Page 3119 - Week 09 - Tuesday, 22 August 2017

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I have some notes for Ms Berry’s portfolio as well. The Suburban Land Agency commenced on 1 July 2017, and the appointed board will provide a statement of intent, once developed, to the Treasurer for tabling in the Legislative Assembly as soon as practicable in accordance with section 62(3)(b) of the Financial Management Act.

The SLA is responsible for delivering the ACT government's suburban development program, including urban renewal in established town centres and suburbs. The objects of the agency are to encourage and promote inclusive communities through the delivery of people-focused neighbourhoods. Importantly, this includes the delivery of suburban developments which support affordable housing, a safe and healthy population, social inclusion, housing choice, and environmental sustainability. Some 77 FTE were transferred from the LDA to the SLA. The functions transferred include executive, project delivery teams for urban projects and greenfields, valuations and estate management, sales and marketing, and finance support. Functions for governance, ministerial and cabinet coordination, human resources, due diligence and predevelopment assessments are now provided by the Environment, Planning and Sustainable Development Directorate.

The government function has been strengthened by centralising the function within EPSDD to provide a greater focus on oversight on the government framework for the SLA. The agency is expected to generate $2.8 billion in land sales revenue over the four-year period from 2017-18 to 2020-21. The agency is expected to generate a return to government from dividends and income tax equivalent to $1 billion over the four-year period from 2017-18 to 2020-21.

The ACT government’s population and economy are growing strongly, and the government’s indicative land release program is an important facilitator to enable sustainable growth. Our government is committed to keeping and building upon Canberra’s strong liveability. 2017-18 to 2020-21 include land releases in three greenfield estates across Canberra. These estates include releases from Gungahlin to both sides of the Molonglo River and to the west of Belconnen.

Our overall residential land release target is 16,250 dwellings over the next four years. The ILRP also delivers opportunities for new development and renewal along the entire length of the light rail network, with commercial and mixed-use opportunities in Gungahlin town centre and a number of renewal precincts from Northbourne Avenue to the city.

Madam Speaker, the key initiatives I have talked about give a snapshot of the work being done in my planning, land management, urban renewal and environment and heritage portfolios. I am confident the budget allocation will contribute to making our city safer, more liveable and more attractive to residents and investors. Our environment will be better protected for the communities and species that inhabit it and the people who enjoy it the most.

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