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Legislative Assembly for the ACT: 2000 Week 1 Hansard (15 February) . . Page.. 48 ..
MR SMYTH: Without knowing the substance of the case, where somebody seeks to vary their lease there is a process that they can follow. If they are in breach of the current lease, I would expect that the compliance section of PALM would deal with that first and then deal with the variation. Sometimes that process can be done concurrently. Without knowing the specifics of the case, it is hard to comment. There are processes to ensure compliance and to vary the lease.
Ms Carnell: Mr Speaker, I ask that any further questions be placed on the notice paper.
MS CARNELL: Mr Speaker, on 25 November 1999 Mr Stanhope, during question time in the Assembly, asked a question relating to leasing arrangements between the Territory and the Australian Sports Commission. I have an answer to the member's question, Mr Speaker. I now ask for leave to have the answer incorporated in Hansard.
Leave granted.
The answer read as follows:
Mr Stanhope - Asked the Chief Minister upon notice on 25 November 1999:
1) Can the Minister tell the Assembly if the current sub-lease between the Territory and the Australian Sports Commission has been legally executed or does the Government rely for its tenure on sub-lease 820353, the only document that is currently held by the Titles Office.
2) What is the reason for the delay in executing the new lease arrangement?
MS CARNELL - The answer to the Member's question is as follows:
1 ) The Department of Treasury & Infrastructure is currently finalising with the Australian Sports Commission an extension to the existing lease.
The Prime Minister agreed to an extension of the current lease to the year 2024 with a commercially determined rental being applied during the period 2009 to 2024. This extension was provided on 15 April 1999. The Minister for Finance & Administration has subsequently ratified this lease arrangement by way of letter on 10 October 1999.
The peppercorn rental currently being paid will continue to apply until 31 December 2009.
The sub-lease that is currently in place, registered No. 820353, will be amended upon execution of the revised lease documentation. It will then reflect the lease period agreed to by the Prime Minister as a peppercorn lease through to the 31 December 2009 and a further lease period based on a commercially determined rental from January 2010 through to 31 December 2024.
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