Land Use Victoria
Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
Land Use Victoria provides land administration services and manages land information including on mortgages, covenants, caveats and easements. It currently operates as a distinct business entity within the broader Victorian Department of Environment, Land, Water and Planning. Land Use Victoria holds 3.4 million current titles securely stored electronically in the Victorian Online Titles System and processes more than 700,000 dealings each year.
In Victoria's 2017/18 Budget, the Government announced that it would undertake a scoping study to investigate options for divesting or long-term outsourcing of the land titles registry functions. The study was aimed at identifying options for improving customer service and increasing investment in technology, while protecting data security and access rights.
On 7 March 2018, the Victorian Government announced that, following the completion of the study, it would progress with commercialisation of Land Use Victoria and invite Expressions of Interest. It noted that the private operator will provide Land Use Victoria's land registry functions and transactions for a term of 40 years, after which responsibilities will return to the Government.
The Victorian Government confirmed that it will retain essential services including the Subdivisions, Application & Survey, Valuer-General Victoria, Surveyor-General Victoria, Land Information and Spatial Services, Government Land Advice and Coordination, and the Victorian Government Land Monitor.
The Government will also retain control over prices for statutory land registry services and monitor prices of non-statutory services. In addition, the Government will monitor service standards and impose financial penalties to ensure the private operator meets performance targets.
On 23 May 2018, the Victorian Legislative Council announced that the Standing Committee on Environment and Planning would undertake an inquiry into the proposed long-term lease of the land titles and registry functions of Land Use Victoria. Submissions into the inquiry closed on 22 June 2018. The Committee released its report on 8 August 2018.
On 27 August 2018, the Government announced Victorian Land Registry Services (VLRS) had been granted a 40-year concession to operate the land titles and registry functions of Land Use Victoria. VLRS is owned by First State Super.
The Victorian Government also confirmed that the State will retain control over prices for the statutory registry services. Price increases will be capped at CPI for non-statutory services provided by VLRS.
In Q4 2018, the Victorian Government reached contractual close on the transaction with VLRS.
Last reviewed: 01/11/2018