❓ Details of government asset sales exceeding $500,000 since January 1997 are provided by the Minister for Resources Development; Energy; Education, including asset details, sale information, financial proceeds, and application of funds.
AnsweredQoN 494Legislative Assembly
QuestionView source ↗
494. Dr GALLOP to the Minister for Resources Development; Energy; Education:
Will the Minister provide the following details for all Government owned assets sold since January 1997 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?
Will the Minister provide the following details for all Government owned assets sold since January 1997 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
14 November 2000
Response time
96 days
The Minister Replied:
DEPARTMENT OF RESOURCES DEVELOPMENT
(a) The Department of Resources Development has not sold any assets since January 1997 which had a sale value of $500,000 or more.
(b-g) Not applicable.
OFFICE OF ENERGY
(a) Dampier to Bunbury Natural Gas Pipeline.
(b) 25 March 1998.
(c) Trade Sale to Epic Energy.
(d) $2.407 billion.
(e) Associated revenue included in (d) - Stamp Duty $104 million.
(f) Application of funds received:
- total State debt was reduced by $1.776 billion (including AlintaGas transmission pipeline debt of $1.024 billion);
- $140 million was allocated to commence full concurrent funding of the West State Super scheme;
- expansion of DBNGP pipeline corridor - $40 million;
- $244 million was provided to the State Development Fund for infrastructure developments and capital projects including:
- Computers in schools - $100 million;
- Convention and Exhibition Centre - $100 million;
- Regional infrastructure projects - $20 million;
- Communications pipeline - $10 million;
- Community sporting and recreation facilities - $10 million;
- Kings park - $4 million; and
- AlintaGas provisions $86 million.
(g) Cost of sale $17 million.
WESTERN POWER
Western Power Corporation has sold the following assets since January 1997 with a sale value of $500,000 or more:
(1) (a) Property: Welshpool Office/Depot
(b) February 1997
(c) Auction - Cabrita Pty Ltd
(d) $3.947 million
(e) Estimated $165,525 Stamp Duty paid by purchaser.
(f) Redirected into the business.
(g) $52,419.00
(2) (a) Motor Vehicles: Sale of Light Vehicle Fleet
(b) July 1997.
(c) Sale and Leaseback Agreement - Matrix Financial Group WA Pty Ltd.
(d) $6.177 million
(e) Not applicable.
(f) Redirected into the business.
(g) $60,000.00
(3) (a) Property: North Perth Works Depot.
(b) September 1997.
(c) Private Treaty - Town of Vincent.
(d) $1.675 million.
(e) Not applicable - purchaser exempt from Stamp Duty.
(f) Redirected into the business.
(g) $56,965.00
(4) (a) Plant and Equipment: Coal wagons.
(b) July 1998.
(c) Private Treaty - Westrail.
(d) $990,000
(e) Not applicable.
(f) Redirected into the business.
(g) Nil.
(5) (a) Power Station: Redbank
(b) May 1998.
(c) Private Treaty - Odyssea Vessels Inc. for Walters Power International.
(d) $5 million.
(e) Not applicable - asset exported.
(f) Redirected into the business.
(g) $465,000 commission paid to Associated Traders (NT) Pty Ltd.
(6) (a) Property: Midvale Works Depot.
(b) January 2000.
(c) Private Treaty - WA and WG Siroen.
(d) $1.050 million.
(e) Estimated $45,000 Stamp Duty paid by purchaser.
(f) Redirected into the business.
(g) Nil.
(7) (a) Property and Fixtures: Kewdale Works Depot.
(b) May 2000.
(c) Private Treaty - Flowljeff Holdings Pty Ltd.
(d) $3.050 million.
(e) Estimated $142,000 Stamp Duty paid by purchaser.
(f) Redirected into the business.
(g) $463,000 subdivision and relocation costs.
(8) (a) Land: Rockingham Depot.
(b) June 2000.
(c) Private Treaty - West Wide Construction (Lots 20 & 21)
Kadavel Pty Ltd & Patsmen Pty Ltd (Lot 22)
(d) Lots 20 & 21 $295,000
Lot 22 $290,000
$585,000
(e) Lot 20 & 21 $9,800 (estimated Stamp Duty paid by purchaser)
Lot 22 $9,500 (estimated Stamp Duty paid by purchaser)
$19,300
(f) Redirected into the business.
(g) Lots 20 & 21 $15,469.75
Lot 22 $14,320.25
$29,790.00
EDUCATION DEPARTMENT OF W.A.
