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Latrobe City Council endorses Transition Reserve Policy to drive economic diversification, growth and long-term job creation

Latrobe City Council has endorsed a Transition Reserve Policy to support economic diversification, fund enabling infrastructure, attract new industries, and allocate future surpluses to drive long-term regional growth and jobs.

By news@gippsland - 26th November 2025 - Back to News

Latrobe City Council has unanimously endorsed the Latrobe City Council Transition Reserve Policy, strengthening Council's long-term commitment to supporting local economic diversification, new industry attraction and sustainable job creation.

Created in the 2024/25 Budget, the Transition Reserve now guides investment in infrastructure supporting economic growth, industry diversification and community transition

Transition reserve policy

Established in the 2024/25 Council Budget, the Transition Reserve was created to ensure dedicated funding to support the community through the economic impacts of the closure of the region's coal-fired power stations and state government changes to the native timber industry.

The newly endorsed Policy provides a clear framework for how Reserve funds will be prioritised and invested, with a focus on enabling infrastructure that drives long-term economic growth and supports emerging and expanding industries across the municipality.

Supporting economic transition

Latrobe City Council Mayor, Councillor Dale Harriman said Council is taking proactive, responsible and future-focused steps to ensure our community is supported through the most significant economic transition in a generation.

"The Transition Reserve will enable us to back infrastructure and partnerships that deliver real diversification and long-term jobs for Latrobe City. By consolidating existing reserves and allocating future surpluses, we are building the financial strength needed to secure new industries, attract investment and position Latrobe City as a region of opportunity."

"This Policy provides a clear and transparent framework for how funds will be deployed to support enabling infrastructure, business growth and the evolution of our economic base. It ensures disciplined governance and high public value from every dollar invested," said the Mayor.

Transition reserve funding

Under the Policy, 50 percent of any future annual budget surplus will be allocated to the Transition Reserve. In addition, the Council agreed to consolidate the Yallourn Transition Reserve - originally established to manage rate revenue reductions post the closure of Yallourn - into the Transition Reserve to strengthen its value and impact.

Council also reaffirmed that profits realised from land sales at the Gippsland Logistics and Manufacturing Precinct (GLaMP), above the cost of enabling infrastructure, will be directed into the Reserve to further support investment attraction. These additional allocations align with the Council Plan 2025 -2029, contributing directly to the delivery of Strategic Direction One - Our Economy - Invest, Jobs, Growth.

Pictures from Latrobe City Council Facebook page.

