Hon. C.L. Edwardes asks about the sale of Peel Estate Lot 1507, including the date, nature of sale, buyer, revenue, fund application, and associated costs. The answer details the sale to HWE Land Pty Ltd and the financial aspects.

AnsweredQoN 830Legislative Assembly
Asked
25 February 2003
Portfolio
the Environment and Heritage

QuestionView source ↗

(b) the date of sale; (c) the nature of the sale and name of the buyer; (d) any associated revenue from the sale, such as stamp duty; (e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(c) the nature of the sale and name of the buyer; (d) any associated revenue from the sale, such as stamp duty; (e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(d) any associated revenue from the sale, such as stamp duty; (e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(e) the application of the funds received; and (f) any associated costs incurred in the process of the sale?
(f) any associated costs incurred in the process of the sale?
(a-f) Not applicable. Department of Conservation and Land Management: (a) Peel Estate Lot 1507 (Peel ‘B’ Plantation) Baldivis. (b) 19 March 2001. (c) Tender. HWE Land Pty Ltd. (d) Purchase price of $12,700,000 payable over 10 years in annual instalments of $1,270,000. Stamp duty is paid by the purchaser to the Department of Treasury and Finance. (e) Annual instalments of the purchase price are paid to the Department of Land Administration. These funds are being reappropriated to the Forest Products Commission by the Department of Treasury and Finance. (f) Sale commission and legal fees totalling $179,000.
Department of Conservation and Land Management: (a) Peel Estate Lot 1507 (Peel ‘B’ Plantation) Baldivis. (b) 19 March 2001. (c) Tender. HWE Land Pty Ltd. (d) Purchase price of $12,700,000 payable over 10 years in annual instalments of $1,270,000. Stamp duty is paid by the purchaser to the Department of Treasury and Finance. (e) Annual instalments of the purchase price are paid to the Department of Land Administration. These funds are being reappropriated to the Forest Products Commission by the Department of Treasury and Finance. (f) Sale commission and legal fees totalling $179,000.
(a) Peel Estate Lot 1507 (Peel ‘B’ Plantation) Baldivis. (b) 19 March 2001. (c) Tender. HWE Land Pty Ltd. (d) Purchase price of $12,700,000 payable over 10 years in annual instalments of $1,270,000. Stamp duty is paid by the purchaser to the Department of Treasury and Finance. (e) Annual instalments of the purchase price are paid to the Department of Land Administration. These funds are being reappropriated to the Forest Products Commission by the Department of Treasury and Finance. (f) Sale commission and legal fees totalling $179,000.

AnswerView source ↗

Answered
14 May 2003
Responded by
Minister for the Environment and Heritage
Response time
78 days
Bunbury (Aqwest) Water Board, Busselton Water Board, Botanic Gardens and Parks Authority, Conservation Commission, Department of Environmental Protection, Water and Rivers Commission, Heritage Council of WA, Office of Water Regulation, National Trust (WA) and Perth Zoo:
(a-f) Not applicable.
Department of Conservation and Land Management:
(a) Peel Estate Lot 1507 (Peel ‘B’ Plantation) Baldivis.
(b) 19 March 2001.
(c) Tender. HWE Land Pty Ltd.
(d) Purchase price of $12,700,000 payable over 10 years in annual instalments of $1,270,000. Stamp duty is paid by the purchaser to the Department of Treasury and Finance.
(e) Annual instalments of the purchase price are paid to the Department of Land Administration. These funds are being reappropriated to the Forest Products Commission by the Department of Treasury and Finance.
(f) Sale commission and legal fees totalling $179,000.

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