IPART review of domestic lease rents

In December 2010, the NSW Premier requested that the Independent Pricing and Regulatory Tribunal (IPART) review the current method for rental determination of domestic waterfront tenancies in NSW. The review will cover tenancies managed by both Maritime and the Crown Lands Division of the Department of Primary Industries (CLD) and will consider submissions by all stakeholders, interest groups, agencies and the community.

The current IPART review timeframe is:

11 April 11	Release of Issues Paper and call for submissions
31 May 11	Submissions due
27 Jun 11	Public roundtable
Early Sep-11	Release of Draft Report and call for submissions
Mid Oct-11	Submissions due
14 Dec 11	Final report to Ministers

 

Until such time as IPART completes its review, Maritime will continue to calculate and charge rent according to the current rental and precinct formula.

Information about the review can be found on the IPART website: http://www.ipart.nsw.gov.au