LOXTON LAND SALE

In reply to Mr PEDERICK (Hammond) (10 November 2010).

The Hon. M.F. O'BRIEN (Napier—Minister for Agriculture, Food and Fisheries, Minister for Forests, Minister for Regional Development, Minister for the Northern Suburbs): I am advised that the proceeds received for the sale of the two lots and associated buildings at Bookpurnong Road, Loxton was $315,000 in 2009-10.

As per Department of the Premier and Cabinet Circular PC114—Government Real Property Management, after adjusting for minor costs associated with the sale, and retention of part proceeds by DTF, PIRSA has been provided with $198,000 of investing expenditure authority in 2010-11. The funding is being utilised to upgrade fire safety systems at Struan Offices and Research Centre and to upgrade the Ceduna Fruit Fly Quarantine Station.

The sale of the third lot at Loxton in December 2010 is expected to generate sale proceeds of approximately $70,000. The recently revised DPC Circular 114 provides for PIRSA to receive investing expenditure authority of 50 per cent of the proceeds (approximately $35,000) for a Cabinet approved project or program. 'PIRSA intends to utilise these relatively minor proceeds for further regional works, subject to DTF confirmation that a 50 per cent portion of sale proceeds can be retained by the agency.