Page 2473 - Week 07 - Thursday, 27 August 2020
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Government—lease variation revenue
(Question No 3293)
Mrs Dunne asked the Treasurer, upon notice, on 28 August 2020:
(1) How much revenue has the ACT received from Lease Variation Charges under (a) Division 9.6.2, (b) Section 276E and (c) Section 276, of the Planning and Development Act 2007 for (i) 2016-17, (ii) 2017-18, (iii) 2018-19, (iv) 2019-20, (v) 2020-21 (estimate/forecast) and (vi) 2021-22 (estimate/forecast).
(2) How much revenue has the ACT received from sales of Crown leases for (a) 2016-17, (b) 2017-18, (c) 2018-19, (d) 2019-20, (e) 2020-21 (estimate/forecast) and (f) 2021-22 (estimate/forecast).
Mr Barr: The answer to the member’s question is as follows:
(1)
|
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 | |
|
Actual $’000 |
Actual $’000 |
Actual $’000 |
Actual $’000 |
Estimate $’000 |
Estimate $’000 | |
|
Division 9.6.2 LVC charges received1 |
69,715 |
64,001 |
43,558 |
39,992 |
41,184 |
45,551 |
|
Section 276 LVC charges received2 |
3,020 |
3,129 |
2,711 |
4,328 |
N/A |
N/A |
1 Revenue comprises the consideration paid and fees applicable for the transfer of a land rent lease to a nominal crown lease
2 All revenue raised from the application of section 276 is collected through the operation of section 276E. Section 276E is for codified LVCs. Codified LVCs are not separately estimated.
(2)
|
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 | |
|
Actual $’000 |
Actual $’000 |
Actual $’000 |
Actual $’000 |
Estimates $’000 |
Estimates $’000 | |
|
Revenue relating to Sales of blocks on new estates |
N/A |
245,298 |
284,574 |
189,149 |
257,886 |
187,316 |
Note: The revenue above includes all forms of sales and Joint Venture sales relating to the blocks in new estates (Greenfield estates) and excluding Public Housing sales. Revenue for 2016-17 is not included as it pre-dates the establishment of the SLA.
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