❓ Mr. Wyatt requests details on government asset sales since 2010. The Treasurer provides aggregated financial data from annual reports but declines to provide specific transaction details, citing decentralised management and data limitations.
AnsweredQoN 2061Legislative Assembly
QuestionView source ↗
Will the Treasurer provide the following details for all Government owned assets sold since 1 January 2010 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?
AnswerView source ↗
Answered
6 May 2014
Response time
35 days
(a) Sales of surplus fixed assets are managed by individual public sector agencies.
(b)-(c) Not applicable - refer to part (a).
(d) While details of individual transactions are not available, proceeds from the sale of surplus fixed assets are available at an aggregate level and are published in the Annual Report on State Finances. The attached table provides a summary of proceeds for each financial year [see tabled paper no. ].
(e) Assessments of stamp duty by individual taxpayers are not publically available.
(f) Proceeds from the sale of surplus fixed assets are generally used by agencies as a funding contribution to Asset Investment Program spending or for the repayment of debt. In some cases, such as disposals of Crown land, sale proceeds are credited to the Consolidated Account and are part of the total pool of Consolidated Account cash appropriated by the Parliament to fund agencies.
(g) The cost of preparing surplus assets for sale is not recorded in Treasury systems. Any request for details on specific transactions should be directed to individual agencies.
(b)-(c) Not applicable - refer to part (a).
(d) While details of individual transactions are not available, proceeds from the sale of surplus fixed assets are available at an aggregate level and are published in the Annual Report on State Finances. The attached table provides a summary of proceeds for each financial year [see tabled paper no. ].
(e) Assessments of stamp duty by individual taxpayers are not publically available.
(f) Proceeds from the sale of surplus fixed assets are generally used by agencies as a funding contribution to Asset Investment Program spending or for the repayment of debt. In some cases, such as disposals of Crown land, sale proceeds are credited to the Consolidated Account and are part of the total pool of Consolidated Account cash appropriated by the Parliament to fund agencies.
(g) The cost of preparing surplus assets for sale is not recorded in Treasury systems. Any request for details on specific transactions should be directed to individual agencies.
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