Consultant Report - IPART

adjoining land value psm and market rentals of the wetland use. If adopted, a discount factor
specific to wetland would most accurately be applied where taking account of;
a) Quality of wetland (neither the current precincts nor postcode methodology address
this)
b) Area of occupancies against use of occupancy (neither the current precincts nor
postcode methodology address this)
However, this would need to be considered in light of the cost of implementation which may not
satisfy the goal of operational efficiency.
The alternative is consideration of the potential linking of wetland area rentals with the rate for
public moorings as the matters considered in both have some comparability and implementation
costs are likely not to be excessive.
5. A program should be considered for conduct between LPI, Maritime and Crown Lands to
correctly identify the total area, and specific area, of wetland as opposed to reclaimed land to
allow more accurate assessment of occupancy rentals.
LPI, Maritime and Crown Lands should investigate implementation of structured arrangements
for use of the Register of Land Values in setting of rentals for occupancies. It is suggested the
arrangement be similar to those in effect between LPI and Councils, to provide for consistent
access, delivery, use and maintenance of relevant land value records by Maritime and Crown
Lands.
Investigation of Discount Factor used for determining rentals for Domestic Waterfront Occupancies
Page 28 of 72