❓ WA Parliamentary Question on Notice regarding asset sales greater than $500,000 by various government agencies since February 2001. Several agencies report no sales, while others detail specific property sales, revenue, and associated costs.
AnsweredQoN 839Legislative Assembly
Asked
25 February 2003
Member
Portfolio
Racing and Gaming; Government Enterprises; Goldfields-Esperance
QuestionView source ↗
(b) the date of sale; (c) the nature of the sale and name of the buyer; (d) any associated revenue from the sale, such as stamp duty; (e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(c) the nature of the sale and name of the buyer; (d) any associated revenue from the sale, such as stamp duty; (e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(d) any associated revenue from the sale, such as stamp duty; (e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(f) any associated costs incurred in the process of the sale?
(a) No assets have been sold for a sale price of $500,000 or greater since February 2001. (b) Not applicable. (c) Not applicable. (d) Not applicable. (e) Not applicable. (f) Not applicable. GOLDFIELDS-ESPERANCE DEVELOPMENT COMMISSION (a) to (f) NIL GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (a) 10 Kings Park Road – investment property (b) 1st July 2002 (c) The GESB's approved investment strategy is to divest all direct property assets from the portfolio. The property was sold as part of that strategy. The buyer was Professional Funds Management Pty Ltd (d) No other associated revenue from the sale. The purchaser would have incurred additional fees but these are not available to the Board as the seller. (e) Funds were reinvested into alternative investment assets (f) Costs in relation to the sale of 10 Kings Park Road inclusive of GST: - Agents selling fee: $60,000; - Legal fees: $5,568; and - Marketing costs: $26,622.47 With respect to other investment assets, it is not practical to provide an answer. As a financial institution, the Board is continually trading assets valued in excess of $500,000 in the ordinary course of its investment operations. The bulk of these assets include equities and fixed interest securities, which are traded by both the Board's Investment Division and its external managers (domestic and international). It would be extremely difficult to extract the information required from all sources. INSURANCE COMMISSION (a) – (f) With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government. LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
GOLDFIELDS-ESPERANCE DEVELOPMENT COMMISSION (a) to (f) NIL GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (a) 10 Kings Park Road – investment property (b) 1st July 2002 (c) The GESB's approved investment strategy is to divest all direct property assets from the portfolio. The property was sold as part of that strategy. The buyer was Professional Funds Management Pty Ltd (d) No other associated revenue from the sale. The purchaser would have incurred additional fees but these are not available to the Board as the seller. (e) Funds were reinvested into alternative investment assets (f) Costs in relation to the sale of 10 Kings Park Road inclusive of GST: - Agents selling fee: $60,000; - Legal fees: $5,568; and - Marketing costs: $26,622.47 With respect to other investment assets, it is not practical to provide an answer. As a financial institution, the Board is continually trading assets valued in excess of $500,000 in the ordinary course of its investment operations. The bulk of these assets include equities and fixed interest securities, which are traded by both the Board's Investment Division and its external managers (domestic and international). It would be extremely difficult to extract the information required from all sources. INSURANCE COMMISSION (a) – (f) With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government. LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (a) 10 Kings Park Road – investment property (b) 1st July 2002 (c) The GESB's approved investment strategy is to divest all direct property assets from the portfolio. The property was sold as part of that strategy. The buyer was Professional Funds Management Pty Ltd (d) No other associated revenue from the sale. The purchaser would have incurred additional fees but these are not available to the Board as the seller. (e) Funds were reinvested into alternative investment assets (f) Costs in relation to the sale of 10 Kings Park Road inclusive of GST: - Agents selling fee: $60,000; - Legal fees: $5,568; and - Marketing costs: $26,622.47 With respect to other investment assets, it is not practical to provide an answer. As a financial institution, the Board is continually trading assets valued in excess of $500,000 in the ordinary course of its investment operations. The bulk of these assets include equities and fixed interest securities, which are traded by both the Board's Investment Division and its external managers (domestic and international). It would be extremely difficult to extract the information required from all sources. INSURANCE COMMISSION (a) – (f) With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government. LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
INSURANCE COMMISSION (a) – (f) With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government. LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
(a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
(a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
(a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
(c) the nature of the sale and name of the buyer; (d) any associated revenue from the sale, such as stamp duty; (e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(d) any associated revenue from the sale, such as stamp duty; (e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(f) any associated costs incurred in the process of the sale?
