❓ Question regarding Landcorp's decision to bypass tender process for Lot 676 Pretty Pool transfer to Port Hedland Development Fund, and the Minister's role in the matter. The answer defends the decision based on expediting housing supply and denies any involvement of Andrew Forrest.
AnsweredQoN 6032Legislative Assembly
QuestionView source ↗
In reference to the Minister’s response to Question on Notice No. 5627 asked on 25 May 2011 and answered on 10 August 2011 regarding Lot 676 Pretty Pool:
(a) for what reason did Landcorp elect to ratify the transfer of this lot to Port Hedland Development Fund No. 8 Pty Ltd which bypassed the required tender process in direct contravention of the original sale contract;
(b) why did Landcorp not insist on the sales contract being honoured;
(c) what specific arrangements were made with Andrew Forrest during the negotiation of this transfer; and
(d) will the Minister detail the role he played in relation to this matter?
(a) for what reason did Landcorp elect to ratify the transfer of this lot to Port Hedland Development Fund No. 8 Pty Ltd which bypassed the required tender process in direct contravention of the original sale contract;
(b) why did Landcorp not insist on the sales contract being honoured;
(c) what specific arrangements were made with Andrew Forrest during the negotiation of this transfer; and
(d) will the Minister detail the role he played in relation to this matter?
AnswerView source ↗
Answered
27 September 2011
Responded by
Minister for Regional Development
Response time
28 days
(a) In order to expedite housing supply, the change of beneficial ownership of Lot 676 was approved on the basis that the Port Hedland Development Fund No. 8 Pty Ltd (PHDF) had building approvals, plans and a building contract in place to commence construction immediately, and complete the 60 unit development within 12-15 months. It was also a condition that no speculative profit was made by either party as a result of the transfer. These actions were not in contravention of the terms of the original sales contract.
(b) If LandCorp had repurchased the site from PHDF, it could have taken at least 12 months for a new buyer to be in a position to commence construction, which would have delayed delivery of urgently required high quality accommodation in Port Hedland.
(c) None.
(d) LandCorp administered this matter in accordance with its legislation.
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(b) If LandCorp had repurchased the site from PHDF, it could have taken at least 12 months for a new buyer to be in a position to commence construction, which would have delayed delivery of urgently required high quality accommodation in Port Hedland.
(c) None.
(d) LandCorp administered this matter in accordance with its legislation.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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