14 STURT STREET TELOPEA 2117 Frasers Property Australia Planning Agreement

The Planning Agreement provides that the Developer will make a monetary contribution of $10,000 per dwelling (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 8.1 of Parramatta Local Environmental Plan 2011 (the LEP). This clause, despite its repeal, continues to apply to the concept development application SSD-14378717 by virtue of clause 1.8A of Parramatta Local Environmental Plan 2023.

If the project delivery agreement between the Developer and the Landowner is terminated before the Development Contribution is payable under the Planning Agreement, then the Planning Agreement provides that the Landowner will make the Development Contribution for the purposes of the provision of designated State public infrastructure within the meaning of clause 8.1 of the LEP.