IPART has released the Final Report on the Review of Lane Cove Council’s revised St Leonards South Precinct Contributions Plan (SLS CP).
IPART has considered all submissions received on our Draft Report and made 5 recommendations. They include updating the plan to reflect land acquisition, indexation of works and land costs, publishing indices applied in the plan and updating the works schedule.
Lane Cove Council proposes a minimum contribution rate of $24,150 for a studio/1 bedroom dwelling and a maximum rate of $53,474 for a 3+ bedroom dwelling. The proposed contribution rates have increased around 19% since the plan was previously reviewed.
Lane Cove Council has revised the total cost of the plan to be about $62.59 million as at March 2025 to provide infrastructure to service the St Leonards South Precinct.
We have provided the report to the Minister for Planning and Public Spaces. The Minister (or Minister’s nominee) will consider our recommendations and then advise the council on whether any changes are needed before it can adopt this revision of SLS CP.
If the Minister accepts our recommendations, the total cost of SLS CP would increase by about 2% to $63.79 million. This will also lead to about a 2% increase in all contribution rates, with a minimum contribution rate of around $24,600 for a studio/1 bedroom dwelling and a maximum rate of around $54,500 for a 3+ bedroom dwelling.