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Commonwealth Property Committee on firm ground

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Media ReleaseMinister for Administrative Services COMMONWEALTH PROPERTY COMMITTEE ON FIRM GROUND

The newly established Commonwealth Property Committee brings together extensive experience in both strategic property and financial management, the Minister for Administrative Services, David Jull, said today.

Mr Jull was responding to criticism from the Australian Institute of Valuers and Land Economists about the composition of the Committee.

“Clearly when any Committee is established, there will be some sections of the community who are disappointed with its composition. .

“The Committee established by the Government capitalises on the value of long term experience in both public and private sectors,” Mr Jull said. I

“The Institute of Valuers and Land Economists may be disappointed that they are not directly represented on the Committee, yet the Government will be drawing extensively upon the expertise of their members during the property review and sales process.”

Mr Jull provided further details of the membership and background of the Commonwealth Property Committee.

“The Committee is made up of two public sector members with impressive backgrounds in public sector financial management and reform.

“The two private sector members, Mr John O’Grady and Mr Peter Delaney, are also exceptionally well qualified. Between them they share more than twenty years of experience in all aspects of positioning, structuring, funding and disposal of property portfolios.

“Mr O’ Grady was a member of the Domestic Property Taskforce, and brings continuity to the process of property review in addition to his strong background in commercial property management. He is a commercial lawyers who has been actively involved in the Building

Owners and Managers’ Association for the past ten years, holding the position of President of the South Australian Division for two years,” said Mr Jull.

“Mr Delaney has an extensive track record in advising Government agencies on property ownership, investment and disposal issues.

Parliament House, C anberra, ACT 2600 · Tel: (06) 277 7600 · Fax:(06) 273 4541


“With the membership of the Committee, and the involvement of bodies such as the Institute of Valuers and Land Economists, the Government will be getting comprehensive, strategic and balanced advice in managing its property portfolio,” he said.

26 August 1996

Contact: Penny Farnsworth (06) 277 7600 (0419)495 191