Page 2145 - Week 07 - Thursday, 16 May 2013

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are also part of the detailed analysis that has been undertaken to date and will continue to be undertaken to a greater and greater level of detail as we continue with development work on this project.

MADAM SPEAKER: A supplementary question, Mr Coe.

MR COE: Minister, is this estimate only an initial estimate rather than a final handover budget cost for the light rail project and does it include elements such as profit margins and contingencies? Specifically, what contingency is allowed for additional costs such as rain delays?

MR CORBELL: The figure the government has released publicly is its most recent cost estimate. It is an estimate and it is subject to further revision. As I have indicated to Mr Hanson, it includes a significant contingency.

Budget—lease variation charge

MR COE: My question is to the Treasurer. Last year a development application to remove the concessional lease status from block 5 section 24 Stirling, the site of the Weston Creek Labor Club, was approved. Treasurer, what lease variation charge revenue did the government receive as a result of that approval?

MR BARR: I will have to take that question on notice.

MADAM SPEAKER: A supplementary question, Mr Coe.

MR COE: Treasurer, how many other approvals have been given to applications to remove concessional leases held by clubs?

MR CORBELL: As Minister for Environment and Sustainable Development, I have the responsibility of assessing applications for removal of concessional lease status and the other mechanisms around that process. I am happy to take the question on notice.

MR GENTLEMAN: A supplementary question.

MADAM SPEAKER: Mr Gentleman.

MR GENTLEMAN: Minister, what is the process for removing concessional leases?

MR CORBELL: I thank Mr Gentleman for the question. The government has established a formal concessional lease removal process to provide clarity and certainty around this quite esoteric aspect of the ACT’s leasehold administration system. The requirement provides for the leaseholder to make application to the minister. They must do so through a formal development application process. They must identify whether or not there has been a concessional component associated with the lease, and if there has been a concessional component and they wish to have it removed, they must pay for that removal. So they must pay back to the territory, to the community, the value of the concession for the use of the land as specified in the lease. Once that concession is paid out or cashed out, it is no longer a concessional lease.

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