Source: www.gippsland.com

Published by: news@gippsland.com

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  Gippsland Water has completed a 1.5-kilometre Warragul sewer upgrade, increasing capacity, improving reliability, supporting population growth, and protecting the environment, including relocation of threatened local species during construction.
• Have your say on the 2027 transition to Pre-Prep and help shape early learning in South Gippsland
  South Gippsland Shire Council is seeking feedback from parents and carers to help shape how the Victorian government's 2027 Pre-Prep program is delivered locally to meet community needs.
• Gippsland showcases energy transition leadership to Australian Energy Infrastructure commissioner
  Gippsland showcased its clean energy transition during Australian Energy Infrastructure Commissioner Tony Mahar's three-day visit, highlighting coal, gas, wind, solar, storage, and community collaboration driving Victoria's evolving energy future.
• Baw Baw Shire appoints Sally Jones as acting CEO, leading council during temporary transition period
  Baw Baw Shire Council has appointed Ms Sally Jones as Acting CEO from 6 January to 3 February 2026, supporting leadership during CEO Tilla Buden’s medical leave.
• McIntosh Drive and Lake Guthridge footpath closed to protect Grey-headed Flying Foxes during extreme heat events
  Wellington Shire Council will close McIntosh Drive and Lake Guthridge footpath to protect Grey-headed Flying Foxes during extreme heat, reducing stress, ensuring safety, and allowing wildlife carers to assist vulnerable bats.
• East Gippsland drivers urged to follow parking limits this festive season to support local businesses
  East Gippsland Shire Council reminds drivers to follow festive season parking limits, ensuring accessibility, supporting local businesses, and avoiding fines, while respecting loading zones and disabled parking bays.
• East Gippsland residents invited to provide input on 2026‑27 Council budget, shaping services, projects, and community priorities
  East Gippsland residents can provide feedback on the 2026‑27 Council budget, helping shape priorities, services, projects, and capital works through surveys, community sessions, and ongoing consultations with councillors.
• Darren Chester welcomes Buchan Recreation Reserve redevelopment with pavilion, changerooms, community hub
  Darren Chester welcomed progress on the Buchan Recreation Reserve redevelopment, delivering a new pavilion and modern changerooms, with government funding and volunteers supporting a safer, more vibrant hub for sport and community activities.
• Danny O'Brien warns Labor is risking beachgoers safety by forcing councils, ratepayers to cover LSV funding shortfalls
  Danny O'Brien warns the Allan Labor government is forcing Gippsland councils and ratepayers to cover Life Saving Victoria shortfalls, risking reduced lifeguard patrols despite billions in new emergency services taxes.
• Labor government backs Moe's Ted Summerton Reserve upgrades with major investment in cricket, football and community facilities
  Works have begun on Moe's Ted Summerton Reserve, delivering oval upgrades, lighting, new changerooms, and improvements through the Regional Sports Infrastructure Program, boosting community sport, events, jobs, and local participation.
• Victoria’s scenic drive from Gippsland Lakes to Wangaratta through picturesque towns and alpine landscapes
  Travel Victoria’s iconic Great Alpine Road, winding from Gippsland Lakes to Wangaratta through lush spring landscapes, vibrant towns, roaring rivers and perfect camping weather - an unforgettable journey for adventurous travellers.
• Have your say on the draft Roadside and Footpath Trading Policy balance road access, submit by 28 September 2025
  Baw Baw Shire Council invites feedback on its Draft Roadside and Footpath Trading Policy, aiming to balance vibrant business activity with safe pedestrian access. Consultation runs 29 August - 28 September on Baw Baw Connect.
• Community feedback wanted on East Gippsland Draft Engagement Policy to strengthen participation in local decision-making
  East Gippsland Shire Council is seeking community feedback on its draft Community Engagement Policy, inviting input through surveys, drop-in sessions, and stakeholder consultation to strengthen participation in decision-making processes.
• Join the conversation and help shape South Gippsland and other council projects, programs and initiatives
  Join the conversation this spring! Share your ideas on South Gippsland's future through community consultations, including Pre-Prep, Draft Plans, Governance Rules, and the 2026/27 Budget.
• Danny O'Brien criticises Labor's fast-track renewable energy policy removing Gippslanders' right to appeal development decisions
  Danny O'Brien criticises Labor's fast-track renewable energy policy after Gelliondale Wind Farm reapplies, warning it removes Gippslanders' appeal rights, undermines safeguards, and threatens proper siting of turbines near homes.
• Darren Chester celebrates completion of $2M Swifts Creek Recreation Reserve redevelopment ahead of grand final
  Darren Chester welcomed the $2 million Swifts Creek Recreation Reserve redevelopment, delivering modern facilities, improved amenities, and new courts, officially opening September 6 as the community hosts its first grand final in 25 years.
• Gippsland’s growth at risk without urgent government investment in housing, infrastructure, warns One Gippsland Chair
  One Gippsland warns growth could stall without urgent investment in housing and infrastructure to support workforce, energy projects, and address social, affordable housing shortages across the region.
