Mr. Hyde questions the net return to the government on land sales within the Subi Centro project, given a $200 million investment. The answer refers to the Subiaco Redevelopment Authority's net assets of $41 million as of June 2011.

AnsweredQoN 7109Legislative Assembly
Asked
21 February 2012
Portfolio
Planning

QuestionView source ↗

In relation to the Subi Centro project and the Minister’s media release on 14 December 2011 stating that the Government had invested $200 million into the project, I ask, what is the net return to Government on sales of Government owned land within the 80 hectares of the Subi Centro project?

AnswerView source ↗

Answered
19 March 2012
Responded by
Minister for Planning
Response time
27 days
The most recent audited financial statements for the now abolished Subiaco Redevelopment Authority are for the period of 30 June 2011.  They reflect net assets of $41million, generated from the redevelopment of the Subi Centro project to date.
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