Complete annual report 2010-11 - Land - NSW Government

n Our charter
The State Property Authority is the NSW Government’s
specialist commercial real estate service provider.
Established in September 2006 under the State Property
Authority Act 2006, the Authority primarily deals in
the acquisition, management and disposal of property
vested in the Crown and Government agencies. The
Authority deals in generic properties such as offices,
warehouses, depots and car parks.
Following the abolition of the Land and Property
Management Authority in April 2011, the State Property
Authority was realigned with the Department of Finance
and Services to become a non-controlled financial entity of
that department.
n Aims and objectives
The Authority’s major focus is on the planning, acquisition
and commercial management of the NSW Government’s
office accommodation portfolio, with the aim of achieving
sustainable and efficient performance that meets agencies’
service delivery needs.
The Authority’s principal objectives, as embodied in the
State Property Authority Act 2006, are to:
n improve operational efficiencies in the use of properties
by Government agencies
n manage properties of Government agencies in ways
that support the delivery of Government services by
agencies
n advise the Government on property matters
n operate at least as efficiently as any comparable
business.
With its specialist industry knowledge and expertise,
the Authority works closely with Government agencies
to manage property more efficiently and effectively and
generate whole-of-government savings and economic
benefits. The centralised leasing and management of
the Government’s property assets in the Authority allows
agencies to better focus on the delivery of key services to
NSW communities.
The State Property Authority reports to the Minister for
Finance and Services in the exercise of its functions. The
Authority also advises the Treasurer on matters relating to
the properties of Government agencies and the Authority’s
performance against its business planning framework.
4
State Property Authority