❓ A WA parliamentary question investigates the allocation and subsequent transfer of land in Pretty Pool, Port Hedland, initially allocated to a now-failed company, focusing on transparency and adherence to original conditions. The answer clarifies the process and rationale behind LandCorp's decisions to allow a change in beneficial ownership to expedite housing development.
AnsweredQoN 5627Legislative Assembly
QuestionView source ↗
In reference to the allocation of Lot 676 on Deposited Plan 61232 at Pretty Pool to the now-failed building company 20*20:
(a) is it the case that this was allocated following an application process;
(b) was it a condition of allocation that the successful applicant would not be permitted to transfer any interest in this land prior to the full development of the site;
(c) has the State Government recently agreed to accept the sale or transfer of this land allocation from 20*20 to other interests without the pre-sale conditions having been met;
(d) what are the new interests that have been allowed to take up equity in this project;
(e) have these new interests previously been allocated land at Pretty Pool; and
(i) if yes, what other land was allocated to this particular interest; and
(f) why has Landcorp not put the block out to a transparent open and public expression of interest process to ensure the expedited development of this land for much needed housing?
(a) is it the case that this was allocated following an application process;
(b) was it a condition of allocation that the successful applicant would not be permitted to transfer any interest in this land prior to the full development of the site;
(c) has the State Government recently agreed to accept the sale or transfer of this land allocation from 20*20 to other interests without the pre-sale conditions having been met;
(d) what are the new interests that have been allowed to take up equity in this project;
(e) have these new interests previously been allocated land at Pretty Pool; and
(i) if yes, what other land was allocated to this particular interest; and
(f) why has Landcorp not put the block out to a transparent open and public expression of interest process to ensure the expedited development of this land for much needed housing?
AnswerView source ↗
Answered
10 August 2011
Responded by
Minister for Regional Development
Response time
77 days
(a) Yes, the lot was sold via a tender process and Port Hedland Development Fund No. 8 Pty Ltd (PHDF) was the successful buyer (formerly known as SAS Global Nominee 3 Pty Ltd as trustee for the SAS Global Port Hedland Unit Trust).
(b) The contract of sale provides that the buyer is not to transfer its interest in the land prior to the buyer fulfilling their contractual obligations without the consent of LandCorp.
(c) LandCorp was made aware of the change in beneficial ownership after the change had been effected on the ASIC register and after careful consideration, LandCorp agreed to accept the change in beneficial ownership in order to expedite housing supply and after assurances no speculative profits were made.
(d) PHDF shareholder is now Forrest Family Investments Pty Ltd.
(e) Yes.
(i) 25 Lots in Pretty Pool allocated for the purpose of employee housing.
(f) The lot was sold via a transparent open and public tender process to PHDF. Consenting to the change of beneficial ownership of Lot 676 was approved on the basis that PHDF had building approvals, plans and building contract in place to commence construction immediately and complete the 60 unit development within 12-15 months. It was also a condition that no speculative profit was made by either party as a result of the transfer. If LandCorp repurchased the site from PHDF, it anticipated this process could take at least 12 months for a new buyer to be in a position to commence construction which would delay delivery of high quality accommodation in Port Hedland that is urgently required.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
(b) The contract of sale provides that the buyer is not to transfer its interest in the land prior to the buyer fulfilling their contractual obligations without the consent of LandCorp.
(c) LandCorp was made aware of the change in beneficial ownership after the change had been effected on the ASIC register and after careful consideration, LandCorp agreed to accept the change in beneficial ownership in order to expedite housing supply and after assurances no speculative profits were made.
(d) PHDF shareholder is now Forrest Family Investments Pty Ltd.
(e) Yes.
(i) 25 Lots in Pretty Pool allocated for the purpose of employee housing.
(f) The lot was sold via a transparent open and public tender process to PHDF. Consenting to the change of beneficial ownership of Lot 676 was approved on the basis that PHDF had building approvals, plans and building contract in place to commence construction immediately and complete the 60 unit development within 12-15 months. It was also a condition that no speculative profit was made by either party as a result of the transfer. If LandCorp repurchased the site from PHDF, it anticipated this process could take at least 12 months for a new buyer to be in a position to commence construction which would delay delivery of high quality accommodation in Port Hedland that is urgently required.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.