WA Parliamentary Question on Notice regarding the sale of government-owned assets valued at $500,000 or more since June 30, 2008, and the Treasurer's response detailing sales by the Department of Housing.

AnsweredQoN 1765Legislative Assembly
Asked
20 October 2009
Portfolio
Treasurer; Minister for Commerce; Science and Innovation; Housing and Works

QuestionView source ↗

With respect to the departments and agencies under the Treasurer’s control, will the Treasurer please provide the following details for all Government-owned assets sold since 30 June 2008 which had a sale value of $500,000 or more:
(a) name and nature of the asset;
(b) date sold;
(c) nature of sale and name of buyer;
(d) proceeds received from the asset;
(e) associated revenue from the sale, such as stamp duty;
(f) the application of the funds received; and
(g) any associated costs incurred in the sale process?

AnswerView source ↗

Answered
19 November 2009
Response time
30 days
In respect of my portfolios, I can advise that only the Department of Housing have sold any Government-owned assets since 30 June 2008 which had a sale value of $500 000 or more, with the exception of agencies involved in intangible financial assets that are bought and sold during the normal course of their business. This exception includes the Government Employees Superannuation Board, Insurance Commission of Western Australia and Western Australia Treasury Corporation.
The Department of Housing advises:
(a)-(g) [see tabled paper no ] for sale of houses and [see tabled paper no ] for sale of land by the Department of Housing up to 12 November 2009. There are an additional eight properties to the value of $6,257,500 which have been sold but settlement has not yet occurred and which therefore have not been included in the tables.
The name of buyer is considered confidential information under the Commonwealth
Privacy Act 1988
. Stamp Duty paid by the purchasers is received by the State Revenue Department.  The proceeds of sale ­fund ­the provision of social and affordable land and housing outcomes.
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