WA Parliament Question on Notice regarding revenue assumed from the sale of government-owned land in the 2015/16 budget and future financial years. The government confirms revenue assumptions and provides sales targets, but specific land parcels are still being assessed.

AnsweredQoN 5264Legislative Assembly
Asked
23 March 2016
Portfolio
Treasurer

QuestionView source ↗

I refer to the current 2015/16 State Budget and I ask: (a) does
the current 2015/16 budget assume revenue from the sale of Government-owned
land; (b) if yes to (a),
how much revenue is assumed from the sale of Government owned land; (c) is the assumed
revenue referred to in (a) based on specific parcels of land to be sold, and
If so, which land is specifically identified to be sold; (d) does the current
2015/16 Budget assume revenue from the sale of Government land in each of the financial years 2016/17, 2017/18 and 2018/19; (e) if yes to (d),
how much revenue is assumed from the sale of Government owned land in each financial year; and (f) is the assumed
revenue referred to in (d) based on specific parcels of land to be sold, and
If so, which land is specifically identified to be sold in each financial year?

AnswerView source ↗

Answered
10 May 2016
Response time
48 days
(a) Yes. (b) $141.5 million. (c) Yes. [Please see tabled paper no.] (d) Yes. (e) Proposed sales targets:
LASP Sales Targets
2015-16
2016-17
2017-18
2018-19
Total
$’000
$’000
$’000
$’000
$’000
Total Proposed Sales
141,495
107,522
99,377
112,806
461,200
(f) Over 400 land assets are currently in the early stages of the divestment pipeline (identification / assessment) although the timing of the sale of the specific parcels of land remains to be determined.

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