Windfall Gains Tax on its way to Victoria

The Victorian Government has continued with its intention to introduce a new windfall gains tax (WGT) in respect of gains made by landowners arising from increases in land value following rezoning of land. Following consultation with stakeholders, further details about the value mechanism and rezoning and transaction exemptions have been announced. Read more

Court upholds refusal of coal mine

The NSW Court of Appeal (NSWCA) has dismissed an appeal from a decision of the Land and Environment Court of NSW (LEC) brought by KEPCO Bylong Australia Pty Ltd (KEPCO). The appeal (and earlier judicial review proceedings) primarily concerned the application and construction of the State Environmental Planning Policy (Mining, Petroleum Production and Extractive Industries) 2007 (the Mining SEPP). Both judgments make important contributions to the growing body of jurisprudence in the area of climate change-related litigation and affirm the broad discretion of planning authorities in assessing climate change impacts. Read more

QLD 2020-21 Financial Provisioning Scheme Annual Report released

On 15 September 2021, Queensland Treasury released its annual report for the Financial Provisioning Scheme (FPS) governed by the Mineral and Energy Resources (Financial Provisioning) Act 2018 (Qld) (FP Act). The annual report provides insight into risk outcomes, status of transition, contribution fund and surety balances, and planned expenditure. Snapshot Of the aggregate $7.4 billion … Read more

Have your say on NSW Planning Regulation

The NSW Department of Planning, Industry and Environment has released a draft Environmental Planning and Assessment Regulation 2021 (NSW) for consultation. The regulation will make changes to numerous aspects of the planning system, including in relation to development applications and modifications, designated and complying development and assessments under Part 5 of the Environmental Planning and Assessment Act 1979 (NSW). Read more