❓ Question regarding the procedure for selling government assets, particularly those with heritage listings, and the meaning of 'de-risking' in this context. The answer clarifies the process and refers technical questions to the Minister for Lands.
AnsweredQoN 3054Legislative Assembly
QuestionView source ↗
I refer to the list of government assets which the Premier and Minister Redman recently announced were going to be sold, some of which were either heritage listed, or others had interim listings and I ask: (a) what procedure will be undertaken and by whom in relation to each of those properties; (b) what do you understand Minister Redman to mean when he referred to “derisking” of those properties; (c) will there be the opportunity for community consultation; (d) were the heritage issues taken into account when valuing the properties hallmarked for sale; (e) does this announcement pre-empt your independent deliberations in relation to those properties with an interim listing; and (f) was the Minister consulted prior to the sale announcement?
AnswerView source ↗
Answered
18 November 2014
Responded by
Minister for Heritage
Response time
33 days
(a) The procedure for disposing of State Government property is contained in the Operational Guidelines for the Disposal of State Owned Property Assets through the Property Asset Clearing House, which is administered by the Department of Lands. The Guidelines are available on the Department of Lands' website. Any property that is over 60 years old is referred to the Heritage Council under the State Government Heritage Property Disposal Process Policy. This provides a framework to ensure a suitable level of heritage protection is established prior to the disposal of a property. Such transactions typically involve the parties entering into a Heritage Agreement under the provisions of the Heritage of Western Australia Act 1990, which is a statutory agreement with the owner and any future owners to conserve and maintain the building to an appropriate standard.
(b) In relation to heritage buildings, the term "de-risking" is commonly used to describe pre-sales activities such as clarifying land planning issues, considering viable use and adaptive re-use opportunities, including compliance requirements with relevant building and other codes, and conservation and ongoing maintenance needs. This approach promotes the conditions to maximise the value of the asset by providing certainty of future use for potential buyers.
(c)-(d) Technical questions in relation to the sales process should be directed to the Minister for Lands.
(e)-(f) No
(b) In relation to heritage buildings, the term "de-risking" is commonly used to describe pre-sales activities such as clarifying land planning issues, considering viable use and adaptive re-use opportunities, including compliance requirements with relevant building and other codes, and conservation and ongoing maintenance needs. This approach promotes the conditions to maximise the value of the asset by providing certainty of future use for potential buyers.
(c)-(d) Technical questions in relation to the sales process should be directed to the Minister for Lands.
(e)-(f) No
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