❓ Hon Colin Holt questions the Minister for Racing and Gaming about Racing and Wagering WA's purchase of Touchstone Farm, including purchase price, offer date, settlement details, budget, and consideration of alternative properties. The Minister provides some information but withholds details citing third-party confidentiality.
AnsweredQoN 1479Legislative Council
QuestionView source ↗
RACING AND WAGERING
WESTERN AUSTRALIA — TOUCHSTONE FARM
1479. Hon COLIN HOLT to the minister representing the
Minister for Racing and Gaming:
I refer to the purchase of
Touchstone Farm by Racing and Wagering Western Australia.
(1) How much was the property
purchased for?
(2) What was the date of the first
offer?
(3) What date is
settlement and is settlement reliant on any conditions; and, if so, what are
those conditions?
(4) What is the expected budget for
maintenance and day-to-day operations for the property?
(5) Were any
other properties considered instead of Touchstone Farm; and, if yes, please
list those properties and whether any negotiations were entered or offers put?
WESTERN AUSTRALIA — TOUCHSTONE FARM
1479. Hon COLIN HOLT to the minister representing the
Minister for Racing and Gaming:
I refer to the purchase of
Touchstone Farm by Racing and Wagering Western Australia.
(1) How much was the property
purchased for?
(2) What was the date of the first
offer?
(3) What date is
settlement and is settlement reliant on any conditions; and, if so, what are
those conditions?
(4) What is the expected budget for
maintenance and day-to-day operations for the property?
(5) Were any
other properties considered instead of Touchstone Farm; and, if yes, please
list those properties and whether any negotiations were entered or offers put?
AnswerView source ↗
I thank the member for the question.
The following information has been provided to me by the Minister for Racing and
Gaming.
(1) The contract
of sale for Touchstone Farm is an agreement that has been formed between Racing
and Wagering Western Australia and a third party. RWWA is therefore unable to
disclose the details of that contract without the permission of the third party.
RWWA have estimated total costs for purchase of the property, associated works
to upgrade the property for the proposed use and other general expenditure to
be within the general budget of $2.5 million, excluding GST.
(2) The offer and acceptance was dated
Thursday, 14 November 2019.
(3) Settlement is
anticipated to be completed by close of business on 16 December 2019. Any
conditions are subject to the same considerations as applied in (1).
(4) The execution
of the full racehorse welfare strategy is currently estimated as an annual
amount of $2.74 million per annum, which includes the ongoing costs associated
with the property. This amount is subject to change through the development of
further details of the strategy.
(5) Yes, a number
of alternate properties were considered in the North Dandalup, Meelon and Lake
Clifton areas. No alternate offers were put to owners.
The following information has been provided to me by the Minister for Racing and
Gaming.
(1) The contract
of sale for Touchstone Farm is an agreement that has been formed between Racing
and Wagering Western Australia and a third party. RWWA is therefore unable to
disclose the details of that contract without the permission of the third party.
RWWA have estimated total costs for purchase of the property, associated works
to upgrade the property for the proposed use and other general expenditure to
be within the general budget of $2.5 million, excluding GST.
(2) The offer and acceptance was dated
Thursday, 14 November 2019.
(3) Settlement is
anticipated to be completed by close of business on 16 December 2019. Any
conditions are subject to the same considerations as applied in (1).
(4) The execution
of the full racehorse welfare strategy is currently estimated as an annual
amount of $2.74 million per annum, which includes the ongoing costs associated
with the property. This amount is subject to change through the development of
further details of the strategy.
(5) Yes, a number
of alternate properties were considered in the North Dandalup, Meelon and Lake
Clifton areas. No alternate offers were put to owners.
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