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Legislative Assembly for the ACT: 1998 Week 4 Hansard (25 June) . . Page.. 1168 ..

Ms Carnell - the answer to the Member's question is as follows:

(1) The Government has identified a potential new use for the land left vacant by the closure of the Phillip Vehicle Testing Station.

(2) The Government has, as part of an assistance package under the ACT Business Incentive Scheme, made a decision to arrange for the lease of the site and has entered into an Agreement with an organisation. Final execution of any lease arrangement is contingent on the company meeting specific contracted obligations under the terms of the Agreement.

(3) (a) No public tender process was involved

(b) The Assistance Agreement involves a Queanbeyan company

(c) The Agreement was formally executed on 13 March 1998. However, the assistance provided in the Agreement is conditional on the company fulfilling certain obligations.

(d) The company paid $500,000 for a lease. The company estimates it will be expending in excess of $2.5 million to upgrade the site.

(e) The Government has made no formal announcement because the Assistance Agreement is conditional upon the company meeting certain preliminary obligations. The company is in the process of fulfilling these and no announcement will be made until it does so.

(f) No.

(g) The potential new use proposed by the company involves the organisation setting up an international headquarters office to conduct research, development and marketing of high technology electronic instrumentation and in the process potentially create 140 new highly skilled and professional jobs for the region. This is aligned to the Government's policy of creating employment opportunities in advanced technology fields.

(4) The ACT Government has obtained Commonwealth Government Australian Valuation Office's valuation on the site. The value advised was $2.1 million.

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