Penrith. City exempted from levy cap

The NSW Minister for Planning, Kristina Keneally, has exempted Penrith City Council from a $20,000 cap on developer levies. The review panel recommended Section 94 contribution plans for Glenmore Park 1, Glenmore Park 2, WELL Precinct and Claremont Meadows be exempted from the threshold, subject to the ongoing review. The Glenmore Park 2 plan should incorporate council’s identified savings of $2000 per lot. The remainder of the contributions plans can remain unchanged, subject to conditions.