Wong, Sen Penny

Senator Wong: The Treasurer has provided the following answer to the honourable senator's question: Melbourne Office Canberra Office (1) What is the actual location, including the full street address, of each premises occupied by the Productivity Commission. Level 12 530 Collins Street Melbourne Levels 2, 4 & 5 15 Moore Street Canberra (2) In relation to each of the premises referred to in 1, are these premises: Rented Rented (a) owned by the Commonwealth; or (b) rented. (3) What is the actual amount of space in square metres occupied by, or allocated to, the Productivity Commission at each of the premises. 2817 square metres 2743 square metres (4) What is the actual amount of space in square metres occupied by, or allocated to, the Commonwealth Government at each of the premises. 2817 square metres 3233 square metres (5) For each of the premises that are owned by the Commonwealth: Not Applicable Not Applicable (a) what was the total purchase price of these premises and what was the purchase date; (b) what amount has been allocated as building depreciation from the date of purchase to the current date; and (c) what is the estimated current market value of these premises and on what basis has this market value been calculated or derived. (6) For each of the premises that are rented, what are the current lease terms including: (a) the date the lease was entered into; 1 June 2011 1 August 2007 (b) the current expiry date of the lease; 31 May 2021 30 April 2017 (c) any further options available under the lease; 1 x 5 years 1 x 5 years (d) the rental amount payable per square metre on an annual basis; and $350 (excl GST) $417 (excl GST) (e) the total rental amount payable for the premises on an annual basis. $989,377 (excl GST) $1,140,698 (excl GST) (7) When is the next rental review due and on what basis will any new rental be determined. 1 June 2012 – fixed annual increase (4%) 1 August 2012 – fixed annual increase (3.75%)