A State on the Move
Victoria’s Development and Building Industry
Geared for Accelerated Activity
Victoria is facing down the current COVID-19 crisis with the
biggest construction list of any state of Australia – and the
plan is about to get bigger.
task force to help keep the state’s building and
development industry active through current
COVID-19 crisis and beyond
Backing words with deeds, it has just recently announced the planning approval of four major billion-dollar projects in rapid succession located at 118 City Road, Southbank, 555 Collins St, 52-60 Collins St and 550 Epsom Road Flemington, respectively – each projected to create thousands of much-needed local jobs.
Underpinning the government’s concerns are newly released Treasury figures which forecast a contraction of GDP for the June quarter 2020 by as much as 14% compared to the same period last year. Under this assumption, unemployment could rise to 11 per cent withjob losses rising to 270,000 for the September quarter.
Treasury further projects the decline of property prices generally to around 9% from March through to Decemberthis calendar year.
Overseeing the task force are senior state ministers, Richard Wynne (Planning) and Tim Pallas (Treasurer) whose mission it is to investigate planning and investment opportunities to boost Victoria’s building and development industry over the short, medium and long term.
Minister Wynn commented that “This task force will help ensure the building and development industry is a driving force for Victoria’s economy through this pandemic and beyond, helping to deliver projects more efficiently and to get new projects off the ground faster.”
Treasurer Tim Pallas further added, “This is a testing time for the Victorian economy, but we’ll be fighting for every
single job. We will work closely with the private sector and unions to support jobs and back businesses to get to the other side of this crisis.”
The Taskforce will with priority all issues impacting the industry, helping to remove barriers to building and development works, vital for supporting Victorian jobs, housing and infrastructure.
Projects which have been delayed in planning approval state due to COVID-19 will be reviewed under the powers of the Victorian Planning Act.
A longer-term strategy of expanding the pipeline of development and building projects is an integral part of the task force plan.
The whole gamut of financial incentives and developer contributions will be examined as part of the taskforce brief.
A key objective of the task force, called Victoria Recovery Taskforce, will be to receive submissions from the development sector and identify which of those are of state and regional significance, are “shovel-ready” yet are languishing at council level or VCAT.
The attraction of the scheme is that projects which meet certain criteria can be facilitated through assistance with planning scheme amendments and PSPs.
Projects under this scheme will need to commence within twelve months as a condition of approval.
Detailed information about the project criteria can be found by contacting the DELWP Customer Service
Centre on 136 186, or email to customer.service@delwp. vic.gov.au, or via the National Relay Service on 133 677,
www.relayservice.com.au. The project criteria document is
also available at www.delwp.vic.gov.au
“This is a testing time for the Victorian economy, but we’ll be fighting for every single job. We will work closely with the private sector and unions to support jobs and back businesses to get to the other side of this crisis.”
The Hon. Tim Pallas MP
Treasurer of Victoria
Minister for Economic Development
Minister for Industrial Relations
Minister for the Coordination of
Treasury and Finance: COVID-19
“This task force will help ensure the building and development industry is a driving force for Victoria’s economy through this pandemic and beyond, helping to deliver projects more efficiently and to get new projects off the ground faster.”
The Hon. Richard Wynne
Minister for Planning
Minister for Housing
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