RIVERSIDE BUILDING

In reply to the Hon. S.G. WADE (28 June 2012).

The Hon. I.K. HUNTER (Minister for Communities and Social Inclusion, Minister for Social Housing, Minister for Disabilities, Minister for Youth, Minister for Volunteers): I am advised:

1. The 2011-12 fit-out for the Riverside Centre comprised half of Level 8, the Level 8 Board Room and the SW North Terrace Level. The total cost of the fit-out is $1.077 million. This comprised of $0.853 million investing expenditure and $0.224 million of operating expenditure.

2. The project did not exceed budget. While the investing expenditure of $0.853 million is $77,000 higher than the Estimated Result of $0.776 million reported in the Agency Statements, this was offset by a corresponding underspend in the operating expenditure associated with the project.

3. The majority of funding for the overall Riverside project was incentive funding provided by the building owner. Additionally we are saving money over forward years by terminating existing leases and centralising staff at Riverside Centre.