(a) No assets have been sold for a sale price of $500,000 or greater since February 2001. (b) Not applicable. (c) Not applicable. (d) Not applicable. (e) Not applicable. (f) Not applicable. GOLDFIELDS-ESPERANCE DEVELOPMENT COMMISSION (a) to (f) NIL GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (a) 10 Kings Park Road – investment property (b) 1st July 2002 (c) The GESB's approved investment strategy is to divest all direct property assets from the portfolio. The property was sold as part of that strategy. The buyer was Professional Funds Management Pty Ltd (d) No other associated revenue from the sale. The purchaser would have incurred additional fees but these are not available to the Board as the seller. (e) Funds were reinvested into alternative investment assets (f) Costs in relation to the sale of 10 Kings Park Road inclusive of GST: - Agents selling fee: $60,000; - Legal fees: $5,568; and - Marketing costs: $26,622.47 With respect to other investment assets, it is not practical to provide an answer. As a financial institution, the Board is continually trading assets valued in excess of $500,000 in the ordinary course of its investment operations. The bulk of these assets include equities and fixed interest securities, which are traded by both the Board's Investment Division and its external managers (domestic and international). It would be extremely difficult to extract the information required from all sources. INSURANCE COMMISSION (a) – (f) With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government. LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
GOLDFIELDS-ESPERANCE DEVELOPMENT COMMISSION (a) to (f) NIL GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (a) 10 Kings Park Road – investment property (b) 1st July 2002 (c) The GESB's approved investment strategy is to divest all direct property assets from the portfolio. The property was sold as part of that strategy. The buyer was Professional Funds Management Pty Ltd (d) No other associated revenue from the sale. The purchaser would have incurred additional fees but these are not available to the Board as the seller. (e) Funds were reinvested into alternative investment assets (f) Costs in relation to the sale of 10 Kings Park Road inclusive of GST: - Agents selling fee: $60,000; - Legal fees: $5,568; and - Marketing costs: $26,622.47 With respect to other investment assets, it is not practical to provide an answer. As a financial institution, the Board is continually trading assets valued in excess of $500,000 in the ordinary course of its investment operations. The bulk of these assets include equities and fixed interest securities, which are traded by both the Board's Investment Division and its external managers (domestic and international). It would be extremely difficult to extract the information required from all sources. INSURANCE COMMISSION (a) – (f) With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government. LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (a) 10 Kings Park Road – investment property (b) 1st July 2002 (c) The GESB's approved investment strategy is to divest all direct property assets from the portfolio. The property was sold as part of that strategy. The buyer was Professional Funds Management Pty Ltd (d) No other associated revenue from the sale. The purchaser would have incurred additional fees but these are not available to the Board as the seller. (e) Funds were reinvested into alternative investment assets (f) Costs in relation to the sale of 10 Kings Park Road inclusive of GST: - Agents selling fee: $60,000; - Legal fees: $5,568; and - Marketing costs: $26,622.47 With respect to other investment assets, it is not practical to provide an answer. As a financial institution, the Board is continually trading assets valued in excess of $500,000 in the ordinary course of its investment operations. The bulk of these assets include equities and fixed interest securities, which are traded by both the Board's Investment Division and its external managers (domestic and international). It would be extremely difficult to extract the information required from all sources. INSURANCE COMMISSION (a) – (f) With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government. LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
INSURANCE COMMISSION (a) – (f) With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government. LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
LOTTERY COMMISSION (a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
(a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
RACING AND GAMING DEPARTMENT OF The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA). DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
DRGL, BPB and WAGRA (a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
(a) – (f) Nil. TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
TAB (a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
(a) Land & Buildings – Lot 102 Moir Street, Albany (b) 28 June 2001 (c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited. (d) Proceeds received from asset $564,158 Stamp Duty Nil GST $52,753 (e) General Reserve (f) Property Valuations $4,154 Legal Fees $2,907 WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
WATER CORPORATION (A) (B) (C) (D) (E) (F) Name of Asset Date Sold Nature of Sale and Associated Application Selling Name of Buyer Revenue of Funds Costs Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523 Welshpool Road, requirements. Hazel operational Welshpool. 1 Investments Pty Ltd. revenue. Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525 buildings – requirements. operational Lot 500 Bannister Pondeen Pty Ltd revenue. Road, Canning (Swan Transit). Vale. Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770 Karrinyup Road, requirements. WR operational Stirling. Carpenters Properties revenue. Pty Ltd. Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480 Armadale Road, requirements. Acacia operational Forrestfield. Brook Pty Ltd. revenue.
AnswerView source ↗
Answered
14 May 2003
Responded by
Minister representing the Minister for Racing and Gaming; Government Enterprises; Goldfields-Esperance
Response time
78 days
GOLD CORPORATION
(a) No assets have been sold for a sale price of $500,000 or greater since February 2001.
(b) Not applicable.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
(f) Not applicable.
GOLDFIELDS-ESPERANCE DEVELOPMENT COMMISSION
(a) to (f) NIL
GOVERNMENT EMPLOYEES SUPERANNUATION BOARD
(a) 10 Kings Park Road – investment property
(b) 1st July 2002
(c) The GESB's approved investment strategy is to divest all direct property assets from the portfolio. The property was sold as part of that strategy.
The buyer was Professional Funds Management Pty Ltd
(d) No other associated revenue from the sale. The purchaser would have incurred additional fees but these are not available to the Board as the seller.
