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Thursday, 5 February 2009
Page: 533


Dr KELLY (Parliamentary Secretary for Defence Support) (10:28 AM) —I move:

That, in accordance with the provisions of the Public Works Committee Act 1969, the following proposed work be referred to the Parliamentary Standing Committee on Public Works for consideration and report: Fit-out of new leased premises for the Australian Securities and Investments Commission in Sydney, New South Wales.

The Australian Securities and Investments Commission, ASIC, proposes to undertake a fit-out of new office accommodation at 100 Market Street in Sydney and to relocate all Sydney staff to these premises. ASIC currently occupies tenancies at 1 Martin Place, 77 Castlereagh Street and 55 Market Street. The lease for the largest tenancy at Martin Place expires in June 2010. The proposed fit-out is for 15,400 square metres over five contiguous floors at 100 Market Street. This will provide a single tenancy for all current and projected Sydney staff and will result in increased operational effectiveness. The fit-out will result in a flexible, efficient, collaborative and contemporary work environment which reflects current industry standards and accords with ASIC’s policies in relation to security of staff and information and occupational health and safety.

The estimated cost of the integrated fit-out is $30.8 million plus GST, including $2.5 million for security and $4.3 million for IT and communications infrastructure. The costs will be offset by a substantial lessor contribution to fit-out negotiated as part of the new lease. Subject to parliamentary approval, the planned integrated fit-out will maximise efficiencies in cost and time and will allow the fit-out works to commence in June 2009. This will in turn allow ASIC to take occupation before the lease expires at 1 Martin Place in June 2010. I commend the motion to the House.

Question agreed to.