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The role of the Commonwealth Government in Canberra as a property owner and tenant: speech to the Property Council of Australia - ACT division lunch, Canberra.
Speech by The Hon Lindsay Tanner MP Minister for Finance and Deregulation
Property Council of Australia - ACT Division Lunch
The role of the Commonwealth Government in Canberra as a property owner and tenant
Hyatt Hotel, Canberra Wednesday 28 October 2009
It is quite timely that I am speaking with you here today as I know that within the industry there has been quite a bit of discussion of late about the role that the Federal Government plays in the property industry here in the ACT.
In saying that I would expect that there would be an almost constant interest amongst those in this room about what the Commonwealth is doing in this area, both as a property owner and of course, as a tenant.
That interest is understandable given that Canberra is the third largest office market in the country and the Federal Government makes up more than half of that.
It is for that reason that I am pleased to be able to take this opportunity to inform you of the Government’s progress and priorities as a property owner and tenant.
The Department of Finance and Deregulation manages the Commonwealth's non-Defence property portfolio; a portfolio that I can safely assume is more diverse than those held by the majority of property owners with us today.
The portfolio includes office buildings of course, along with law courts, special purpose facilities, heritage properties, vacant land and contaminated sites. As the responsible Minister it is my duty to oversee the construction, refurbishment, acquisition, ownership and disposal of these properties.
My portfolio also includes responsibility for the efficient and effective management of public resources by Government agencies, including their use of property.
I am very strongly committed to the principles of effectiveness and efficiency in public sector management.
It is in line with these principles the Government has developed a framework to improve the way agencies manage Australian Government property.
Commonwealth Property Management Framework
The Commonwealth Property Management Framework has been established to guide efficient and effective management of Commonwealth property. The cornerstone of this framework is the Commonwealth Property Management Guidelines.
The Guidelines - which are available on the Finance website from today - outline a principles-based approach to property management to assist agencies achieve:
Page 1 of 5 Speech - Property Council of Australia - ACT Division Lunch