Proposed amendments to the Business Investment Policy

The Tweed community are being encouraged to have their say about the proposed changes to Council’s Business Investment Policy which is currently on exhibition.

The Policy supports businesses by offering a range of discounts and payment options for Council charges which may result from development applications. It sets out methods and strategies to strengthen our local economy by supporting strategic business investment opportunities.

A few minor amendments have been proposed to improve the policy including:

Amendment
What does this mean for me?
Removal of the option to enter into a deed over assets under the Personal Property Securities Act
Council will no longer provide the option to secure assets with a security deed to cover outstanding contribution amounts. All outstanding developer contribution amounts deferred under this Policy will need to be secured by a bank guarantee.
Limiting the time to enter a deferred payment agreement with Council.
All unpaid developer contributions increase at an annually indexed rate each year. When Council enters into an agreement to defer developer contributions under this Policy the value of the contribution amount is fixed at the date of the agreement.
Once an offer is made by Council to enter an agreement, the developer has 12 months to sign the agreement. If the agreement is not signed within 12 months the offer lapses and the original developer contribution amount will again be subject to annual indexation.
This amendment formalises this process.
Other minor changes
Earlier this year the NSW Government amended the Environmental Planning and Assessment Act. The numbering i the Act was modified as a result of these changes. This change to the Policy updates any reference the numbering in the Act from S.94 to S.7.11. There are no other impacts on the Policy arising from the legislative amendment.
Several minor grammatical errors have also been fixed.


Have your say

You are invited to a Community Conversation to discuss the Business Investment Policy and provide your feedback.

When:19 November, 10 am to 11 am

Location: Murwillumbah

Book your seat

Make a submission

Tell us your thoughts about the policy whether they be positive or constructive. Please be as specific as possible with your answers.

Submissions must be made in writing.

  • Online: Using the 'Make a Submission' form below
  • Email: tsc@tweed.nsw.gov.au Subject: Community Engagement and Participation Plan
  • By mail: The General Manager, Tweed Shire Council, PO Box 816 Murwillumbah NSW 2484

Submissions must be received by Council no later than 4pm on Monday 9 December 2019.

The Tweed community are being encouraged to have their say about the proposed changes to Council’s Business Investment Policy which is currently on exhibition.

The Policy supports businesses by offering a range of discounts and payment options for Council charges which may result from development applications. It sets out methods and strategies to strengthen our local economy by supporting strategic business investment opportunities.

A few minor amendments have been proposed to improve the policy including:

Amendment
What does this mean for me?
Removal of the option to enter into a deed over assets under the Personal Property Securities Act
Council will no longer provide the option to secure assets with a security deed to cover outstanding contribution amounts. All outstanding developer contribution amounts deferred under this Policy will need to be secured by a bank guarantee.
Limiting the time to enter a deferred payment agreement with Council.
All unpaid developer contributions increase at an annually indexed rate each year. When Council enters into an agreement to defer developer contributions under this Policy the value of the contribution amount is fixed at the date of the agreement.
Once an offer is made by Council to enter an agreement, the developer has 12 months to sign the agreement. If the agreement is not signed within 12 months the offer lapses and the original developer contribution amount will again be subject to annual indexation.
This amendment formalises this process.
Other minor changes
Earlier this year the NSW Government amended the Environmental Planning and Assessment Act. The numbering i the Act was modified as a result of these changes. This change to the Policy updates any reference the numbering in the Act from S.94 to S.7.11. There are no other impacts on the Policy arising from the legislative amendment.
Several minor grammatical errors have also been fixed.


Have your say

You are invited to a Community Conversation to discuss the Business Investment Policy and provide your feedback.

When:19 November, 10 am to 11 am

Location: Murwillumbah

Book your seat

Make a submission

Tell us your thoughts about the policy whether they be positive or constructive. Please be as specific as possible with your answers.

Submissions must be made in writing.

  • Online: Using the 'Make a Submission' form below
  • Email: tsc@tweed.nsw.gov.au Subject: Community Engagement and Participation Plan
  • By mail: The General Manager, Tweed Shire Council, PO Box 816 Murwillumbah NSW 2484

Submissions must be received by Council no later than 4pm on Monday 9 December 2019.

  • CLOSED: This submission has concluded.

    Tell us your thoughts on the proposed amendments to the Business Investment Policy. Please try and be as specific as possible in your answer.



    Tell us your thoughts on the proposed amendments to the Business Investment Policy. Please try and be as specific as possible in your answer.



    Make a Submission