ENVIRONMENT AND HERITAGE DEPARTMENT LAND

In reply to Mr WILLIAMS (MacKillop) (11 November 2008).

The Hon. J.W. WEATHERILL (Cheltenham—Minister for Environment and Conservation, Minister for Early Childhood Development, Minister for Aboriginal Affairs and Reconciliation, Minister Assisting the Premier in Cabinet Business and Public Sector Management): I am advised:

During 2007-08, one parcel of land was sold by the Department for Environment and Heritage (DEH) reducing the number of parcels from 105 to 104. At the time that this parcel of land was recognised in the accounts in 2000-01, its original value (Book Value) was $675 as per the Australian Valuer General valuation. Its subsequent sale reduced the total value of land held for resale by DEH from $950,500 (rounded to $951,000) to $949,825 (rounded to $950,000).

This parcel of land was sold at a Market Value of $65,000 with net proceeds (that is, less selling costs) of $52,966 being returned to the Consolidated Account.