Hon Nigel Hallett questions the Minister for the South West regarding a significant loss incurred by the South West Development Commission on a land sale to the Bunbury Port Authority. The Minister, Hon Kim Chance, defers answering, citing insufficient information and the need to consult with Treasury.

AnsweredQoN 1033Legislative Council
Asked
12 November 2007
Portfolio
South West

QuestionView source ↗

SOUTH WEST DEVELOPMENT COMMISSION ANNUAL REPORT 1033. Hon NIGEL HALLETT to the Leader of the House representing the Minister for the South West: Page 62 of the annual report for 2006-07 of the South West Development Commission shows the disposal of land valued by the Western Australian Land Information Authority’s valuation services at $1 025 000 at 1 July 2006. Page 59 of the annual report shows the proceeds to be $501 000, creating a loss in the accounts of $524 000. Page 68 of the annual report states that the loss is “associated with the sale of land to the Bunbury Port Authority”. (1) Will the minister please explain what happened between 1 July 2006 and the sale date to reduce the value of the land by more than half? (2) If the land was sold undervalue, why is this the case? Hon KIM CHANCE

AnswerView source ↗

I thank Hon Nigel Hallett for providing some notice of the question. The information required is not available in the time available. I ask the honourable member to place that question on notice. The government will have to go back to Treasury to determine the answer.
SOUTH WEST DEVELOPMENT COMMISSION ANNUAL REPORT
Page 62 of the annual report for 2006-07 of the South West Development Commission shows the disposal of land valued by the Western Australian Land Information Authority’s valuation services at $1 025 000 at 1 July 2006. Page 59 of the annual report shows the proceeds to be $501 000, creating a loss in the accounts of $524 000. Page 68 of the annual report states that the loss is “associated with the sale of land to the Bunbury Port Authority”. (1) Will the minister please explain what happened between 1 July 2006 and the sale date to reduce the value of the land by more than half? (2) If the land was sold undervalue, why is this the case? Hon KIM CHANCE replied: I thank Hon Nigel Hallett for providing some notice of the question. The information required is not available in the time available. I ask the honourable member to place that question on notice. The government will have to go back to Treasury to determine the answer.
(1) Will the minister please explain what happened between 1 July 2006 and the sale date to reduce the value of the land by more than half? (2) If the land was sold undervalue, why is this the case? Hon KIM CHANCE replied: I thank Hon Nigel Hallett for providing some notice of the question. The information required is not available in the time available. I ask the honourable member to place that question on notice. The government will have to go back to Treasury to determine the answer.
(2) If the land was sold undervalue, why is this the case? Hon KIM CHANCE replied: I thank Hon Nigel Hallett for providing some notice of the question. The information required is not available in the time available. I ask the honourable member to place that question on notice. The government will have to go back to Treasury to determine the answer.
Hon KIM CHANCE replied: I thank Hon Nigel Hallett for providing some notice of the question. The information required is not available in the time available. I ask the honourable member to place that question on notice. The government will have to go back to Treasury to determine the answer.
I thank Hon Nigel Hallett for providing some notice of the question. The information required is not available in the time available. I ask the honourable member to place that question on notice. The government will have to go back to Treasury to determine the answer.

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