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Legislative Assembly for the ACT: 1996 Week 13 Hansard (3 December) . . Page.. 4324 ..

MR MOORE (continuing):

There is then a comment about the particular financial aspects. About the financial aspects - and I think it is a critical thing - it says that the offers would be totally inadequate. I am not going to give the figures, because I believe it is the figures that would have caused you some concern, Mr Speaker. The minute continues:

It also ignores the benefits to Lend Lease flowing from the very substantial increase in the capitalized value of their property. Similarly, the current "competitive disadvantage" claimed by Lend Lease must also decline over time with the progressive introduction of parking charges in Belconnen and Tuggeranong.

The third point - and I think this is the critical issue, Mr Speaker - is:

There are unanswered concerns about future redevelopment of the sites. In particular, information is needed in the following four areas:

(a) Only part (Block 6) of Section 19 is car park, with the remainder as office/retail. Who holds the lease on this?

(b) What are the lease periods and conditions for the similar car parks at Belconnen Mall and the Tuggeranong Hyperdome? ...

(c) Lend Lease propose ongrade car parking on Sections 13 and 19. What are their plans for Section 17?

(d) What are the arrangements if Lend Lease want to redevelop any or all of the three sites in the future?

I think this is the very critical question, Mr Speaker:

What are the arrangements if Lend Lease want to redevelop any or all of the three sites in the future? If the leases were surrendered, would the ACT Government have to reimburse any part of the lump sum paid for the lease?

Ms McRae: Mr Speaker, I raise a point of order. The motion before us, surely, is whether something should or should not be published. We seem to be getting an awful lot of debating points about the merits or non-merits of the actual material. I wonder whether that is all relevant.

MR MOORE: I will pay attention to what Ms McRae has raised. I think what I have raised so far is the real issue that these papers illustrate. These papers illustrate that there was considerable objection and very good reasons, which are in these papers, why Lend Lease ought not to have been given a short-term lease over the car parking area in Woden that we referred to.

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