Legislative Assembly for the ACT: 2012-2013 Week 1 Hansard (27 November) . . Page.. 68..
MADAM SPEAKER: A supplementary question, Mr Smyth.
MR SMYTH: Minister, on 5 June 2012 you and the Chief Minister announced that the government had established an urban improvement fund, with funding to come directly from the lease variation charge. Minister, given that the actual revenue collected is not meeting the government's estimates, will the government continue to fund this promise? If so, how will it be funded?
MR BARR: Yes, and through the budget.
MADAM SPEAKER: Supplementary question, Mr Coe.
MR COE: Minister, given that the property market is flat, will you consider reducing the LVC back to the 75 per cent remission rate to provide relief to the building sector and home buyers, which the Treasurer has advised would cost only $6 million across the forward estimates?
MR BARR: A 75 per cent LVC remission rate applies to a large number of redevelopments in the city currently as a result of instruments I signed prior to the election.
MADAM SPEAKER: Supplementary, Mr Coe.
MR COE: Treasurer, when will the territory collect the $21 million outstanding?
MR BARR: When the developers pay their LVC.
MR GENTLEMAN: My question is to the Chief Minister. Chief Minister, could you outline the key priorities for this government over the next four years?
MS GALLAGHER: Mr Gentleman, welcome back to the Assembly's question time, and I thank you very much for your question. One of the most important responsibilities of any government, and indeed the Assembly more broadly, is to make sure that we stay focused on delivering a very bright future for this city. This was very much at the centre of our thinking when we shaped our policies and our commitments going in to the election. It is now a great privilege for all of us on this side of the chamber to be in a position to deliver on those commitments, and that will be very much at the forefront of our minds over the next four years.
The first area in terms of setting goals for the future is one about transforming Canberra. We have spoken a lot about that. We have a great opportunity over the next four years in our approach to services and also to infrastructure across the city. Projects like the light rail project will transform the city over time. Some of the work we are doing in looking at the role and master planning for the city centres, including the very important work that is done in Civic, as the heart of the city, will be important to the future of this city. The Northbourne Avenue redevelopment project