By Tony Baldwin, Angie Coleman and Tammy
Renewable energy projects article series
With the Federal Government's announcement that a fixed
price on carbon will be in place from 1 July 2012, and that an
emissions trading scheme will follow within three to five years,
activity in the renewable energy sector is expected to receive an
arguably much-needed boost.
Our Green Property team is developing a series of articles
discussing topical property issues for landowners, developers and
consultants who are considering undertaking or being involved in
renewable energy projects in Queensland. The first article in the
series discusses the stages of wind farm development and the legal
issues for landowners to consider before signing any agreement with
a wind farm developer. The article is available on our website.
EnviroDevelopment National Standards to be launched
The Urban Development Institute of Australia will launch its new
EnviroDevelopment National Technical Standards at the UDIA National
Congress on 29 March 2011.
The original EnviroDevelopment program was launched in
Queensland in 2006, but individual standards were implemented in
various States over the last few years as demand for
EnviroDevelopment accreditation around Australia increased. The new
National Standards have been developed to ensure consistency
between States. All EnviroDevelopment applications will now be
assessed under the National Standards, rather than the previous
You will find the following differences in the National
Standards from the State-based standards:
Definitions of commonly used terms have been introduced.
Development categories (industrial, commercial and residential)
have been allocated, as some criteria are more relevant to some
developments than others.
The bar has been raised for performance criteria to ensure that
EnviroDevelopment projects remain at the forefront of the
sustainable development industry and promote innovation.
If you have any questions about EnviroDevelopment or the
National Standards, please contact Associate Tammy Berghofer, who
is a member of the EnviroDevelopment Technical Standards
Green investments show returns
At the Green Building Council of Australia's recent Green
Cities conference, Dr Anthony De Francesco of IPD Australia
launched the new Green Property Investment Index. The Index reveals
the following insights:
Return on investment is higher for green-rated buildings than
for non-rated buildings.
A NABERS Energy base building rating of 4 star or higher shows
much higher returns than a building with a rating of 3.5 stars or
A building with a Green Star 'office design' or
'office as built' rating outperforms non-rated
The spread between rated and non-rated buildings is around 400
These findings are great news for developers and owners who
invest in obtaining green ratings for their buildings.
Round 7 of the Green Building Fund: Applications close
The Commonwealth Government has recently announced Round 7 of
the Green Building Fund grant. If you wish to apply for the grant,
you must do so soon, as applications must be received by the
relevant government department by 5.00pm on 29 March 2011.
The Green Building Fund was established in 2008 to encourage
property owners and developers to retro-fit or re-commission
existing commercial office buildings, and has since expanded to
encourage retro-fitting and retro-commissioning of certain shopping
centres and existing hotels.
Government grants of between $50,000 and $500,000 are available
for up to half the cost of retro-fitting and/or retro-commissioning
a commercial office building, hotel or shopping centre.
For more information about the eligibility requirements of the
Fund, please visit the Government's website or contact us.
If you were affected by the recent natural disasters but still
wish to apply for a grant, you can contact the Green Building Fund
Team on 03 9268 7555 to discuss an extension to the application
This legal update is an overview of existing eligible project activities and new project types proposed to be developed.
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