A development bond is a payment made by a developer to Council as a financial security to cover unfinished development of constructions works. This can allow for the early release of a survey plan.
A development bond does not include infrastructure charges security bonds. For more information please go to our Infrastructure charges page.
Reducing, releasing development bonds
Applicants can request the reduction or return of bonds by submitting a written request or email, outlining the reasons and providing full development details including:
- Council's Operational Works (OPW) Number
- real property description of development
- Council's bond reference number and bond amount; e.g. PERFOM/---, MTCSUB/---, UNCWKS/---
- guarantee details (if required)
- proof of payment (if required).
How to apply – bond assessment
The application process has 2 parts: bond assessment and bond lodgement.
Use this form to apply for the following bond types:
- uncompleted works
Fees may apply. If an application fee is required, you will be emailed a notice to pay. Application timeframes start on receipt of all correct documentation and payment. Refer to our Register of fees & charges for details.
Next steps – bond lodgement
Your application will be assessed within 10 business days of lodgement.
A letter of approval and a deed of agreement will be emailed to the applicant with instructions for completion, return of the agreements and how to make the bond payment. All correspondence will be addressed to the consulting engineer stated on the Bond Assessment application form.
Once the signed agreement has been returned to the City please allow up to 5 business days for processing of correctly lodged agreements and bond payment.