❓ This WA parliamentary question seeks details about the sale of land in the Elizabeth Quay development, specifically regarding contracts, prices, purchasers, timelines, and development conditions. The answer reveals a sale to Chevron Australia and outlines development obligations.
AnsweredQoN 1125Legislative Council
QuestionView source ↗
(1) Has the State Government or any of its agencies entered into any contracts for sale of land in the Elizabeth Quay development? (2) If yes to (1): (a) which sites has it agreed to sell; (b) what is the purchase price; (c) who is the purchaser(s); (d) on what date is it expected that the contract will become unconditional; and (e) on what date is it expected that settlement will occur? (3) Does the Minister expect that for any land sold at the Elizabeth Quay development there will be conditions on the purchaser of the land to commence or complete development on the land within a certain timeframe? (4) If yes to (3): (a) what does the Minister expect the conditions will be; and (b) by what timeframe does the Minister expect them
to be completed? (5) Are there any circumstances that would allow the purchaser to not comply with these conditions? (6) If yes to (5): (a) what are they; and (b) what penalties does the Minister expect if the development fails to meet any of the conditions? (7) If no to (1): (a) when does the Minister expect to enter into its first contract for sale; (b) what is the estimate purchase price; (c) who is expected to be the purchaser; and (d) on what date is it expected that settlement will
occur?
to be completed? (5) Are there any circumstances that would allow the purchaser to not comply with these conditions? (6) If yes to (5): (a) what are they; and (b) what penalties does the Minister expect if the development fails to meet any of the conditions? (7) If no to (1): (a) when does the Minister expect to enter into its first contract for sale; (b) what is the estimate purchase price; (c) who is expected to be the purchaser; and (d) on what date is it expected that settlement will
occur?
AnswerView source ↗
Answered
19 June 2014
Responded by
Minister for Mental Health representing the Minister for Planning
Response time
44 days
(1)
Yes
(2)
(a) Lot 7
(b) $70.4m (including GST)
(c) Chevron Australia (TAPL) Pty Ltd
(d-e)
Settlement occurred in December 2013
(3)
Yes
(4)
(a) Obligations on the purchaser to develop within specific timeframes and to required design guidelines
(b) Development obligations are specific to individual contracts
(5-6)
If a purchaser does not comply, they would be in breach of the contract.
(7)
(a-d) Not applicable
Yes
(2)
(a) Lot 7
(b) $70.4m (including GST)
(c) Chevron Australia (TAPL) Pty Ltd
(d-e)
Settlement occurred in December 2013
(3)
Yes
(4)
(a) Obligations on the purchaser to develop within specific timeframes and to required design guidelines
(b) Development obligations are specific to individual contracts
(5-6)
If a purchaser does not comply, they would be in breach of the contract.
(7)
(a-d) Not applicable
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