❓ Hon. Colin de Grussa questions the Minister for Ports regarding the Port Hedland Voluntary Buyback Scheme (PHVBS), focusing on valuation practices, indexation caps, and restrictions on property sales. The Minister provides brief affirmative and clarifying responses.
AnsweredQoN 1031Legislative Council
QuestionView source ↗
PORT HEDLAND VOLUNTARY
BUYBACK SCHEME
1031. Hon COLIN de GRUSSA to the Leader of the House
representing the Minister for Ports:
I refer to the Port Hedland
voluntary buyback scheme.
(1) Can the minister confirm that —
(a) instructions
given to licensed valuers by the Hedland Maritime Initiative for the purposes
of undertaking market valuations are in accordance with the principles of the
scheme;
(b) all valuations are undertaken in full compliance
with the Licensed Valuers Code of Conduct 2016; and
(c) all valuations are undertaken
based on market conditions as at 6 August 2019?
(2) Why is indexation of the base
valuation under the PHVBS capped at four per cent?
(3) Why are
owners of residential properties subject to the PHVBS precluded from selling
their properties to any other parties?
BUYBACK SCHEME
1031. Hon COLIN de GRUSSA to the Leader of the House
representing the Minister for Ports:
I refer to the Port Hedland
voluntary buyback scheme.
(1) Can the minister confirm that —
(a) instructions
given to licensed valuers by the Hedland Maritime Initiative for the purposes
of undertaking market valuations are in accordance with the principles of the
scheme;
(b) all valuations are undertaken in full compliance
with the Licensed Valuers Code of Conduct 2016; and
(c) all valuations are undertaken
based on market conditions as at 6 August 2019?
(2) Why is indexation of the base
valuation under the PHVBS capped at four per cent?
(3) Why are
owners of residential properties subject to the PHVBS precluded from selling
their properties to any other parties?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
(1) Yes.
(2) The indexation of up to four
per cent per annum is one of the terms set by the government.
(3) The PHVBS does not preclude
owners from selling their properties to any other parties.
some notice of the question.
(1) Yes.
(2) The indexation of up to four
per cent per annum is one of the terms set by the government.
(3) The PHVBS does not preclude
owners from selling their properties to any other parties.
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