Legislative Assembly for the ACT: 2017 Week 02 Hansard (Thursday, 16 February 2017) . . Page.. 690 ..
included in each set of Board papers, which sets out the specific nature of a real or perceived conflict. The Chairman of the Board invites further declarations of conflict of interest at the commencement of each Board meeting as per s. 87 of the Financial Management Act 1996.
Consistent with s. 88 of the Act where a material interest is identified, the relevant Board member is not permitted to participate in discussion or decision relating to the matter. Further, the LDA Board has a requirement for identified or potential conflicts of interest whereby the relevant Board member does not receive any Board papers related to the matter.
(2) I am advised that it would be a considerable task to undertake a calculation such as this. However I can advise that the usual practice when undertaking an acquisition of property from individuals or companies is to seek a valuation from qualified valuers to help inform the process of negotiating the price that is paid by a willing seller and a willing buyer.
In the case of the acquisition of Block 24 Section 65 City known as Glebe Park, the LDA relied on informal advice from a qualified valuer - Colliers International - for the purpose of negotiating the acquisition.
(Question No 27)
Ms Le Couteur: Asked the Minister for Economic Development, upon notice, on 16 December 2016 (redirected to the Minister for Regulatory Services):
(1) What monitoring occurs in relation to commercial lessees’ adherence to lease purpose clauses.
(2) How many are pursued for non-compliance to lease purpose clauses.
(3) What are the reasons for non-compliance to lease purpose clauses.
Mr Ramsay: The answer to the member’s question is as follows:
(1) Access Canberra reviews adherence to lease purpose clauses during compliance audits of:
• Certificates of Occupancy and Use (COU);
• breaches of the building and development provisions of the Crown lease;
• Certificate of Compliance Applications, where the application is assessed against all relevant provisions of the Crown lease; and
• planning and building complaints.
(2) For the first quarter of financial year 2016/17 Access Canberra’s complaints and investigations areas encountered 49 separate breaches of lease matters. Whilst these related to various types of buildings, the reporting systems are not able to breakdown information to identify the number of commercial leases involved.