❓ Hon. Neil Thomson questions the Minister for Finance regarding transparency in the sale of the Landgate building, citing an Auditor General's report. The Minister provides some information, correcting a date and providing valuation details.
AnsweredQoN 195Legislative Council
QuestionView source ↗
LANDGATE OFFICES — SALE
195. Hon NEIL THOMSON to the Minister for Finance:
I refer to the Auditor General's
opinion of 8 March which said that the failure to provide me with information regarding the matter of stamp duty payable on the
sale of the Landgate building in Midland was, I quote, ''not reasonable and therefore not appropriate''. In view of this finding, will the
minister provide complete transparency on the sale transaction and table
supporting documentation, including —
(a) the value for money assessment by the Auditor
General in the report of 22 December 2022 , Financial audit results:
State government 2021–22 ;
(b) the valuation of the Landgate building undertaken
by McGees Property dated 1 December 2020; and
(c) any other valuations undertaken
by the state to assess the sale price for the March 2022 sale?
195. Hon NEIL THOMSON to the Minister for Finance:
I refer to the Auditor General's
opinion of 8 March which said that the failure to provide me with information regarding the matter of stamp duty payable on the
sale of the Landgate building in Midland was, I quote, ''not reasonable and therefore not appropriate''. In view of this finding, will the
minister provide complete transparency on the sale transaction and table
supporting documentation, including —
(a) the value for money assessment by the Auditor
General in the report of 22 December 2022 , Financial audit results:
State government 2021–22 ;
(b) the valuation of the Landgate building undertaken
by McGees Property dated 1 December 2020; and
(c) any other valuations undertaken
by the state to assess the sale price for the March 2022 sale?
AnswerView source ↗
I thank the honourable member for
some notice of the question. It is a good thing Hansard gets a written copy of
the question and the answer!
(a) It has been
repeatedly highlighted that the outcome of this problem and opportunity
statement is an excellent result for
government resulting in expected avoided costs of $12 million in net present terms over the life of the lease.
(b) There was no valuation dated 1 December
2020.
(c) The
independent valuation on March 2021 valued the building at $17.99 million.
Following negotiations with the purchaser, the agreed sale price was $17.33 million,
allowing for some rectification works to be undertaken with the ground floor
slab.
some notice of the question. It is a good thing Hansard gets a written copy of
the question and the answer!
(a) It has been
repeatedly highlighted that the outcome of this problem and opportunity
statement is an excellent result for
government resulting in expected avoided costs of $12 million in net present terms over the life of the lease.
(b) There was no valuation dated 1 December
2020.
(c) The
independent valuation on March 2021 valued the building at $17.99 million.
Following negotiations with the purchaser, the agreed sale price was $17.33 million,
allowing for some rectification works to be undertaken with the ground floor
slab.
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