ASSET DISPOSALS OVER $500,000 1997-2000
ASSET NAME & NATURE DATE SOLD NATURE OF SALE BUYER PROCEEDS ASSOCIATED REVENUE ASSOCIATED COSTS APPLICATION OF FUNDS
Cockburn Sound Location 4225 - C/T 2091/502 North Lake Senior Campus 09-Jan-97 Negotiated Private Contract City of Melville Aged Persons Homes Trust Inc $1,440,000.00
Swan Location 12627 - C/T 2095/731 Birralee Primary School 06-Mar-97 Negotiated Private Contract The Home of Peace Inc. $800,000.00
Swan Location 12627 - C/T 2095/732 Birralee Primary School 06-Mar-97 Public Auction Teakway Investments P/L $1,770,000.00
Swan Location 12638 - C/T 2091/800 Kewdale Junior Primary School 06-Mar-97 Public Auction LMS Property Group P/L $1,120,000.00
Yokine Primary School 29-Jul-97 Negotiated Private Contract as Part of Land Swap Carmel School & Seeligson Kindergarten Inc $520,000.00
Warwick Primary School 03-Dec-97 Public Auction Featherstone Holdings P/L $3,600,000.00 Information not in Information not in
Reserve 12066 - Quindalup 26-Mar-98 Negotiated Private Contract Youth Hostels of Australia $500,000.00 EDWA records. EDWA records. To Purchase and Build New Schools and
Perth Modern School 18-May-98 Negotiated Private Contract TVW Telethon Institute $2,100,000.00 DOLA carries out DOLA carries out to Upgrade & Improve Current Schools
Greenwood Primary School 17-Jul-98 Public Auction Prime Projects Properties P/L $3,330,000.00 these transactions these transactions
Port Hedland Primary School 22-Jun-99 Negotiated Private Contract Health Department $950,000.00
Harvey Agricultural College 24-Jun-99 Negotiated Private Contract Water Corporation $895,000.00
Mandurah (East) Geogrup HSS 05-Jul-99 Negotiated Private Contract Foundation Christian School $575,000.00
Busselton Lots 395 & 398 Busselton Primary School 29-Oct-99 Public Tender Foodland Assoc. Ltd $6,000,000.00
Canning Lot 2152 Kewdale Senior High School 03-Nov-99 Public Tender AL Bassam P/L for Australian Islamic College $6,500,000.00
Totals $30,100,000.00
CURRICULUM COUNCIL, DEPARTMENT OF EDUCATION SERVICES AND COUNTRY HIGH SCHOOL HOSTELS AUTHORITY
(a) Nil.
(b-g) Not applicable.
DEPARTMENT OF RESOURCES DEVELOPMENT
(a) The Department of Resources Development has not sold any assets since January 1997 which had a sale value of $500,000 or more.
(b-g) Not applicable.
OFFICE OF ENERGY
(a) Dampier to Bunbury Natural Gas Pipeline.
(b) 25 March 1998.
(c) Trade Sale to Epic Energy.
(d) $2.407 billion.
(e) Associated revenue included in (d) - Stamp Duty $104 million.
(f) Application of funds received:
- total State debt was reduced by $1.776 billion (including AlintaGas transmission pipeline debt of $1.024 billion);
- $140 million was allocated to commence full concurrent funding of the West State Super scheme;
- expansion of DBNGP pipeline corridor - $40 million;
- $244 million was provided to the State Development Fund for infrastructure developments and capital projects including:
- Computers in schools - $100 million;
- Convention and Exhibition Centre - $100 million;
- Regional infrastructure projects - $20 million;
- Communications pipeline - $10 million;
- Community sporting and recreation facilities - $10 million;
- Kings park - $4 million; and
- AlintaGas provisions $86 million.
(g) Cost of sale $17 million.
WESTERN POWER
Western Power Corporation has sold the following assets since January 1997 with a sale value of $500,000 or more:
(1) (a) Property: Welshpool Office/Depot
(b) February 1997
(c) Auction - Cabrita Pty Ltd
(d) $3.947 million
(e) Estimated $165,525 Stamp Duty paid by purchaser.
(f) Redirected into the business.
(g) $52,419.00
(2) (a) Motor Vehicles: Sale of Light Vehicle Fleet
(b) July 1997.
(c) Sale and Leaseback Agreement - Matrix Financial Group WA Pty Ltd.
(d) $6.177 million
(e) Not applicable.
(f) Redirected into the business.
(g) $60,000.00
(3) (a) Property: North Perth Works Depot.
(b) September 1997.
(c) Private Treaty - Town of Vincent.
(d) $1.675 million.
