Increased development opportunities through revised Incentives Policy

Published on 08 August 2017

A revised Development Incentives Policy of Rockhampton Regional Council is set to further drive economic growth, encourage private sector investment and create local jobs.

Council today adopted the revised policy to increase the types of future developments eligible for reduced infrastructure charges.

Chair of Council’s Planning and Regulatory Committee Councillor Ellen Smith said the policy cuts 75 per cent of infrastructure charges for new developments in Council’s Priority Infrastructure Area.

“Council is absolutely committed to growing the economy and by removing the handbrake to investment we are sending the message loud and clear to developers that Rockhampton is Open for Business,” Cr Smith said.

“The amendments we are making to this policy means even more industries have incentive to invest in Rockhampton with the policy now applying to Farm Stay Accommodation and Medical, Health and Community Services as well as Educational and Training Establishments; Aged and Retirement Facilities and Destination Tourism Facilities.

“We know that this policy works. The former concessions and Incentives Policy saw more than 30 incentive applications lodged with Council over a three year period.

“Overall it led to a total of more than $1.4 million being refunded to developments which was money put back into getting those projects up and running,” Cr Smith said.

The new policy will apply to development applications lodged with Council on or after 1 August 2017 and on or before 31 December 2019.

For further information on the concession, head to: www.rrc.qld.gov.au/PlanningBuilding/Development-Incentives