Moorebank Voluntary Acquisition Scheme involves progressive acquisition of homes located in the Moorebank floodway area of the Georges River in the vicinity of Rickard Road and Newbridge Road. Liverpool Council is gradually acquiring these homes with financial support provided through Department of Planning and Environment. After Acquisition, homes are removed from the property and the land restored to open space or other flood compatible uses. The scheme originated from a flood study by the Public Works Department in the 1980's. The study identified the area as one of the worst floodway in New South Wales. Removal of all development from floodway, through a voluntary acquisition scheme was seen as the only appropriate solution for the area. Scheme commenced in 1984, and it continued today. Council has identified properties for Acquisition. A total of 123 properties have been purchased and 52 properties remained to be purchased.

This project involved the purchase of 47 Rickard Road Chipping Norton under the scheme providing purchase related documentation and mapping.