NSW Government takes a greater strategic role in precinct planning

The Minister for Planning and Public Spaces has announced the NSW Government’s new approach for precinct planning in Greater Sydney. The Minister stated that the new precinct planning framework would clear the decks of planning proposals stuck in the system, refocus the State’s planning efforts and empower local councils to plan strategically. Read more

Adoption of Equator Principles 4

On 18 November 2019, the updated version of the Equator Principles (EP), EP4, was adopted by the Equator Principles Association. EP4 will apply to mandated transactions from 1 July 2020. This article discusses the key amendments made. Read more

Reforms imminent for the building and construction industry in NSW

The NSW Government has introduced the Design and Building Practitioners Bill 2019 (Bill) to the NSW Parliament. The Bill responds to the Building Confidence report dated February 2018 by Professor Peter Shergold and Ms Bronwyn Weird (Report). The Report addressed the compliance and enforcement issues faced by the building and construction industry in NSW following serious defects with newly built apartment towers in Sydney. Read more

Melbourne grass isn’t greener, but it’s getting more expensive

A new Bill introduced into the Victorian Parliament seeks to update the habitat compensation arrangements within Melbourne’s growth corridors, providing additional funding to support State government acquisition of land for conservation area reserves given increases in land values. Read more