House of Assembly Fifty-Fifth Parliament, First Session (55-1) 55 1 Parliament of South Australia House of Assembly published Answers to Questions Auditor-General's Report Auditor-General's Report The Hon. J.A.W. GARDNER House of Assembly Morialta Deputy Leader of the Opposition Auditor-General's Report In reply to the Hon. J.A.W. GARDNER (Morialta—Deputy Leader of the Opposition) (30 October 2024). The Hon. B.I. BOYER House of Assembly Wright Minister for Education, Training and Skills Auditor-General's Report The Hon. B.I. BOYER (Wright—Minister for Education, Training and Skills): I have been advised: The revaluation of TAFE SA land and buildings in the 2023-24 financial year was undertaken for the purpose of TAFE SA complying with Australian Accounting Standards and Treasurer's Instructions. The change in value by site is provided in the attached table. The movement was principally due to increases in the market value of land and increases in building construction costs that have occurred since the last valuation in 2019. The property values reported in TAFE SA's financial statements are not used for determining property rates and taxes (including council rates and emergency services levy), as property rates and taxes generally apply values determined by the Valuer-General. Revaluation by Property (year ended 30 June 2024) Building Property Revaluation Adjustment ($'M) Land, Building & Improvements—TOTAL ADELAIDE ARTS TAFE 7.3 ADELAIDE TAFE 58.9 BAROSSA VALLEY TAFE 5.1 BERRI TAFE 2.7 CEDUNA TAFE 1.7 COOBER PEDYTAFE 1.4 ELIZABETH TAFE 12.3 GILLES PLAINS TAFE 26.2 KADINA TAFE 1.8 MOUNT BARKER TAFE (3.6) MOUNT GAMBIER TAFE 10.9 MURRAY BRIDGE TAFE (0.1) NOARLUNGA TAFE 11.5 PORT ADELAIDE TAFE 14.2 PORT AUGUSTA TAFE 8.6 PORT LINCOLN TAFE 5.4 PORT PIRIE TAFE 4.6 REGENCY TAFE 48.5 SALISBURY TAFE 10.9 TEATREE GULLY TAFE 39.5 NONSLEEPER TAFE 37.5 VICTOR HARBOR TAFE 1.9 WHYALLA TAFE 8.9 URRBRAE CAMPUS 0.0 LOBETHAL 0.0 KADINA LAND ( 0.2.) Leasehold and General Building Improvements 0.0 316.1