• Melina Bath condemns Allan government’s mismanaged renewable energy transition, as targets remain unachievable
  Three Gippsland offshore wind projects have collapsed and a fourth stalled, with Nationals’ Melina Bath criticising the Allan government’s mismanagement of Victoria’s renewable energy transition and rising energy insecurity.
• Martin Cameron demands action as data reveals dangerous one-star safety ratings on Latrobe Valley roads
  Nationals MP Martin Cameron has condemned the poor safety of Latrobe Valley roads, after state data revealed many key routes rated one or two stars, demanding urgent government action.
• Darren Chester welcomes nearing completion of $2.2M Ensay Recreation Reserve redevelopment project
  Darren Chester welcomed nearing completion of the $2.2 million Ensay Recreation Reserve redevelopment, praising community volunteers. The project delivers modern facilities, boosting sport, tourism, resilience, and connections.
• Kay Street Car Park construction progressing smoothly, delivering major new parking capacity for Traralgon CBD by 2026
  Construction of Traralgon’s five-level Kay Street Car Park is progressing on schedule for mid-2026, delivering 430 new CBD spaces and supporting local businesses, accessibility, and future regional growth.
• Cape Paterson Traffic Plan adopted to improve safety through community-driven road and pedestrian upgrades
  Bass Coast Shire Council has adopted the Cape Paterson Traffic Management Plan, developed with strong community input to improve safety through speed reductions, traffic calming, better intersections, and pedestrian-cyclist connectivity.
• Martin Cameron slams Energy Minister D'Ambrosio's false claims on power prices and jobs in Latrobe Valley
  Nationals MP Martin Cameron condemned Energy Minister Lily D'Ambrosio's claims of delivering for Latrobe Valley, citing soaring power prices, weak jobs growth, and neglect of residents during Victoria's energy transition.
• Martin Cameron slams Labor’s delayed Loy Yang rehabilitation plan, calling it tone-deaf and ignoring immediate Latrobe Valley job losses
  Morwell MP Martin Cameron criticises Labor’s delayed Loy Yang rehabilitation plan, calling it tone-deaf, failing to provide immediate jobs or industry support for the Latrobe Valley amid coal power closures.
• Have Your Say on Wonthaggi structure plan review aiming to guide growth, community needs and opportunities
  Bass Coast Shire Council is reviewing the Wonthaggi Structure Plan. Have your say on the town's growth, housing, jobs, heritage, and future opportunities to help shape Wonthaggi as Bass Coast regional hub.
• East Gippsland Shire invites community feedback on draft Open Space Strategy to protect parks, reserves and waterways
  East Gippsland Shire Council is seeking community feedback on its draft Open Space Strategy, a long-term plan to improve parks, reserves, trails, and waterways, with consultation open until 1 October 2025.
• Cr Nathan Hersey elected as Mayor and Cr Brad Snell as Deputy Mayor for South Gippsland and other council updates
  Councillor Nathan Hersey was elected Mayor and Councillor Brad Snell Deputy Mayor of South Gippsland Shire for 12 months, marking Hersey’s second and Snell’s first term in these roles.
• Celebrate South Gippsland Eat Drink Play Festival and other council updates
  Eat Drink Play Gippsland returns to Leongatha's Railway Precinct, celebrating local food, drink, and music with family fun, tastings, live entertainment, and community spirit. Tickets are selling fast - don't miss out!
• South Gippsland Australia Day photography competition success and other council updates
  South Gippsland updates: Australia Day photo winners announced, Summerfield Oval renamed, immunisation sessions extended, community events, workshops, youth strategy consultation, and Council job opportunities available.
• Melina Bath appointed Shadow Minister for Outdoor Recreation, championing regional lifestyles and economic opportunities
  Melina Bath has been appointed Shadow Minister for Outdoor Recreation, pledging to champion outdoor access, community wellbeing, and the vital economic and lifestyle benefits outdoor activities bring to regional Victoria.
• Gippsland Water begins Warragul wastewater plant upgrade to support growth, improve efficiency, and reduce environmental impact
  Gippsland Water has begun a two-year Warragul wastewater plant upgrade, replacing ageing infrastructure, improving operations, reducing carbon emissions, and enhancing environmental outcomes to support rapid regional growth.
• East Gippsland Business Support Voucher Program boosts small businesses through tailored mentoring and strategic growth guidance
  Orbost Snowy River Cycling benefited from East Gippsland Council Business Support Voucher Program, receiving tailored mentoring that strengthened business planning, resilience, and growth, enabling expansion and long-term success in the region.
• Victorian Auditor-General warns Gippsland faces energy insecurity amid Labor’s mismanaged renewable energy transition
  Victorian Auditor-General warns Gippsland faces energy insecurity as Labor mismanages the renewable energy transition, delaying projects, electricity reliability, raising prices, causing gas shortages, and threatening jobs and households.
• South Gippsland Remembrance Day services to be held in various locations and other council updates
  South Gippsland marks Remembrance Day on 11 November with local services honouring veterans. Plus, free green waste disposal, festive giving initiatives, business support, community events, and engagement opportunities across the region this spring.
• Bass Coast secures long-term protection for distinctive landscapes and Western Port Woodlands
