This website https://www.ipcn.nsw.gov.au/news/2022/04/ipc-case-processing-times-march-2022 reveals:
As at 31 March 2022, the Independent Planning Commission ( hereafter called the "IPC" ) is *ahead* on its timeframe KPIs for all case types:
Routine determinations: 28 days
Determinations subject to a public meeting: 46 days
Determinations subject to a public hearing: 67 days
How does the IPC consider community views in its decisions?
First, they need to gather community views which are done in various ways.They have public submissions from the time the Department of Planning and Environment (DPE) puts the project on exhibition (and the applicant’s Response to Submissions). That’s one source of community views.
Then after the DPE sends the assessment report to IPC, they hold a public hearing *if instructed to do so by the Minister for Planning, or *make a decision on whether to hold a public meeting or not. And the IPC calls for submissions, particularly asking that they address the issues raised in the assessment report from DPE including comments on any proposed conditions.
How does the IPC exercise its functions separately from DPE and the Minister?
In the NSW planning system, there are several consent authorities. The IPC is the consent authority for State significant development ( SSD ) applications where the following apply:
1. there are 50 or more unique public objections to the SSD application; and/or
2. the Applicant has made a reportable political donations disclosure; and/or
3. the local Council has objected to the SSD application and has not rescinded that objection following exhibition.
That is, when *one or more of these conditions apply,*only the IPC can determine the matter. ( obviously the process so far has generated in excess of "50 or more unique public objections" so it's off to the IPC we go! )
Note: on behalf of the IPC, DPE does the preliminary work on SSD ( State Significant Development ) applications; *exhibiting the applications, *calling for submissions, *commissioning expert reports, and bringing all this together in an *assessment report to *inform the work of the IPC in determining the application.
Once an assessment report is ready, the application is referred to the IPC. They are the final arbiters.
From my experience in planning matters this all makes sense. Remember, the public submissions have an important bearing; they slow up the process by having the applicant respond to objections. This is in addition to legislative requirements such as Environmental considerations.
SVL will only be approved if the IPC see the overall value of the proposal and there's no public hearings/meetings that further hold up the decision making process by the IPC *if* they ask for public hearings/meetings. That's not a given, but it's something the IPC Commisioners will decide when they get the assessment report from DPE.
We will only know that when the DPE sign off on their whole assessment report, and hand it over to the IPC. ( Maybe by late December as the comment by Clive5 suggests )
Then it's all up to the IPC. Currently, there are 18 Commissioners who will be deliberating on the decision to approve SVL. The current chair is Professor Mary O’Kane.
If the public get involved as in the IPC conducting public "hearings/meetings" it won't be a "Routine Determination of 28 days" It will be either 46 days; or 67 days!
Does it matter if it's approved February March or April 2023, if silver is 100+ USD?
It will be approved. There's too much at stake in terms of capital expediture and time invested by the Company; and being a SSD the NSW government will be looking for their "coffers to be filled with silver" in taxes!
The "when" of approval is not nearly as important as the price of silver, no matter the reason for the price going ballistic. It's all about the price. Nothing matters but the price. All the hand-wringing and poking through the entrails of a chicken to find clues or ally fears is for nothing.
So sit back, relax, lie on beach somewhere, and rest easy in the knowledge that your decision, and your patience, will pay off in spades. Silver spades!
And when the time does come to sell, as the shares are on a parabolic trajectory, that's a much harder choice than when to buy!
(20min delay)