Rebates to unlock large scale subdivision work on King Island

Overview

The program supports the delivery of new land to market on King Island by helping to cover the costs of development.

Rebates of up to $25,000 per lot are available to developers to help cover the cost of labour, materials, freight, road infrastructure and utility connections. Rebates can be claimed for a maximum of 12 lots per developer.

Approved applicants can elect to be paid in instalments to assist with their cash flow. At the time of application, the applicant must have already incurred and paid in full at least $5,000 of eligible costs per lot.

Claimed lots must be brought to market within 18 months of the date the grant funding agreement is signed.