The development facilitation program

The fast track pathway direct to the Minister for Planning for large projects offering 10% affordable housing applies to any development opportunity.
however, the developer can opt – at any time up to occupancy – to make a 3% contribution equal to the cost of labour and materials instead. To date, 60% of approvals have opted to pay and no development is complete. It is unclear what obligation the developer, in return for a fast track approval and no risk of a VCAT action, is under to proceed, landbank or sell with the financial benefit of the planning approval.