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Legislative Assembly for the ACT: 1999 Week 8 Hansard (25 August) . . Page.. 2395 ..

MS CARNELL (continuing):

business activity. We require them to make that activity evident up front. We then determine whether that could detract in any way from their job. I would have to say in this case that there is just no way that I can see that this detracts from Mr Marshall's job.

I come back again to comments I made yesterday about mentioning public servants by name in this place. Ms Tucker could have approached me directly on this issue to determine whether the Government knew. She chose to raise it in a public forum. That is just having a go at public servants again.

I ask that all further questions be placed on the notice paper.

Bruce Stadium

MS CARNELL: Mr Speaker, I would like to give some more information about a question I answered in question time with regard to the confidentiality clauses. I am advised that the Brumbies contract has no explicit confidentiality clause, but they were approached after the Assembly motion, as I said, and they answered no. The Cosmos and the Raiders contracts do contain confidentiality clauses.

Eco-Land Development - McKellar and Fisher

MR HUMPHRIES: Mr Speaker, I want to clarify an answer I gave yesterday to the question from Ms Tucker about the granting of leases to Tokich Homes Pty Ltd. I told the Assembly yesterday that Tokich Homes Pty Ltd had paid market value for the land close to the McKellar shops and, in addition, will undertake revitalisation works to the value of $100,000 at the shops. I have become aware that this part of my response was incorrect and I wish to take the opportunity to correct the answer.

In assessing the market value to apply to the leases the Australian Valuation Office took into account the cost of the revitalisation works. The value of those works, therefore, was deducted from, rather than in addition to, the market price paid, and I apologise for that unintentional misleading of the Assembly. I appreciate that the answer given to question on notice No. 104 may have been misinterpreted for the same reason. I wish to confirm in respect of that answer that the cost of the revitalisation works was taken into account in assessing market value.

The valuation methodology applied in this case is consistent with long-standing methodology and the valuations undertaken by the Australian Valuation Office and applies not only to direct grants but also to leases sold by auction or tender. The Government's support for the direct grant of leases to Tokich Homes Pty Ltd was on the basis of the project's contribution to revitalising the McKellar centre at a time when there was little interest in local centres. It provides a residential development to support the local centre and it was supported in community consultations. We have no regrets about that aspect of the proposal.

Mr Speaker, I appreciate that the long-standing practice that was applied in determining the impact of associated works on market value may not always be appropriate. It is my view that we should review the practice in this area to see whether it is consistent with

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