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Legislative Assembly for the ACT: 2013 Week 8 Hansard (6 June) . . Page.. 2460..


Budget—lease variation charge (Question No 121)

Mr Smyth asked the Treasurer, upon notice, on 15 May 2013:

(1) Of the 82 applications in the Lease Variation Charge System valued at $15.411 million as of 4 April 2013, including the following elements: 45 residential redevelopments with assessed revenue of $2.344 million, 13 commercial applications with assessed revenue of $1.570 million, 7 industrial applications with assessed revenue of $0.443 million and 17 mixed redevelopment applications, with approximately $11.054 million in assessed revenue, does this cover 21 months or is this from 1 July 2012?

(2) Of the amount that has been received, how much of it relates to applications made under the previous CUC system.

Mr Barr: The answer to the member's question is as follows:

(1) The 82 applications in the Lease Variation Charge System valued at $15.411 million as of 4 April 2013, relate to development application determinations effective from 25 March 2011.

(2) The $15.411 million revenue mentioned above has been assessed but is awaiting payment. Of this, $8.405 million is from the CUC system.

Budget—lease variation charge (Question No 122)

Mr Smyth asked the Treasurer, upon notice, on 15 May 2013:

(1) Of the $7.361 million in revenue from the Lease Variation Charge received to 4 April 2013 on 115 applications, including the following elements: $1.735 million from residential redevelopments, $0.888 million from commercial sector redevelopments, $0.460 million from industrial redevelopments, $4.278 million from mixed and other redevelopments, does this cover 21 months or is this from 1 July 2012.

(2) Of the amount that has been received, how much of it relates to applications made under the previous CUC system.

Mr Barr: The answer to the member's question is as follows:

(1) The $7.361 million in revenue from the Lease Variation Charge received to 4 April 2013 on 115 applications, relates to the period 1 July 2012 to 4 April 2013.

(2) Of the $7.361 million dollars received, $5.575 million relates to determinations from the previous CUC system.


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