Government Property NSW Act 2006
Property NSW operates under the following principal legislation:
Premier's Memorandum 2012-20
The Government has adopted new property principles and has made changes to the name and activities of the State Property Authority (SPA) as part of putting them into practise. The new name of the State Property Authority is Government Property NSW, effective from 12 December 2012. Government Property NSW was re-branded as Property NSW in July 2016.
The requirements outlined in this Memorandum and the attached Government Property Principles apply immediately to all General Government Sector agencies and Public Trading Enterprises (excluding State Owned Corporations). Share holding Ministers and Boards of State Owned Corporations are encouraged to use the services of Property NSW where their organisations do not have the necessary in-house expertise.
The full memorandum can be accessed via the following link:
Roles and Responsibilities for Accommodation occupied by Agencies
The Roles and Responsibilities documents below reflect the obligations of the parties in conjunction with the terms of any correlating transaction documents (Leases, Licences) for the Premises
Premises owned by Property NSW
Premises owned by a third party of Lessor or Licensor
Property Asset Utilisation Taskforce (PAUT)
The Property Asset Utilisation Taskforce (PAUT) was established to identify and make recommendations about capturing efficiencies in the NSW Government’s ownership, utilisation and management of its owned and leased property portfolio. The PAUT delivered their report to Cabinet in November 2012.
The full report can be accessed via the following link:
Following a subsequent review of local and international best practice, the Government has adopted new principles to improve the management of government property assets and support the delivery of core services.
These principles, which are rolling out across government, include incentives to improve utilisation of Government’s property portfolio, separating property management from service delivery to ensure independence and transparency of these respective functions, further developing specialised property systems and capabilities, and undertaking more robust reporting on portfolio performance across whole of government.
The new principles will improve asset utilisation, enhance service delivery and drive savings for government, while increasing transparency across the Government’s property portfolio.
Read the media release here.
Property Infrastructure Policy (PIP)
In 2017, the NSW Government approved a new policy to assist agencies with the identification of surplus and underutilised real property assets and make whole-of- government decisions on the future use of these assets to support the State’s objectives.
The Property Infrastructure Policy will see Property NSW undertake detailed reviews of government’s property portfolio to identify surplus and underutilised assets which may be suitable for transfer to other government agencies or sold to deliver housing or social infrastructure.
The Policy will encourage a whole-of-government approach to the allocation of the State’s real property capital that will ultimately assist the State in delivering its significant infrastructure requirements.
The policy supports the NSW Government’s Housing Affordability Strategy, the Premier’s Priorities and complements the Greater Sydney Commission’s District Plans through the identification of land to deliver on housing and infrastructure requirements.
Read the media release here.
Asset Utilisation Recycling Plan (AURP)