Formed January 2013 (2013-01) Founded 1975 | ||
Dissolved Land Commission of New South Wales Minister responsible Hon. Anthony Roberts MP,Minister for Planning and Minister for Housing | ||
UrbanGrowth NSW, the trading name of Landcom and previously known as the Land Commission of New South Wales, is a corporation owned by the Government of New South Wales with responsibility for government-funded property development in the state of New South Wales, Australia. The corporation acts as the master developer on complex urban transformation projects, which contain government land and support critical infrastructure and economic clusters.
Contents
- Great city thinkers roundtable talk govnews urbangrowth nsw future cities collaborative
- Corporate background
- References
The acting chief executive officer of the corporation is Michael Brodie who reports to a Board led by John Brogden AM, the non-executive Chairman. The Board is responsible to a portfolio minister, which is the Minister for Planning, presently the Hon. Anthony Roberts MP, and two shareholder ministers, the Treasurer, presently the Hon. Dominic Perrottet MP, and the Minister for Finance, Services and Property, presently the Hon. Victor Dominello MP.
Great city thinkers roundtable talk govnews urbangrowth nsw future cities collaborative
Corporate background
The Land Commission of New South Wales was established in 1975 following an election promise by Premier Wran to establish a government agency that would provide affordable, fully serviced land on the fringe of Sydney for purchase. The Commission played a leading role in the development of outer suburban areas of Sydney such as Campbelltown and Penrith since the late 1970s.
While the objective of Landcom was originally to enable the purchase of homes for those who would not otherwise be able to afford it, the objectives of the organisation changed and under its current structure it has a wider brief beyond Greater Metropolitan Sydney and operates according to market principles. Landcom was corporatised in 2002 and until 2013 it operated in much the same way as a private property developer on a for-profit basis. Landcom sold land in inner city areas within New South Wales and took part in joint ventures with private property developers.
In 2013, the functions of Landcom and the Sydney Metropolitan Development Authority were merged to form UrbanGrowth NSW, operating under the same legislation, with an expanded role in the provision of infrastructure for housing with greater powers for compulsory land acquisition, and a reduced role on whole land sale.