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JOINT COMMITTEE ON PUBLIC WORKS - 26/05/2006 - Fit-out of new leased premises for the Australian Securities and Investments Commission at 120 Collins Street, Melbourne, Victoria
JOINT COMMITTEE ON PUBLIC WORKS
Joint committee
Friday, 26 May 2006
Fit-out of new leased premises for the Australian Securities and Investments Commission at 120 Collins Street, Melbourne, Victoria
Final

ACTING CHAIR (Mr Forrest) —I declare open this public hearing into the proposed fit-out of new leased premises for the Australian Securities and Investments Commission at 120 Collins Street, Melbourne, Victoria. This project was referred to the Public Works Committee on 29 March 2006 for consideration and report to parliament. In accordance with subsection 17(3) of the Public Works Committee Act 1969, which concerns the examination and reporting on a public work, the committee will have regard to:

(a)      the stated purpose of the work and its suitability for that purpose;

(b)     the necessity for, or the advisability of, carrying out the work;

(c)      the most effective use that can be made, in the carrying out of the work, of the moneys to be expended on the work;

(d)     where the work purports to be of a revenue-producing character, the amount of revenue that it may reasonably be expected to produce; and

(e)      the present and prospective public value of the work.

Earlier this morning the committee received a comprehensive confidential briefing from ASIC and inspected the current premises and the site of the proposed work. It is the proposal now that the committee will hear evidence from representatives of ASIC.

[11.13 am]