❓ A WA parliamentary question seeks details of the Swan Brewery site lease agreement with Bluegate Nominees, specifically the annual lease payments and any variations made by the Gallop Government. The Minister confirms the lease details and that no variations were made.
AnsweredQoN 387Legislative Council
QuestionView source ↗
(1) When the lease arrangements for the Swan Brewery site were agreed with Bluegate Nominees Pty Ltd by the Lawrence Government, what were the annual lease payments over the period of the lease? (2) Have these annual lease payments been varied by the Gallop Government; if so, what are the current annual lease payments for the period of the lease? Hon G.T. GIFFARD
AnswerView source ↗
I thank the member for some notice of this question. (1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
(2) Have these annual lease payments been varied by the Gallop Government; if so, what are the current annual lease payments for the period of the lease? Hon G.T. GIFFARD replied: I thank the member for some notice of this question. (1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
Hon G.T. GIFFARD replied: I thank the member for some notice of this question. (1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
I thank the member for some notice of this question. (1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
(1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
(b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(2) Have these annual lease payments been varied by the Gallop Government; if so, what are the current annual lease payments for the period of the lease? Hon G.T. GIFFARD replied: I thank the member for some notice of this question. (1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
Hon G.T. GIFFARD replied: I thank the member for some notice of this question. (1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
I thank the member for some notice of this question. (1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
(1) The period of the lease to Bluegate Nominees Pty Ltd over the Swan Brewery site is 65 years. Clause 11.1 of the lease requires the lessee to pay the lessor the following rents - (a) for the initial rental period of seven years, $7; (b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12. (2) No.
(b) during the second rental period of three years, an annual rental of $50 000; (c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(c) during the third rental period of five years, an annual rental of $80 000; (d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(d) during the fourth rental period of 10 years, an annual rental of $110 000; (e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(e) during the fifth rental period of five years, an annual rental of $140 000; and (f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
(f) during the final rental period of 35 years, an annual rental of 10 per cent of the net income for each rental year during that period, as determined in accordance with clause 12.
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