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The Hon. Dr ARTHUR CHESTERFIELD-EVANS: With some trepidation, I direct my question to the Treasurer. Was the 39.63-hectare Flemington Market site valued by the Valuer-General on 31 March 1992 at $201.5 million? Is the Treasurer aware of how land prices have soared since that time? Did the Treasurer take all necessary steps to ensure that the land was sold at its true value? Why has the Government committed $1.5 million to maximise the value of the land after it was sold to a private company? Why in 2002 did the Government accept only $83 million for the land, including the recently refurbished multistorey market plaza, parking stations, government buildings and commercial and residential properties? Was there an offer to purchase the site for hundreds of millions of dollars above the final sale price?
The Hon. MICHAEL EGAN: I am glad the honourable member said he asked the question with some trepidation. I am pleased that I induce that state in him. However, he must be kidding if he thinks I have all those details in my head. I will certainly have a look at the question and see whether I can provide an answer.