❓ Hon. Darren West questions the Minister for Regional Development regarding the sale of Ord stage 2 land to Kimberley Agricultural Investment (KAI), specifically concerning land valuations, sale price, and conditions.
AnsweredQoN 246Legislative Council
QuestionView source ↗
KIMBERLEY AGRICULTURAL INVESTMENT PTY LTD —
ORD STAGE 2 LAND SALE
246. Hon DARREN WEST to the minister
representing the Minister for Regional Development:
I refer to the sale of Ord stage 2
land to Kimberley Agricultural Investment.
(1) Were any
valuations conducted on the value of the land to be sold to KAI between
November 2012 and December 2015?
(2) If yes to (1), what were those
valuations?
(3) What is the price of the land
that is to be sold to KAI?
(4) Is the sale of land to KAI
subject to any conditions; and, if so, what are those conditions?
ORD STAGE 2 LAND SALE
246. Hon DARREN WEST to the minister
representing the Minister for Regional Development:
I refer to the sale of Ord stage 2
land to Kimberley Agricultural Investment.
(1) Were any
valuations conducted on the value of the land to be sold to KAI between
November 2012 and December 2015?
(2) If yes to (1), what were those
valuations?
(3) What is the price of the land
that is to be sold to KAI?
(4) Is the sale of land to KAI
subject to any conditions; and, if so, what are those conditions?
AnswerView source ↗
I thank the member for some notice of the question. On behalf of the
Minister for Regional Development —
(1) Yes.
(2) As of July
2015, the land was valued at $5 122 108 for the Goomig lands, and $60 000 for
the Knox lands.
(3) KAI has an
option to enter into a development lease for the Goomig lands that converts to
a 50-year long-term lease once development conditions have been satisfied. KAI
also has an option to purchase the Knox lands at the completion of the
development at a yet-to-be-agreed price.
(4) In order to
exercise its option for a long-term lease on the Goomig lands or the freehold
Knox lands, the land needs to be fully developed and operational to the
satisfaction of the government.
Minister for Regional Development —
(1) Yes.
(2) As of July
2015, the land was valued at $5 122 108 for the Goomig lands, and $60 000 for
the Knox lands.
(3) KAI has an
option to enter into a development lease for the Goomig lands that converts to
a 50-year long-term lease once development conditions have been satisfied. KAI
also has an option to purchase the Knox lands at the completion of the
development at a yet-to-be-agreed price.
(4) In order to
exercise its option for a long-term lease on the Goomig lands or the freehold
Knox lands, the land needs to be fully developed and operational to the
satisfaction of the government.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.