Ministerial Statement

CITI CENTRE BUILDING

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations) (11:07): I seek leave to continue my remarks in the form of a ministerial statement.

Leave granted.

The Hon. K.O. FOLEY: I do not know what the issue there was but, anyway, there are only a few words to go. What I have been saying I think is valuable information. We have established a unit to assess the best method of realising the value of a number of government buildings. Whether it be direct sale, long-term lease, transfer of a lease, or any other method, we are scoping out a number of government assets. The error, in part, was also compounded by the fact that we tried to use an example that obviously was not necessarily the best example.

We are looking at buildings owned and tenanted by government, buildings owned by government and tenanted by the private sector, and buildings owned by statutory authorities or other parties and tenanted by the government. We will look at ways of realising value in these assets. We have many more buildings than we need to meet the target I have set aside for asset realisation, so the government's program is not affected by this. Again, I apologise to the house.