This page relates to the 2021-24 National Land Transport Programme.
Where a council collects betterment from landowners receiving value from improvement works under section 326 of the Local Government Act 1974, the proceeds of betterment shall be apportioned between Waka Kotahi NZ Transport Agency and the approved organisation (council) at the same rate of funding assistance for the improvement work.
Section 326 of the Local Government Act 1974 requires a council, under certain circumstances, to collect betterment from landowners receiving value from improvement works.
Local Government Act 1974(external link)
Betterment applies where:
The council shall then be paid the amount that exceeds the compensation.
Betterment also applies where:
Any betterment collected by a council shall be apportioned between Waka Kotahi and the approved organisation at the rate of funding assistance applying to the work in question and will be applied as supplementary funding against the cost of the road improvement work.
Legal and valuation costs incurred in establishing the financial value of betterment are not eligible for funding assistance.