As reported in today’s Townsville Bulletin (State subsidy threat):

The Local Government Association said the Government had handed developers a concession and rates would likely rise by $60 a year because councils would have to borrow more money to cover infrastructure costs.

“The capping of the infrastructure charges in a perverse way will stifle development, not help it,” LGAQ acting chief executive Greg Hoffman told reporters. He said a similar cap failed in NSW.