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Industry welcomes fast track approval system
Posted on 2010-02-09
THE property industry has welcomed the New South Wales Government’s plan to extend its fast track development approval system for public sector projects to the private sector. Yesterday NSW Premier Kristina Keneally announced a raft of changes as part the government’s ongoing economic stimulus package. The government will appointed an independent reviewer to examine the NSW Nation Building and Jobs Plan (State Infrastructure Delivery) Act which was enacted in March last year to fast track delivery of public sector projects. Premier Keneally wants to now evaluate “applying the principles of this legislation beyond education and public housing to other significant infrastructure projects in NSW, such as major transport projects, significant commercial or even appropriate residential projects,” She has invited public and stakeholder comment as part of the review process. Urban Taskforce CEO Aaron Gadiel said since the legislation came into affect there has been a “blitzkrieg” of planning approvals issued in record time for public sector proposals. But he added the private sector proposals have still been stuck in a ponderous 1970s planning system. “The government’s strong support for its public sector projects has been great for creating jobs and boosting economic activity, but the private sector would be capable of doing so much more. “There is no reason why the same planning system should not apply equally to the public and private sectors,” he added. Gadiel said more than 3,200 public housing homes have been approved under new fast-track planning rules introduced 12 months ago. Approvals for 1,015 new public housing homes have been published in the last 50 days alone – that’s an approval rate of 20 new homes a day. “Private sector developers who want to provide housing for owner occupiers and low-to-middle income renters have still been mired in red tape. “Right now many private sector proposals are unable to get off the ground because of unrealistic council requirements,” Gadiel said. Source: PropertyReview.com.au
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