1 112 TALAVERA ROAD MACQUARIE PARK 2113 Karimbla Properties (No.52) Pty Limited Planning Agreement

The First Deed of Variation varies the Planning Agreement to reduce the amount of the contribution payable to the Minister for the Development from $12,528,000 (subject to indexation) to $10,084,202 (subject to indexation). The reduction has been agreed to having regard to the rates set out in the Ministerial Planning Order for the Housing and Productivity Contribution under Subdivision 4 of Division 7.1 for the Greater Sydney Region. Currently, the Planning Agreement allows the contribution to be paid in 3 instalments related to the issue of occupation certificates. However, the First Deed of Variation will require the whole of the contribution to be paid on its commencement.