What the official record says
This Act is the Infrastructure Funding and Financing Act . This Act comes into force on the day after the date on which it receives the Royal assent. The purpose of this Act is to provide a funding and financing model for the provision of infrastructure for housing and urban development, that— supports the functioning of urban land markets; and reduces the impact of local authority financing and funding constraints; and supports community needs; and appropriately allocates the costs of infrastructure. This Part contains preliminary provisions. describes how a levy to eligible infrastructure is authorised. describes how and by whom a levy is administered. provides for operational and financial controls and powers. provides for monitoring, enforcement, remedies, and some miscellaneous matter