Dr. Gallop requests details on government asset sales over $500,000 since 1997. The Minister provides information on one LandCorp sale (Lakeside Joondalup Shopping Centre) and confirms no other relevant sales by other departments.

AnsweredQoN 497Legislative Assembly
Asked
10 August 2000
Member
Portfolio
Fair Trading

QuestionView source ↗

Will the Minister provide the following details for all Government owned assets sold since January 1997 (excluding land sales undertaken by the Department of Land Administration) 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? Answered on 7 September 2000 The Minister

AnswerView source ↗

Answered
7 September 2000
Response time
28 days
LandCorp Excluding land sold in the normal course of LandCorp's business as a land developer, there was only one asset sale in excess of $500 000 since January 1997. (a) 50% interest in Lakeside Joondalup Shopping Centre (b) Settled on 27 May 1999 (c) Perpetual Trustees WA Limited/Nationale-Nederlanden Intervast XIII BV (d) Sale price $58.5 million. (e) Stamp duty not collected by LandCorp. However the stamp duty is estimated by LandCorp to be $2.8 million payable to State Revenue by the purchaser. (f) Funds were used for debt retirement and acquisition of land for development. (g) Associated costs of the disposal process were $150 000. Department of Land Administration The Department of Land Administration have not sold any assets (excluding land sales) which had a sale value of $500,00 or more, since January 1997. Western Australian Electoral Commission No government owned assets have been sold by the Western Australian Electoral Commission since January 1997. Ministry of Fair Trading (a) Nil (b) Not applicable (c) Not applicable (d) Not applicable (e) Not applicable (f) Not applicable (g) Not applicable
(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?
(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?
(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?
(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?
(f) the application of the funds received; and (g) any associated costs incurred in the sale process?
(g) any associated costs incurred in the sale process?

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