MOTOR ACCIDENT COMMISSION PROPERTY PORTFOLIO

In reply to Mr HAMILTON-SMITH (Waite—Leader of the Opposition) (25 June 2009).

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): I am advised 11 commercial and industrial properties are currently held by the Motor Accident Commission (MAC) CTP Fund. They are as follows:

99 Gawler Place, Adelaide SA—Commercial Property;

113 Ledger Road, Beverley SA—Industrial Property;

2 Cyanamid Street, Laverton North Victoria—Industrial Property;

24—32 Stanley Drive, Beverley Victoria—Industrial Property;

50 Cyanamid Street, Laverton North Victoria—Industrial Property;

105—109 William Angliss Drive, Laverton North Victoria—Industrial Property;

356 Collins Street, Melbourne Victoria—Commercial Property;

3 Talavera Road, North Ryde NSW—Industrial Property;

370 Nudgee Road, Hendra QLD—Industrial Property;

Building 8/2404 Logan Road, Eight Mile Plains QLD—Commercial Property;

Building 17/2404 Logan Road, Eight Mile Plains QLD—Commercial Property.

MAC constantly reviews the property market in search of opportunities. A couple of properties will be considered for sale once the market strengthens. MAC management is investigating a number of prospective acquisitions to replace any potential sales.