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Those with a vested interest in the Queensland real estate market may be pleased to find out about the latest development concerning the sustainable planning 2009 regulations.
The change,which took effect earlier this month, aims to reduce the time it takes to get building approvals.
During a review of the Integrated Development Assessment System referral figures, the Department of Environment and Heritage Protection (EHP) found that the sustainable planning 2009 regulation was creating unnecessary delays to projects in the sunshine state.
Some of the main reasons that the EHP has been getting involved are due to issues relating to wetlands, conservation estates, cultural heritage and coastal management.
This is great news for people interested in commercial or residential property developments because it may reduce the time and money involved to get projects approved.
Previously the EHP would be contacted if the land was near wetlands, a conservation estate, near a Queensland heritage place, or situated in a coastal management district, which in turn would create more paperwork and delays to the regulation process.
Deputy premier and minister for state development, infrastructure and planning Jeff Seeney said the changes to the legislation is likely to reduce the number of referrals by 1,500 annually.
He said: "The referrals were mostly for agencies to provide advice only and were adding to the regulatory and cost burden for applicants (and) councils."
