Joint Media Release

Over $80 Million in Efficiencies as Government Consolidates Property

MC 9/14

Senator the Hon. Mathias Cormann
Minister for Finance

Senator the Hon. Arthur Sinodinos AO
Assistant Treasurer

5 March 2014

The Department of Veteran Affairs and the Australian Taxation Office have agreed to co-locate their Canberra offices, which will result in approximately $84 million in efficiencies.

This is a great example of Government Departments and Agencies working collaboratively to find solutions that benefit the whole of the Australian Government.

The new arrangement will see the Department of Veteran Affairs move from their current Woden premises into the spare office space within the Australian Taxation Office’s Civic premises. 

The move is expected to take place from June 2016.

The $84 million in efficiencies will be realised over the 17 year term of the lease of the Australian Taxation Office building.

The Department of Finance will continue to look for opportunities exactly like this, particularly for all new property commitments over $30 million.

[ENDS]

Media Contact(s): 

For Senator Cormann – Karen Wu - 0428 350 139
For Senator Sinodinos – Lisa Macnamara – 0408 636 581