(1) A planning authority proposing to enter into a planning agreement, or an
agreement that revokes or amends a planning agreement, must prepare a written
statement (referred to in this Division as an
"explanatory note" )--
(a) that summarises the objectives, nature and effect
of the proposed agreement, amendment or revocation, and
(b) that contains an
assessment of the merits of the proposed agreement, amendment or revocation,
including the impact (positive or negative) on the public or any relevant
section of the public.
(5) A copy of the explanatory note
must be exhibited with the copy of the proposed agreement, amendment or
revocation when it is made available for inspection by the public in
accordance with the Act.
(6) If a council is not a party to a
planning agreement that applies to the area of the council, a copy of the
explanatory note must be provided to the council when a copy of the agreement
is provided to the council under section 7.5(4) of the Act.