BIODIVERSITY,
CONSERVATION AND ATTRACTIONS — 2020–21 ANNUAL REPORT
774. Hon COLIN de GRUSSA to the minister representing the
Minister for Environment:
I ask this question on behalf of
Hon Tjorn Sibma, who is away on urgent parliamentary business.
I refer to pages 9 and 10 of the
Department of Biodiversity, Conservation and Attractions' 2020–21
Annual report. In relation to the $142.5 million positive variation in
actual versus targeted total equity —
(1) Which parcel
of DBCA land was revalued upwards to improve the department's equity
position and what prompted that revaluation?
(2) Who conducted the revaluation?
(3) Will the minister table that
revaluation report?
(4) If no to (3), why not?
Hon
STEPHEN DAWSON replied:
I thank Hon Tjorn Sibma for some
notice of the question. The following answer is provided on behalf of the
Minister for Environment.
(1)–(4) The
department holds a significant number of land parcels—more than 3 500—which
are spread across the state. For financial reporting purposes, the Western Australian
Land Information Authority, Landgate, annually assesses and provides values for
the department's land holdings. The department recognises and reports
the values in the annual report at fair value; these are audited by the Office
of the Auditor General. The valuation report
of 2020–21 determined that the total fair value of the department's
land at 30 June 2021 was $2.47 billion, including $3 million of new land
purchased in 2020–21, compared to fair value of $2.33 billion at 30 June
2020, a revaluation increment of $145.53 million.