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Legislative Assembly for the ACT: 1999 Week 3 Hansard (25 March) . . Page.. 915 ..

(2) It is possible to sell land by auction, tender, ballot or direct grant. Ecoland applied for the sale of the land by direct grant. The application was assessed and it was considered that it met the criteria for the direct grant of land in accordance with Disallowable Instrument No 200 of 1997.

(3) The application lodged by Ecoland noted that Ecoland is a trading name for TokichHomes Pty Limited. The principals of Ecoland advised the lease should be issued in the name of Tokich Homes Pty Limited.

(4) In accordance with Disallowable Instrument No 200 of 1997 the sale of land is

at market value.

In accordance with normal practice, the Australian Valuation Office provided the current market value for the blocks.

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