Coffs Harbour City Centre Development Incentive Policy
The Coffs Harbour City Centre Development Incentive Policy contains opportunities for developers to be exempt from developer contribution charges, if they build residential or tourist accommodation in the city centre. The period of exemption is to run for two years from 23 May 2019, or until a maximum cap (incentive allowance) of $2,500,000 is reached, whichever occurs first.
Development being targeted by this policy includes residential projects that contain four or more large units, or tourist accommodation and shop-top housing projects that contain at least one large unit.
For more information on these incentives take a look at the Coffs Harbour City Centre Development Incentive Policy.
Business Incentive Policy
New and expanding businesses in the Coffs Harbour LGA are being offered discount incentives to help grow the local Coffs Harbour economy with a reduction in key commercial development costs.
The policy provides a range of options to help offset developer charges and contributions related to the costs of building new premises or expanding or refurbishing an existing building.
- An Employment Generating incentive: if the proposed business development will create jobs across the local government area (LGA), it may be entitled to a 40% discount off the Developer Contribution for business premise development.
- Eligible Business enterprise: a DA related to the establishment or development of a small business in a rented premise may attract a fee discount depending on size of the development. For example, converting an existing retail space to office space, or vice versa. This incentive can be used cumulatively with the Employment Generating incentive.
- Developer Charges Incentive: provides an opportunity to reduce upfront establishment costs, such as developer charges for sewer and water, for all commercial and industrial development where there is to be a change of use. For example, a clothing retail space being converted into a dry-cleaning business which will have a higher water usage.
- Enhanced Deferred Payments Incentives: someone developing new or existing premises can defer the payment of the required developer contributions to help reduce the initial costs of establishing or growing the business.
For more information on the incentives, take a look at the full Business Incentive Policy.
For more information about how to take advantage of these incentives please call us on 02 6648 4000.