Developing Fishermans Bend

We plan to determine whether responsible agencies are effectively delivering the Fishermans Bend Framework. 

Why this is important

Fishermans Bend is Australia’s largest urban renewal project. 

The Victorian Government plans to transform this former industrial area, which is twice the size of Melbourne’s CBD, into mixed-use development to support the city's future growth. 

After the Victorian Government announced in 2012 that it was rezoning Fishermans Bend for urban development, the proposal was subject to considerable criticism. 

Given the scale of development and its potential economic and environmental impact, it is important that the government can assure the public that the project will achieve its intended outcomes. 

In 2018 the government endorsed the Fishermans Bend Framework to guide the project's planning and development. 

It also set up the Fishermans Bend Development Board and Fishermans Bend Taskforce. 

In 2021 it announced a $179.4 million investment in the Fishermans Bend Innovation Precinct. 

Fishermans Bend is expected to be complete in 2050.

What we plan to examine

This is a reasonable assurance performance audit. 

We will examine if relevant state agencies are effectively: 

• managing the planning and early development of Fishermans Bend 
• delivering the framework’s objectives and targets. 

Who we plan to examine

DPC, DTP, City of Melbourne, City of Port Phillip and Development Victoria

Timeframe

2023‒24

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