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Legislative Assembly for the ACT: 1996 Week 1 Hansard (22 February) . . Page.. 227..





Lands Acquisition - Belconnen

Mr Wood - asked the Minister for the Environment, Land and Planning - In relation to the variation of the pre-acquisition declaration on Block 1267 Division of Belconnen (Fassifern Investments Pty Limited) -

(1) Has agreement been reached on the price for this acquisition; if so, what is that price.

(2) What offers have previously been made for acquisition of all or part of Block 1267 Division of Belconnen.

Mr Humphries - the answers to the Member's questions are as follows:

(1) No agreement has been reached on the price of this acquisition under the Lands Acquisition Act 1994.

(2) Two offers were made by the former Department of the Environment Land and Planing to purchase the property and improvements for $622,000. Discussions continued with the Lessee and a further offer was made to the Lessee in December 1993 which included the following options:

. offer to purchase the lease and improvements for a sum of $660,000; or

. offer to purchase approximately 1.8 hectares plus the access road for a sum of $132,000; and an additional sum of $150,000 would be paid at the time of the surrender and regrant of a lease over Block 1267 to compensate for the difference in the basis for valuation of improvements between the existing lease and any new lease granted.

The Lessee did not accept the above offers and negotiations continued.

As no resolution could be reached on valuation, the Government had no option but to acquire the land under the Lands Acquisition Act 1994. Negotiations on compensation are continuing.

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