(e) Funds were reinvested into alternative investment assets
(f) Costs in relation to the sale of 10 Kings Park Road inclusive of GST:
- Agents selling fee: $60,000;
- Legal fees: $5,568; and
- Marketing costs: $26,622.47
With respect to other investment assets, it is not practical to provide an answer. As a financial institution, the Board is continually trading assets valued in excess of $500,000 in the ordinary course of its investment operations. The bulk of these assets include equities and fixed interest securities, which are traded by both the Board's Investment Division and its external managers (domestic and international). It would be extremely difficult to extract the information required from all sources.
INSURANCE COMMISSION
(a) – (f)
With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government.
LOTTERY COMMISSION
(a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government
RACING AND GAMING DEPARTMENT OF
The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA).
DRGL, BPB and WAGRA
(a) – (f) Nil.
TAB
(a) Land & Buildings – Lot 102 Moir Street, Albany
(b) 28 June 2001
(c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited.
(d) Proceeds received from asset $564,158
Stamp Duty Nil
GST $52,753
(e) General Reserve
(f) Property Valuations $4,154
Legal Fees $2,907
WATER CORPORATION
(A) (B) (C) (D) (E) (F)
Name of Asset Date Sold Nature of Sale and Associated Application Selling
Name of Buyer Revenue of Funds Costs
Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523
Welshpool Road, requirements. Hazel operational
Welshpool. 1 Investments Pty Ltd. revenue.
Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525
buildings – requirements. operational
Lot 500 Bannister Pondeen Pty Ltd revenue.
Road, Canning (Swan Transit).
Vale.
Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770
Karrinyup Road, requirements. WR operational
Stirling. Carpenters Properties revenue.
Pty Ltd.
Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480
Armadale Road, requirements. Acacia operational
Forrestfield. Brook Pty Ltd. revenue.
(a) No assets have been sold for a sale price of $500,000 or greater since February 2001.
(b) Not applicable.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
(f) Not applicable.
GOLDFIELDS-ESPERANCE DEVELOPMENT COMMISSION
(a) to (f) NIL
GOVERNMENT EMPLOYEES SUPERANNUATION BOARD
(a) 10 Kings Park Road – investment property
(b) 1st July 2002
(c) The GESB's approved investment strategy is to divest all direct property assets from the portfolio. The property was sold as part of that strategy.
The buyer was Professional Funds Management Pty Ltd
(d) No other associated revenue from the sale. The purchaser would have incurred additional fees but these are not available to the Board as the seller.
(e) Funds were reinvested into alternative investment assets
(f) Costs in relation to the sale of 10 Kings Park Road inclusive of GST:
- Agents selling fee: $60,000;
- Legal fees: $5,568; and
- Marketing costs: $26,622.47
With respect to other investment assets, it is not practical to provide an answer. As a financial institution, the Board is continually trading assets valued in excess of $500,000 in the ordinary course of its investment operations. The bulk of these assets include equities and fixed interest securities, which are traded by both the Board's Investment Division and its external managers (domestic and international). It would be extremely difficult to extract the information required from all sources.
INSURANCE COMMISSION
(a) – (f)
With the exception of the Insurance Commission's dealings with its investment portfolio (approximately $1.5 billion), there have been no asset sales that have had a sale price greater than $500,000.00 that have occurred since the election of the Labor Government.
LOTTERY COMMISSION
(a) - (f) The Lotteries Commission has not sold any Government-owned assets which had a sale price of $500,000 or greater since the election of the Labor Government
RACING AND GAMING DEPARTMENT OF
The Minister for Racing and Gaming has provided the following answer for the Department of Racing, Gaming and Liquor (DRGL); Burswood Park Board (BPB); Totalisator Agency Board (TAB) and the Western Australian Greyhound Racing Authority (WAGRA).
DRGL, BPB and WAGRA
(a) – (f) Nil.
TAB
(a) Land & Buildings – Lot 102 Moir Street, Albany
(b) 28 June 2001
(c) Disposal of Land & Building to Macquarie Asset c/- Perpetual Trustees Australia Limited.
(d) Proceeds received from asset $564,158
Stamp Duty Nil
GST $52,753
(e) General Reserve
(f) Property Valuations $4,154
Legal Fees $2,907
WATER CORPORATION
(A) (B) (C) (D) (E) (F)
Name of Asset Date Sold Nature of Sale and Associated Application Selling
Name of Buyer Revenue of Funds Costs
Land – Lot 501, 1/12/2001 Surplus to $1,400,000 Included in $39,523
Welshpool Road, requirements. Hazel operational
Welshpool. 1 Investments Pty Ltd. revenue.
Land and 21/12/2001 Surplus to $2,500,000 Included in $3,525
buildings – requirements. operational
Lot 500 Bannister Pondeen Pty Ltd revenue.
Road, Canning (Swan Transit).
Vale.
Land – Lot 100 2/5/2001 Surplus to $870,000 Included in $14,770
Karrinyup Road, requirements. WR operational
Stirling. Carpenters Properties revenue.
Pty Ltd.
Land - Lot Pt 78, 6/6/2001 Surplus to $1,000,000 Included in $24,480
Armadale Road, requirements. Acacia operational
Forrestfield. Brook Pty Ltd. revenue.
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