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Department of Climate Change, Energy, the Environment and Water / Perisher Ski Area Lease - CML - 136-001-01969

Contract Award Notice ID 136-001-01969
Publish Date 2-Dec-2011
Category Lease and rental of property or building
Agency National Parks & Wildlife Service
Particulars of the goods or services to be provided under this contract

Consolidated Mountain Lease within the Perisher Valley to Perisher Blue Pty Limited

Contract Duration 1-Jul-2008 to 30-Jun-2048

Contract Award Notice Details

Contractor Name Perisher Blue Pty Limited
ACN 061232488
ABN 82 061 232 488
Is an Aboriginal or Torres Strait Islander owned business No
Street Address PO Box 42
Town/City Perisher Valley
State/Territory NSW
Postcode 2624
Country AUSTRALIA


Other private sector entities involved in, with an interest in or benefiting from this contract

Not Applicable

Estimated amount payable to the contractor (including GST)

$90,000,000.00 (Real property leased)

Any provisions for payment to the contractor for operational or maintenance services

General Maintanence Provisons

Method of Tendering

Non Tender

Description of any provision under which the amount payable to the contractor may be varied

Estimated rent of $90mill over the term of the lease. Unable to quantify total value due to sales turnover and market reviews.

Description of any provisions under which the contract may be renegotiated

Not Applicable


Contract Contains Agency 'PiggyBack' Clause

No


Industrial Relations Details for this Contract
Name of Sub-contractors (incl. ABN & ACN)

Not Applicable

Applicable Industrial Instruments

Not Applicable

Location of Work

Not Applicable

NSW Industrial Relations inspectors routinely audit the employment records of contractors and sub-contractors to all NSW Government contracts. The results of these inspections are published on the NSW Industrial Relations website.

Agency Contact Vince Rago


Particulars of future transfers of assets to the State, at zero or nominal cost to the State, including the date of their transfer

Not Applicable

Particulars of future transfers of assets to the contractor including the date of their transfer

Not Applicable

The results of any cost-benefit analysis of the contract conducted by the agency

Independant Valuation by expert valuer

The components and quantum of the public sector comparator if used

Not Applicable

If relevant, a summary of information used in the contractor's full base case financial model (for example, the pricing formula for tolls or usage charges)

Not Applicable

If relevant, particulars of how risk, during the construction and operational phases of a contract to undertake a specific project (such as construction, infrastructure or property development), is to be apportioned between the parties, quantified (where practicable) in net present-value terms and specifying the major assumptions involved

Not Applicable

Particulars as to any significant guarantees or undertakings between the parties, including any guarantees or undertakings with respect to loan agreements entered into or proposed to be entered into

Bank Guarantee $1,000,000 for lease complaince

Particulars of any other key elements of the contract

Lease structures so lesssee pays the greater of a base rent (CPI) or turnover component.

Rental Reviews.

A web site address which provides direct access to the complete contract less confidential information
Has the contract or any provisions within it been withheld from this disclosure under the exemptions provisions of the GIPA Act Section 32? (YES or NO)
No
If yes to the above, what are the reasons why the contract, or provisions therein, have not been provided?

Not Applicable

If yes to the above, is it intended that the contract or those provisions be published at a later date, and if so, when?

Not Applicable

If yes to the above, when some but not all provisions of the contract have been published, a general description of the types of provisions that have not been provided

Not Applicable