… and when is it mandatory to acquire one?
If you are sharpening your tools in anticipation, ready to embark on a new development project with estimated costs in excess of $500,000, then you are likely going to need a section 94 quantity surveyor report.
Section 94 of the Environmental Planning and Assessment Act 1979, presents relevant councils with the power to acquire levies from developers for the construction of new residences and places of business. These levies are purposed for contributing towards future planning, infrastructure, and public services that may be required as a result of the development activity.
Section 94 council reports are essentially a precautionary measure undertaken by council to ensure they have some added funds in place to cater for a growing community. These contributions can help to fund items like road upgrades, community centres, public open spaces, etc.
It is mandatory for a Section 94A form and cost estimate to be carried out by a registered quantity surveyor. Once assessed and completed, the quantity surveying consultancy will make available the Section 94 council report, which is then submitted along with the development application. Through this process, the council obtains a full overview of the anticipated development and has a means to work out the amount of the Section 94A contribution.
WHO CAN PROVIDE A SECTION 94 REPORT?
A quantity surveyor report and Section 94 council reports can be undertaken by chartered surveyors and those quantity surveyors registered with the Australian Institute of Quantity Surveyors, or a person who can demonstrate equivalent qualification.
For reliable, fast and affordable section 94 council reports, get in touch now!