Page 844 - Week 03 - Thursday, 22 March 1990
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CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY
LEGISLATIVE ASSEMBLY QUESTION
QUESTION WITHOUT NOTICE
Industrial Leases
Asked on 20 March 1990
MR MOORE: COULD THE CHIEF MINISTER INFORM THE ASSEMBLY IF THE ACT ADMINISTRATION GRANTED A LEASE IN AN INDUSTRIAL AREA TO THE ROAD BUILDING COMPANY - DOWSE WITH LITTLE OR NO PREMIUMS OR EVEN IF A PREMIUM WAS EVER PAID TO THE SITE. HOW MUCH WAS THE PREMIUM AND HOW WAS THE VALUE DETERMINED. CAN THE CHIEF MINISTER ALSO ADVISE IF THE ACT ADMINISTRATION IS AWARE OF THE SUBSEQUENT SALE OF THE SITE TWO YEARS LATER FOR AN AMOUNT OF $200,000 CONTRARY TO THE LEASE PROVISIONS RELATING TO THE PERFORMANCE, NO IMPROVEMENTS WERE OR HAVE BEEN UNDERTAKEN ON THAT SITE?
MY ANSWER IS:
(LEASE AND PREMIUMS)
DOWSE PTY LIMITED APPLIED FOR THE DIRECT GRANT OF A PARCEL OF INDUSTRIAL LAND IN AUGUST 1982.
ON 26 OCTOBER 1984 THE COMMONWEALTH, THROUGH ITS DEPARTMENT OF TERRITORIES AND LOCAL GOVERNMENT, GRANTED A RIGHT TO THE LEASE OF A BLOCK IN THE INDUSTRIAL ARTS OF MITCHELL TO DOWSE PTY LIMITED.
THIS IS A MATTER OF PUBLIC RECORD AND A SEARCH OF VOLUME 1027 FOLIO 88 AT THE LAND TITLES REGISTRY WILL REVEAL THAT BLOCK 8 SECTION 18 MITCHELL WAS LEASED SUBJECT TO AN ANNUAL LAND RENT OF FOUR THOUSAND EIGHT HUNDRED DOLLARS ($4,800).
THE GRANT OF THE LEASE OF BLOCK 8 SECTION 18 MITCHELL WAS IS ACCORDANCE WITH THE POLICY EXISTING AT THAT TIME. NO PREMIUM WAS PAYABLE FOR THE LEASE BUT LAND RENT WAS SET, IN ACCORDANCE WITH POLICY, AT 10$ OF THE 1984 SITE VALUE AS ASSESSED BY THE CHIEF VALUER OF THE AUSTRALIAN TAXATION OFFICE.
(SUBSEQUENT SALE FOR $200,000)
THE SALE OF THE PROPERTY IS A MATTER OF PUBLIC RECORD AND A SEARCH OF THE SAME DOCUMENT AT THE LAND TITLES REGISTRY WILL REVEAL THAT TRANSFER DOCUMENT NUMBER 626923 RECORDS THE TRANSFER OF THE CROWN LEASE ON 19 AUGUST 1988 FROM DOWSE PTY LIMITED TO JOHN HASKINS AND STAFF LIMITED FOR THE CONSIDERATION OF TWO HUNDRED AND TWENTY THOUSAND DOLLARS ($220,000).
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