Thank you, Ian, for providing this valuable information regarding Conservation Agreements.
As you mentioned in your previous response, the older agreements under the NP&W Act were in perpetuity, whereas the newer agreements may not necessarily follow this pattern. Given this difference, I agree that it is prudent to verify the terms of each agreement to determine its duration and ensure that the exemption is applied appropriately. But how do we know or measure this under the new agreements. Therefore, I was thinking that perhaps the NSW Rating Professionals executives could provide further guidance to ensure we are correctly following the legislative requirements and steps surrounding these new conservation agreements.
I would greatly appreciate any insights or additional resources to confirm that we are adhering to best practices with these newer agreements or perhaps have this topic raised at the next conference.
