Development Bonds Policy

Adopted September 2025

The Development Bonds Policy is now adopted, following a Public Exhibition period of six weeks. During this time, we received no submissions, meaning the Policy is now considered adopted as exhibited.

This policy sets out rules for how bonds (a type of financial guarantee) are handled when development work affects current or future Council-owned assets. It applies to works typically required under a Development Consent – e.g., road upgrades and drainage works.

The purpose of the policy is to:

- Help Council manage the risks that come with new assets being built by developers or other third parties

- Establish clear guidelines for accepting financial bonds as security for works on public land by third parties

- Mitigate Council risk in case works are not completed or are substandard.

- Ensure new Council assets delivered by developers meet standards and are completed in a timely and cost-neutral manner.


Adopted September 2025

The Development Bonds Policy is now adopted, following a Public Exhibition period of six weeks. During this time, we received no submissions, meaning the Policy is now considered adopted as exhibited.

This policy sets out rules for how bonds (a type of financial guarantee) are handled when development work affects current or future Council-owned assets. It applies to works typically required under a Development Consent – e.g., road upgrades and drainage works.

The purpose of the policy is to:

- Help Council manage the risks that come with new assets being built by developers or other third parties

- Establish clear guidelines for accepting financial bonds as security for works on public land by third parties

- Mitigate Council risk in case works are not completed or are substandard.

- Ensure new Council assets delivered by developers meet standards and are completed in a timely and cost-neutral manner.