Increase the penalty for failure to develop on new land within the specified times to up to five times the rates applying to the block.

Increased fees for failure to develop and complete development have been included as through an amendement ot the Planning and Development regulations. Following industry consultation, ACTPLA has developed a Guide to fees for extending building and development provision. ACTPLA have now finalised the Guide and Fact Sheet, which is available on the ACTPLA website.

Introduce a hardship test for owners of individual blocks where financial difficulties may impact on completion of development, and set lower penalties for individuals and higher penalties for corporations.

A hardship test is incorporated in the Planning and Development Act. A change of circumstances test is also being considered to take into account changes in market conditions and other issues.