Deferral examples for GAIC

Key information

The amount of growth areas infrastructure contribution (GAIC) you can defer depends on:

• the type of land involved (type A, B or C)
• the date of the dutiable transaction. 

You may be able to defer:

• up to 100% of the GAIC for all types of land on or after 30 June 2011 
• up to 70% of the GAIC in other cases before 30 June 2011
• up to 100% of the GAIC for type A land, if the dutiable transaction occurred before 1 July 2010.

The examples below show how deferred GAIC is treated in different scenarios. These are illustrative only and do not cover all scenarios. The dotted lines indicate the continuation of indexation or interest in a roll-over situation.

For the rules on deferral, payment timing, indexation and interest, see deferral of your GAIC.

Type A land examples

1. Dutiable transactions arising before 1 July 2010

For dutiable transactions that occurred before 1 July 2010, you may defer up to 100% of the GAIC liability for that land. Any deferred GAIC is indexed until it is paid by the due date or you receive approval for a staged payment arrangement, whichever occurs first.

2. Dutiable transactions arising from 1 July 2010 to 29 June 2011 and before the land becomes part of a precinct structure plan 

For dutiable transactions that occur on or after 1 July 2010 (and prior to 30 June 2011) but before the land becomes a part of a precinct structure plan (PSP), you may defer up to 70% of the liability. The deferred GAIC is indexed until the land becomes a part of a PSP or the deferred GAIC is paid by the due date, whichever occurs first. If the land forms part of a PSP before the deferred GAIC is paid by the due date, the indexed deferred GAIC is subject to interest from the date the land becomes part of a PSP until the deferred liability is paid or you receive approval for a staged payment arrangement, whichever occurs first.

3. Dutiable transactions arising from 1 July 2010 to 29 June 2011 and after the land becomes part of a PSP

For dutiable transactions that occur on or after 1 July 2010 (and prior to 30 June 2011), but after the land becomes part of a PSP, you may defer up to 70% of the GAIC. The deferred GAIC is subject to interest until the deferred GAIC is paid by the due date or you receive approval for a staged payment arrangement, whichever occurs first.

4. Dutiable transactions arising from 30 June 2011 and before the land becomes part of a PSP

For dutiable transactions involving type A land that occur on or after 30 June 2011 but before the land becomes a part of a PSP, you may defer up to 100% of the liability. The deferred GAIC is indexed until the land becomes a part of a PSP or the deferred GAIC is paid by the due date, whichever occurs first. If the land forms part of a PSP before the deferred GAIC is paid by the due date, the indexed deferred GAIC is subject to an interest charge from the date the land becomes part of a PSP until the deferred liability is paid or you receive approval for a staged payment arrangement, whichever occurs first.

5. Dutiable transactions arising from 30 June 2011 and after the land becomes part of a PSP

For dutiable transactions that occur on or after 30 June 2011 and after the land becomes part of a PSP, you may defer up to 100% of the liability. The deferred GAIC is subject to an interest charge until the deferred GAIC is paid by the due date or you receive approval for a staged payment arrangement, whichever occurs first.

Type B land examples

Type B-1 and B-2 land were brought into the contribution area via the Planning Scheme Amendment VC 68, which was gazetted on 30 August 2010. The relevant day for type B-1 land is the first announcement day of 2 December 2008. For type B-2 land, the relevant day is the second announcement day of 19 May 2009.

1. Dutiable transactions arising from 2 December 2008 to 29 June 2011 and before the land becomes part of PSP

For dutiable transactions that occur before the land becomes part of a PSP, you may defer up to 70% of the GAIC if liability for the event arose between 2 December 2008 and 29 June 2011 (type B-1), or 19 May 2009 and 29 June 2011 (type B-2). The deferred GAIC is indexed until the land becomes part of a PSP or the deferred GAIC is paid by the due date, whichever occurs first. If the land forms part of a PSP area before the deferred GAIC is paid by the due date, the indexed deferred GAIC is subject to interest from the date the land becomes part of a PSP until the deferred liability is paid by the due date or you receive approval for a staged payment arrangement, whichever occurs first.

2. Dutiable transactions arising from 30 June 2011 and before the land becomes part of PSP

For dutiable transactions that take place on or after 30 June 2011 but before the land becomes part of a PSP, you may defer up to 100% of the GAIC. The deferred GAIC is indexed until the land becomes part of a PSP or the deferred GAIC is paid by the due date, whichever occurs first. If the land forms part of a PSP area before the deferred GAIC is paid by the due date, the indexed deferred GAIC is subject to interest from the date the land becomes part of a PSP until the deferred liability is paid by the due date or you receive approval for a staged payment arrangement, whichever occurs first.

3. Dutiable transactions arising from 30 June 2011 and after the land becomes part of PSP

For dutiable transactions that take place on or after 30 June 2011 and on or after the land becomes part of a PSP, you may defer up to 100% of the GAIC. It is subject to interest until the deferred GAIC is paid by the due date or you receive approval for a staged payment arrangement, whichever occurs first.

Type C land examples

Type C land is any land that is not type A, B-1 or B-2 land, that comes within a growth area and an Urban Growth Zone on or after 1 July 2010.

1. Dutiable transactions arising from 30 August 2010 to 29 June 2011 but before the land becomes part of PSP

For dutiable transactions that occur before the land becomes part of a PSP, you may defer up to 70% of the GAIC if liability for the event arose between 30 August 2010 and 29 June 2011. The deferred GAIC is indexed until the land becomes part of a PSP or the deferred GAIC is paid by the due date, whichever occurs first. If the land forms part of a PSP area before the deferred GAIC is paid by the due date, the indexed deferred GAIC is subject to interest from the date the land becomes part of a PSP until the deferred liability is paid by the due date or you receive approval for a staged payment arrangement, whichever occurs first.

2. Dutiable transactions arising from 30 June 2011 but before the land becomes part of PSP

For dutiable transactions that take place on or after 30 June 2011 but before the land becomes part of a PSP, you may defer up to 100% of the GAIC. The deferred GAIC is indexed until the land becomes part of a PSP or the deferred GAIC is paid by the due date, whichever occurs first. If the land forms part of a PSP area before the deferred GAIC is paid by the due date, the indexed deferred GAIC is subject to interest from the date the land becomes part of a PSP until the deferred liability is paid by the due date or you receive approval for a staged payment arrangement, whichever occurs first.

3. Dutiable transactions arising from 30 June 2011 but after the land becomes part of PSP

For dutiable transactions that occur on or after 30 June 2011, but after the land becomes part of a PSP, you may defer up to 100% of the liability. The deferred GAIC will be subject to interest until the deferred GAIC is paid by the due date or you receive approval for staged payment arrangement, whichever occurs first.