119 OLD PITT TOWN ROAD GABLES 2765 Stockland Development Pty Ltd Planning Agreement

The Planning Agreement provides that the Developer will make a monetary contribution of
$98,879.27 per hectare of net developable area (subject to indexation in accordance with
the Planning Agreement) (Development Contribution) for the purposes of the provision of
designated State public infrastructure within the meaning of clause 6.2 of The Hills Local
Environmental Plan 2019 (LEP).

An instalment of the Development Contribution will be payable prior to the issue of each
relevant subdivision certificate in accordance with Schedule 4 to the Planning Agreement.
The Developer is required to provide a bank guarantee in accordance with Schedule 5 to the
Planning Agreement.

The objective of the Planning Agreement is to facilitate the delivery of the Developer’s
contributions towards the provision of designated State public infrastructure referred to in
clause 6.2 of the LEP.

No relevant capital works program by the Minister is associated with the Planning
Agreement.