Legislative Assembly for the ACT: 2018 Week 01 Hansard (Thursday, 15 February 2018) . . Page.. 293 ..
Supplementary answers to questions without notice
MR GENTLEMAN: Yesterday Mr Coe asked me a question about modelling for the foreign investor surcharge. I can advise the Assembly that modelling of the foreign investor surcharge is based on estimated median property average unimproved values and the number of properties.
The estimate of foreign purchasers is based on data from the Foreign Investment Review Board 2015-16 annual report, which reports the volume of approved residential property investments in each jurisdiction. Analysis undertaken in developing the measure indicated that rents in the ACT are predominantly determined by supply and demand. The surcharge is unlikely have any significant effect on the private rental market.
MS BERRY: I was asked questions by the opposition about a Housing ACT complex in Lowanna Street, Braddon. There were concerns about fire safety in the building and the integrity of the complex. There have been experts engaged to determine the extent of the issues. That has been a time-consuming process but it is nearing completion.
Housing ACT has continued to work with the ACT Government Solicitor, the builder and relevant experts to resolve the issues that have been associated with this complex. I am not able to put a firm date on the resolution. However, Housing ACT will continue to work towards a solution with all of the other parties involved.
Leave of absence
Motion (by Mr Gentleman) agreed to:
That leave of absence be granted to Mr Pettersson for this sitting due to illness.
Suburban Land Agency—quarterly land acquisition report
Paper and statement by minister
MS BERRY (Ginninderra—Deputy Chief Minister, Minister for Education and Early Childhood Development, Minister for Housing and Suburban Development, Minister for the Prevention of Domestic and Family Violence, Minister for Women and Minister for Sport and Recreation) (3.40): For the information of members, I present the following paper:
City Renewal Authority and Suburban Land Agency Act, pursuant to subsection 43(2)—Suburban Land Agency—Land acquisitions quarterly report—1 October to 31 December 2017, dated February 2018.
I ask for leave to make a statement in relation to the paper.