utilities.
Eligibility
Developers can apply for a rebate under the scheme:
- if they are the owner of the land – where there are multiple owners on title, each owner must be named as an applicant;
- on up to 40 lots in a development;
- on land that is zoned as residential; and
- if the applicant is a natural person (not a company), they must be aged 18+.
Evidentiary requirements
To receive the rebate, applicants must provide evidence of all eligible utilities for which costs have been incurred and the rebate is being sought. Evidence must:
- be in the form of a tax invoice;
- show receipts as evidence of payments; and
- if the costs have been incurred on over 40 lots, separate invoices should be sought from the contractor, or the costs must be apportioned and explained to the Department of State Growth.
Planning permits must also be included in applications for the rebate and must show:
- approval from Council;
- any conditions on the development;
- the address/location of the development;
- the total number of lots permitted in the development;
- the date of approval by the relevant Council; and
- the name of the relevant Local Council.
More information
Applications under the RLR scheme will open from 3pm on 7 September 2021 and close 30 June 2023 or when the allocated $15 million is exhausted, whichever occurs first.
Applications are limited to one per applicant and are capped at 40 lots per developer. Only one rebate will be granted per council permit.
If you have any queries or would like further information regarding this article, please contact:
Daniel Morgan
Principal
M: 0438 436 968
E: dmorgan@pageseager.com.au
William Geason
Lawyer
T: (03) 6235 5170
E: wgeason@pageseager.com.au
Published: 16 September 2021
