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Monday, 6 September 1993
Page: 994

(Question No. 355)

Senator Alston asked the Minister representing the Minister for Communications, upon notice, on 9 June 1993:

  (1) By State or territory, how many residential properties does the Australian Broadcasting Corporation (ABC) currently own and what is their total estimated value.

  (2) For each residential property sold by the ABC in the past two years in Darwin: (a) what was the address of the property; (b) was an independent valuation of the property sought by the ABC prior to the sale; if not, why not; if so, what was the valuation; (c) what amount was received by the ABC for its sale; (d) was the buyer an employee of the ABC; if so, was the sale on a restricted basis

in that it was offered only to ABC employees; and (e) on what basis otherwise was the sale made, public tender, public auction, through a private real estate agent, or any other and what means.

Senator Collins —The Minister for Communications has provided the following answer to the honourable senator's question, based on information provided by the Australian Broadcasting Corporation:

  (1) Details of residential properties owned by the ABC are as follows:






  The total current market value is $1,433,000.

  (2) (a) See attached schedule.

  (b) Yes, see attached schedule.

  (c) See attached schedule.

  (d) and (e) The properties were sold on the following basis:

  (i) Initially offered to existing ABC tenants and transferred officers at that location, for 85% of valuation, (consistent with practice of other Government agencies).

  (ii) If no takers under (i) offered to other ABC staff at location for 100% of valuation.

  (iii) If no takers under (i) or (ii), sold by public auction.

Details of the basis for each sale is shown on the attached schedule.


Amount of Valuation

Sale Date Method

Town Address Price Price Sold of Sale

NT Anula 110 Yanyula Drive 87,000 73,950 27/06/91 Staff 85%

NT Fannie Bay Unit 3/8-10

Phillip St 70,000 59,500 04/07/91 Staff 85%

NT Jingili 2 Knowles Street 83,000 70,550 27/06/91 Staff 85%

NT Leanyer Unit 2/6 Grassland

Cres 60,000 51,000 20/06/91 Staff 85%

NT Ludmilla 10 Wickham Street 130,000 130,000 03/09/91 Staff 100%

NT Nightcliff 8 Rankin Street 115,000 133,000 27/08/91 Public Auction

NT Parap 9 Gordon Street 120,000 102,000 02/07/91 Staff 85%

NT Parap 47/23 Hudson Fysh

Avenue 70,000 59,500 02/08/91 Staff 85%

NT Parap 22 Urquhart Street 115,000 115,000 13/08/91 Staff 100%

NT Stuart Park 11 Mary Street 95,000 80,750 23/07/91 Staff 85%

NT Stuart Park 6 Beatrice Street 110,000 93,500 18/07/91 Staff 85%

NT Stuart Park 7 Beatrice Street 165,000 140,250 02/07/92 Staff 85%

NT Tiwi 22 Calvert Street 72,000 72,000 18/07/91 Staff 100%

NT Wagaman 57 Tasman Circuit 83,000 83,000 28/06/91 Staff 100%

NT Wulagi 31 Rosella Crescent 80,000 68,000 10/07/91 Staff 85%

NT Wulagi 13 Bittern Street 79,000 79,000 28/06/91 Staff 100%