  Bass Coast Shire Council welcomes the Bass Coast Statement of Planning Policy, securing long-term protections for 24 townships, distinctive landscapes, and the Western Port Woodlands while guiding sustainable future growth.
• Martin Cameron says new emergency services tax replaces fire levy, adding enormous pressure to struggling small businesses
  Latrobe Valley small businesses face soaring costs as Labor's new Emergency Services Tax replaces the Fire Services Levy, with Nationals warning it punishes regional communities and fuels insolvencies amid financial mismanagement.
• Martin Cameron says Yallourn job cuts devastate workers and mark first blow in Power Station closure
  Up to 40 Yallourn Power Station jobs will be cut by 2025, sparking concern from Martin Cameron over Labor's failure to support the Latrobe Valley through the energy transition.
• From Job expos to farms and sports awards connecting communities across East Gippsland through events and advocacy
  From jobs expos to farm visits, sports awards, and community projects, recent weeks highlighted East Gippsland's talent, resilience, and collaboration, advocacy, and opportunities that strengthen local communities.
• Baw Baw Shire to host community barbecues supporting farmers through 'Look Over the Farm Gate' grants
  Baw Baw Shire Council will host five community barbecues supporting farmers' wellbeing through Look Over the Farm Gate grants, offering connection, resources, and mental health support amid ongoing dry conditions.
• Bass Coast Christmas Giving Trees set up to support local families in need this festive season
  Bass Coast Shire Council’s Christmas Giving Trees are collecting gifts, gift cards, and food to support local families, with donations accepted at Customer Service Centres until early December.
• Martin Cameron says Labor fails on crime, wasting millions on machete bins instead of protecting Gippsland
  Crime in Latrobe has surged under Labor, with Moe incidents up 26% and retail theft 65%. Nationals' Martin Cameron says only their Safer Communities Plan will restore safety.
• Stewart Road Bridge reconstruction in Kernot approved, $1.768M federal funding restores vital community infrastructure
  Bass Coast Council’s Stewart Road Bridge reconstruction in Kernot approved, receiving $1.768 million federal funding, restoring safe access, supporting local residents, industry, emergency services, with tendering expected early 2026.
• Second round of South Gippsland community grants now open, with drop-in support sessions in various dates and locations
  South Gippsland Shire Council’s second round of community grants is open until 31 March 2026, with seven drop-in sessions available to assist local clubs and groups with applications.
• Second round of South Gippsland community grants now open, with drop-in support sessions in various dates and locations
  South Gippsland Shire Council’s second round of community grants is open until 31 March 2026, with seven drop-in sessions available to assist local clubs and groups with applications.
• New drinking fountains installed in Sale and Briagolong Parks to promote health, sustainability and community wellbeing
  Gippsland Water and Wellington Shire Council have installed two new drinking fountains in Sale and Briagolong, promoting health, sustainability, and reusable bottles. Featuring artwork by Gunai artist Alice Pepper, they support community wellbeing.
• New drinking fountains installed in Sale and Briagolong Parks to promote health, sustainability and community wellbeing
  Gippsland Water and Wellington Shire Council have installed two new drinking fountains in Sale and Briagolong, promoting health, sustainability, and reusable bottles. Featuring artwork by Gunai artist Alice Pepper, they support community wellbeing.
• Shop Local in South Gippsland to strengthen community, support jobs, and keeping our economy thriving together everyday
  Shopping locally in South Gippsland strengthens our economy, supports jobs, services, and community groups. Every dollar spent locally multiplies impact, with increased spending boosting growth by millions annually. Shop Local South Gippsland.
• Darren Chester congratulates Infusa Distillery founders for showcasing Gippsland's produce, driving growth in local food and beverage industry
  Darren Chester congratulated Infusa Distillery founders Stu and Jo Taylor for their award-winning spirits, local partnerships, and contribution to Gippsland's food and beverage industry, praising their innovation, growth, and regional pride.
• Darren Chester praises volunteers powering Traralgon International’s global success, showcasing Gippsland worldwide tennis event
  Federal MP Darren Chester has praised Latrobe Valley volunteers for driving the success of the Traralgon International, highlighting their dedication, community pride and vital role in showcasing Gippsland globally.
• Join South Gippsland Shire '16 Days of Activism' event with the theme 'Walk Against Family Violence' on
  Join Council's Walk Against Family Violence on 26 November in Leongatha. Wear orange, take part in the Respect photo pop-up, and support the 16 Days of Activism campaign.
• Applications for Baw Baw Shire Arts and Culture with grants up to $2,000 is now open until 8 February 2026
  Baw Baw Shire Council is offering grants up to $2,000 for local artists and creatives, supporting community-focused arts projects, collaboration and creative development, with applications open until 8 February 2026.
• Bass Coast launches energy resilient hubs and emergency dashboard to strengthen community preparedness and recovery
