Renewal SA

In reply to Ms CHAPMAN (Bragg—Deputy Leader of the Opposition) (17 July 2014). (Estimates Committee A) (First Session)

The Hon. J.R. RAU (Enfield—Deputy Premier, Attorney-General, Minister for Justice Reform, Minister for Planning, Minister for Housing and Urban Development, Minister for Industrial Relations, Minister for Child Protection Reform): I have been provided the following advice:

There were two deferred commercial property sales from 2013-14:

1. Optus Building, which reduced the 2013-14 dividend by $10.860 million. This sale was deferred to 2017-18 which is when the current lease option is due to expire.

2. New Castalloy Building, which reduced the 2013-14 dividend by $3.400 million. This sale was deferred beyond the forward estimates following new arrangements with the current tenant to extend the lease.