The development of objectives and objectives will strengthen the reasons for the need for a development agreement and help facilitate a process in which expectations for both parties are clearly expressed. This step should also be used as a follow-up method to determine whether the objective of the development agreement is compatible with a comprehensive plan or with other guidelines generated by the court. The State Revenue Commissioner assessed the Duties Act 2000 (Vic) land transfer tax as the sum of the sums paid by Lend Lease to VicUrban under the development agreement. Lend Lease objected to the assessment and argued that the consideration for the transfer could only be the amount set in the contract to sell the land. Lend Lease submitted that the amounts that could or would be the subject of a lend Lease contribution to VicUrban`s development costs and the amounts that would be paid as a share of the sums that Lend Lease would make on its sale of the land were not part of the transfer consideration3. Parties should be required to continue to fulfill, as far as possible, their obligations under the development contract during the litigation process. In addition, the agreement should provide that no other charges or mortgages of any kind can be deposited or registered over the country without the prior written consent of the other party. With respect to the sale of UN, the parties should ensure that the sale price and all other funds payable under the agreement are properly structured to end unnecessary tax obligations. Development can be defined as land use; The subdivision of the country; Construction or demolition of a building; Carrying out work in the countryside use of land, buildings or onshore construction1. Development agreements are used to drive developments ranging from simple small housing units to projects as large and complex as the delivery of Barangaroo district. Market risk is the risk of an adverse change in market conditions between the implementation of the agreement and the date when the parties are able to start selling housing.

The agreement should contain a clause in which the parties set out the approach to unfavourable market conditions and whether, in such circumstances, the agreement is terminated or suspended. Since the relationship governed by a development agreement can last five years or more, the agreement should be developed in such a way as to avoid a deadlock where possible. Parties should examine and examine potential deadlock problems, such as planning risks. B, and include mechanisms and options in the agreement to avoid a deadlock. One of the common threads of the agreements is that the landowner retains some control over what is developing. The degree of control is variable in each agreement, with the landowner retaining a higher level of control for a DA sale and a lower level of control in a DA Service.