New infrastructure tax should be used to fund new homes – Urban Taskforce, The Australian Broker – 9 February 2023

The new Regional Infrastructure Charge (RIC) the NSW government was “secretly” planning to introduce should be used to fund new infrastructure and not to pump up the budget bottom line, according to Tom Forrest, Urban Taskforce CEO.

Originally introduced into the NSW Parliament as part of the budget announcement in 2021, the RIC was designed to develop a fund for the purpose of funding infrastructure to support housing supply. The legislation was referred to an upper house committee and has not been progressed by the government.

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