  Bass Coast Shire Council has launched Energy Resilient Community Hubs and an Emergency Dashboard to boost preparedness, strengthen local resilience, and keep communities safe, connected, and supported during emergencies and power outages.
• East Gippsland community invited to provide feedback on Lakes Entrance Summer Carnival foreshore location and improvements
  East Gippsland Council invites community feedback on continuing the Lakes Entrance Summer Carnival at its foreshore location, seeking ideas on layout, activities, accessibility, and improvements for future planning and safety.
• Independent Safety Assessment Contract awarded for Bairnsdale Outdoor Pool, ensuring community safety, and facility compliance
  East Gippsland Council has awarded a contract for an independent Bairnsdale Outdoor Pool safety assessment, reviewing facility condition, risks, compliance, and required upgrades while the pool remains closed.
• Bass Coast wins National AustStab Award for sustainable road recycling and innovative rehabilitation
  Bass Coast Shire Council won the 2025 AustStab Award for Excellence for pioneering road recycling methods, cutting emissions by 85%, truck movements by 80%, and delivering faster, more sustainable, durable roads with less disruption.
• Union Theatre Wonthaggi HVAC upgrade begins, ensuring comfort, reliability, and long-term operation for the community
  Bass Coast Shire Council is upgrading Wonthaggi’s Union Theatre HVAC system, ensuring comfort, reliability, and future-proofing the historic venue, with works valued at $899,000 and expected completion by 20 March 2026.
• East Gippsland Shire backs $15M Bairnsdale Airport upgrade to boost emergency response and healthcare services regionally
  East Gippsland Shire Council has backed a $15 million Bairnsdale Airport upgrade, extending the runway to boost emergency response, healthcare services, and regional aviation, supported by government funding and health agencies.
• Have your say on East Gippsland public toilets review until 9 February 2026
  East Gippsland Shire Council invites residents and visitors to share feedback on Council-managed public toilets, helping improve cleanliness, accessibility, and maintenance through its Public Amenities Service Review, open until February 2026.
• Free visitor information materials help East Gippsland businesses guide visitors quickly and easily summer
  East Gippsland Shire Council is providing free QR-code posters, stickers and magnets to help businesses quickly connect visitors with maps, attractions, events and essential information via the Visit East Gippsland website.
• East Gippsland Shire adopts fairer Raymond Island Ferry pass system, replacing portable passes with vehicle stickers from 2026/27
  East Gippsland Shire Council will replace Raymond Island Ferry portable passes with vehicle stickers by 2026/27, introducing fairer allocations for residents and tenants, with interim free pass improvements effective immediately.
• East Gippsland opens nominations for 2026 Australia Day Awards recognising outstanding community contributions and achievements
  East Gippsland Shire Council invites nominations for the 2026 Australia Day Awards, recognising individuals, groups, and events for outstanding community contributions in volunteering, sport, arts, environment, and service.
• Bairnsdale Nicholson Street Mall set for revitalisation with investor support, safety measures, and redevelopment plans
  Bairnsdale Nicholson Street Mall holds redevelopment potential, with council pursuing funding, investor support, and short-term activations while addressing anti-social behaviour and ensuring safety for traders and the community.
• Danny O'Brien commends South Gippsland Shire for securing Nyora transport study funding, urges further state investment
  Danny O'Brien has praised South Gippsland Shire Council for securing state funding for the Nyora Transport Study, urging the Allan Labor Government to follow through with real investment and road upgrades.
• Tim Bull urges state government to fund Surf Life Saving, preventing East Gippsland ratepayers covering government shortfalls
  Gippsland East MP Tim Bull urges state government to fund Surf Life Saving Victoria, warning councils face doubled contributions while new Emergency Services levy strains East Gippsland and Wellington budgets.
• Danny O’Brien condemns sudden AKD Yarram timber mill closure, 73 jobs lost, pledges support for affected community
  Gippsland South MP Danny O’Brien says sudden AKD Yarram timber mill closure, costing 73 jobs, devastates the community, pledging support for affected families, workers, and local businesses during this crisis.
• East Gippsland Agricultural Sector Advisory Committee welcomes new members to strengthen engagement with farming
  East Gippsland's Agricultural Sector Advisory Committee welcomed new members, enhancing council's connection with farming communities while tackling key priorities like renewable energy, drought resilience, mental health, and pest animal challenges.
• Future of Orbost Project strengthens water access, supporting agricultural innovation and long-term regional growth
  The Future of Orbost Project supports farmers by clarifying water availability, facilitating licence transfers, and building resilience, driving innovation, productivity, diversification, and sustainable long-term growth in East Gippsland.
• Martin Cameron criticises Labor’s ensured failure by hastening coal plant closures without planning baseload power replacements
  The Victorian Auditor-General warns a "disorderly energy transition" could cause power shortages, soaring prices, and job losses, with Labor’s accelerated coal closures and mismanaged renewable planning worsening the crisis.