UrbanGrowth NSW is the Government's new urban development delivery vehicle. It has been formed through the integration of Landcom and the former Sydney Metropolitan Development Authority. Its primary objective is to enable a thriving private sector development industry to deliver homes, workplaces, facilities and places needed for NSW citizens to enjoy a high quality of life.
UrbanGrowth NSW will focus on expediting and increasing development outcomes and increasing housing supply, primarily in the Sydney Metropolitan Region. It will operate in both green field and urban renewal locations and will increasingly concentrate on areas where market and/or regulatory barriers are preventing otherwise desirable private sector investment.
UrbanGrowth NSW will either carry out, manage or co-ordinate the urban renewal and development on strategic and complex sites where there is demonstrated market and/or regulatory failure. The organisation will work closely with the private sector, development industry, local government, state agencies and local communities to facilitate development.
UrbanGrowth NSW will carry out the following functions:
NSW Government agencies and bodies are required to consult and work cooperatively with UrbanGrowth NSW when developing or implementing policies and projects relevant to the property market, development and urban renewal.
UrbanGrowth NSW has authority to co-ordinate government agencies in certain circumstances to:
There are two ways that UrbanGrowth NSW's ability to co-ordinate agencies can be authorised:
If problems or issues remain unresolved, UrbanGrowth NSW has the authority to escalate matters to the Premier for resolution.
UrbanGrowth NSW may not unilaterally require an agency to commit to any significant expenditure.
Interaction with the Department of Planning and Infrastructure (DP&I): UrbanGrowth NSW will work closely with DP&I on relevant research, policy development and policy implementation issues, with an emphasis on the economic feasibility of proposals and providing a development industry perspective.
UrbanGrowth NSW will work with the Department of Planning and Infrastructure in identifying potential urban activation precincts for consideration by the Precinct Nomination Committee. It has a permanent role on both precinct selection committees and precinct working groups.
Interaction with Government Property NSW: Government Property NSW is another new organisation that has been established to succeed the State Property Authority. Its objective is to improve the utilisation of government owned property to better support service delivery. It will collaborate with UrbanGrowth NSW as needed in areas of strategic priority to maximise the value of assets identified for potential disposal and to integrate any government requirements for space in renewal areas or other UrbanGrowth NSW projects. UrbanGrowth NSW's role may be the complete development of an asset, the provision of all or part of the development work as a development facilitator in preparation for the involvement of the private sector or merely advisory.
UrbanGrowth NSW consists of Landcom (continuing as a State Owned Corporation established by the Landcom Corporation Act 2001, but operating under a new trading name) and the Sydney Metropolitan Development Authority (SMDA), which has been re-named UrbanGrowth NSW Development Corporation. While each organisation has its own legislative, governance and reporting requirements, they will be run by the same Chief Executive Officer and will work closely together to achieve the Government's urban development objectives.
Landcom will continue to use its statutory name, Landcom, in its retail land sale business which will wind down over time as it completes the delivery of the Government's 10,000 home site programme.
The development corporation, UrbanGrowth NSW Development Corporation, is established under the Growth Centres (Development Corporations) Act 1974 as a chief executive governed development corporation. The development corporation's activities are conducted in designated growth centres which the Government may declare on an as-needed basis. In the Sydney Metropolitan Region, declared growth centres exist in Redfern Waterloo and Granville. Other areas may be declared over time.
Barry O'Farrell MP