Complete annual report 2010-11 - Land - NSW Government

State Property Authority
2010-2011 Annual Report
n Risk management and
insurance
In 2010-11 the Authority was insured with the Treasury
Managed Fund which is managed by the NSW Self
Insurance Corporation.
The Authority’s Audit and Risk Management function
operated under the broader Land and Property
Management Authority’s (LPMA) Audit and Risk Committee
until LPMA’s abolition on 3 April 2011. The Authority’s risk
management framework is now overseen by the Department
of Finance and Services Audit and Risk Committee.
The Authority’s proposed Internal Audit Plan 2011-12 is
currently being reviewed to reflect machinery of Government
changes announced in April 2011 and in consultation with
the Department of Finance and Services’ Audit and Risk
Committee’s review of the audit and risk management
governance model across the wider department.
The Authority also has an internal Corporate Risk
Management Committee. Under its charter the Corporate
Risk Management Committee is responsible for:
n risk management policy and planning
n risk monitoring, including periodic review of corporate
and divisional risk registers
n coordination of risk analyses and reporting/monitoring
mechanisms
n risk management reporting to the Executive Committee.
n Credit cards
Credit card usage within the Authority is largely limited to
claimable work-related travel expenses and expenditure for
minor purchases where the use of credit cards is a more
efficient means of payment.
In accordance with Treasurer’s Direction 205.01, credit
card usage by officers of the Authority during the reporting
period was in accordance with relevant Government policy,
Premier’s memoranda and Treasurer’s directions.
The Authority has in place a corporate credit card policy
that meets NSW Treasury guidelines.
n Land disposal
On 15 February 2011 the State Property Authority
exchanged contracts for the sale of Government owned
land to Moriah College for $27 million. The land was
acquired by the trustees of the Moriah College Building
Fund. Terms of the sale included an up-front deposit of
$6.75 million with the remainder to be paid three years
from the date of contract.
The Government had no requirement to retain the land
and Moriah College had a long-term lease with 90 years
remaining. The agreed sum represented the present value
of the existing lease, plus the value of converting the 90
year tenure to freehold, taking account of the restrictions
on title limiting the use of the land to education purposes.
Proceeds from the sale were directed to Consolidated Funds.
Access to documents relating to the disposal of the property
may be obtained under the Government Information (Public
Access) Act 2009 by contacting the Authority’s Government
Information Coordinator on (02) 9273 3940.
n Consumer response
The Authority is not engaged in front line service delivery
to the public. However, mechanisms are in place for client
agency feedback through its SPA Helpdesk facility and
online at spafeedback@spa.nsw.gov.au.
Over the past financial year the Authority’s SPA Helpdesk
has been the central service point for agency property
management issues. The Authority has ensured that property
management issues through this channel are dealt with
appropriately and with a high degree of client satisfaction.
The Authority also gauges client response to its service
delivery through its annual Tenant Satisfaction Survey,
aimed at achieving superior customer service.
n Privacy management
The Authority’s principal clients are other Government
agencies. Therefore, little of the information collected
and retained by the Authority falls within the definition of
personal information in accordance with the Privacy and
Personal Information Protection Act 1998 (PPIA Act).
During the reporting period the Authority did not receive
any applications for Internal Review under the PPIA Act.
The Authority’s Privacy Statement, Privacy Policy and
information on the lodgement of complaints are available
on the Authority’s website at www.spa.nsw.gov.au.
n Government Information
(Public Access) Act 2009
Review of Open Access Information
During the second quarter of 2010-11 the Authority
reviewed its program for the release of Government
information under Section 7 (3) of the Government
Information (Public Access) Act 2009 to identify the kinds
of information it holds that should, in the public interest,
be made publicly available without imposing unreasonable
additional costs on the Authority.
2010-2011 Annual Report 63