(e) Not applicable - purchaser exempt from Stamp Duty.
(f) Redirected into the business.
(g) $56,965.00
(4) (a) Plant and Equipment: Coal wagons.
(b) July 1998.
(c) Private Treaty - Westrail.
(d) $990,000
(e) Not applicable.
(f) Redirected into the business.
(g) Nil.
(5) (a) Power Station: Redbank
(b) May 1998.
(c) Private Treaty - Odyssea Vessels Inc. for Walters Power International.
(d) $5 million.
(e) Not applicable - asset exported.
(f) Redirected into the business.
(g) $465,000 commission paid to Associated Traders (NT) Pty Ltd.
(6) (a) Property: Midvale Works Depot.
(b) January 2000.
(c) Private Treaty - WA and WG Siroen.
(d) $1.050 million.
(e) Estimated $45,000 Stamp Duty paid by purchaser.
(f) Redirected into the business.
(g) Nil.
(7) (a) Property and Fixtures: Kewdale Works Depot.
(b) May 2000.
(c) Private Treaty - Flowljeff Holdings Pty Ltd.
(d) $3.050 million.
(e) Estimated $142,000 Stamp Duty paid by purchaser.
(f) Redirected into the business.
(g) $463,000 subdivision and relocation costs.
(8) (a) Land: Rockingham Depot.
(b) June 2000.
(c) Private Treaty - West Wide Construction (Lots 20 & 21)
Kadavel Pty Ltd & Patsmen Pty Ltd (Lot 22)
(d) Lots 20 & 21 $295,000
Lot 22 $290,000
$585,000
(e) Lot 20 & 21 $9,800 (estimated Stamp Duty paid by purchaser)
Lot 22 $9,500 (estimated Stamp Duty paid by purchaser)
$19,300
(f) Redirected into the business.
(g) Lots 20 & 21 $15,469.75
Lot 22 $14,320.25
$29,790.00
EDUCATION DEPARTMENT OF W.A.
ASSET DISPOSALS OVER $500,000 1997-2000
ASSET NAME & NATURE DATE SOLD NATURE OF SALE BUYER PROCEEDS ASSOCIATED REVENUE ASSOCIATED COSTS APPLICATION OF FUNDS
Cockburn Sound Location 4225 - C/T 2091/502 North Lake Senior Campus 09-Jan-97 Negotiated Private Contract City of Melville Aged Persons Homes Trust Inc $1,440,000.00
Swan Location 12627 - C/T 2095/731 Birralee Primary School 06-Mar-97 Negotiated Private Contract The Home of Peace Inc. $800,000.00
Swan Location 12627 - C/T 2095/732 Birralee Primary School 06-Mar-97 Public Auction Teakway Investments P/L $1,770,000.00
Swan Location 12638 - C/T 2091/800 Kewdale Junior Primary School 06-Mar-97 Public Auction LMS Property Group P/L $1,120,000.00
Yokine Primary School 29-Jul-97 Negotiated Private Contract as Part of Land Swap Carmel School & Seeligson Kindergarten Inc $520,000.00
Warwick Primary School 03-Dec-97 Public Auction Featherstone Holdings P/L $3,600,000.00 Information not in Information not in
Reserve 12066 - Quindalup 26-Mar-98 Negotiated Private Contract Youth Hostels of Australia $500,000.00 EDWA records. EDWA records. To Purchase and Build New Schools and
Perth Modern School 18-May-98 Negotiated Private Contract TVW Telethon Institute $2,100,000.00 DOLA carries out DOLA carries out to Upgrade & Improve Current Schools
Greenwood Primary School 17-Jul-98 Public Auction Prime Projects Properties P/L $3,330,000.00 these transactions these transactions
Port Hedland Primary School 22-Jun-99 Negotiated Private Contract Health Department $950,000.00
Harvey Agricultural College 24-Jun-99 Negotiated Private Contract Water Corporation $895,000.00
Mandurah (East) Geogrup HSS 05-Jul-99 Negotiated Private Contract Foundation Christian School $575,000.00
Busselton Lots 395 & 398 Busselton Primary School 29-Oct-99 Public Tender Foodland Assoc. Ltd $6,000,000.00
Canning Lot 2152 Kewdale Senior High School 03-Nov-99 Public Tender AL Bassam P/L for Australian Islamic College $6,500,000.00
Totals $30,100,000.00
CURRICULUM COUNCIL, DEPARTMENT OF EDUCATION SERVICES AND COUNTRY HIGH SCHOOL HOSTELS AUTHORITY
(a) Nil.
(b-g) Not applicable.
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