Government Land Monitor
The primary role of the Victorian Government Land Monitor (VGLM) is to provide government with an assurance of accountability and integrity in land transactions. It must ensure that transactions are legal, are in the public interest, and provide best results for government. To achieve this outcome, agencies are required to obtain VGLM approval to conduct transactions. The VGLM operates within the Department of Environment, Land, Water and Planning. It is responsible for:
- administration, review and maintenance of this policy and instructions
- promotion of best practice in land transactions
- ensuring that land is sold either by public process or by a process approved by the GLM
- provision of authoritative advice on land-related matters to the Minister
- promotion of, and participation in, improvements to legislation affecting land transactions or compensation
- provision of assistance in mediation and litigation
- providing assistance in project facilitation
What transactions require the approval of the VGLM
When an agency proposes to purchase, compulsorily acquire or sell land, or to grant or take an option over land, VGLM approval must be obtained:
- if the amount of the transaction is $750,000 or more
- if the land is part of a project; or if the land being offered for sale or being purchased or compulsorily acquired, comprises two or more properties/parcels/allotments/ titles amounting in total to $750,000 or more
- in circumstances of compulsory acquisition of land where the compensation is $750,000 or more
- in circumstances of compensation payable pursuant to the Planning and Environment Act 1987 where the compensation is $750,000 or more
- in circumstances of a transaction conducted under the Land Act 1958 where the consideration if $750,000 or more
- where it is proposed to grant or take an option over land which has a market value of $750,000 or more
- where directed by the Minister
- where there is a proposed change to a previous approval of the VGLM
- where the land is proposed to be sold by private treaty, the sale requires the approval of the Minister irrespective of value (refer to section 4.4 of VGLM Policy - see below)
- for trade sales, sales of infrastructure assets and state-owned enterprises involving land in accordance with section 6.6 of VGLM Policy - see below.
Unless special arrangements have been made with the VGLM, there must be no unconditional commitment or agreement, including 'without prejudice' offers, before approval for a transaction is obtained from the VGLM. In disputed matters that are before a court or tribunal or the subject of mediation or arbitration, an agency may make an offer conditional upon obtaining VGLM approval of that offer.
Victorian Government Land Monitor Publications
Victorian Government Land Transactions Policy and Guidelines
The policy establishes strict requirements for Victorian Government agencies when dealing with sale, acquisition or leasing of land. This policy identifies the roles and responsibilities of landholding Ministers and government agencies in undertaking land transactions.
The guidelines provide information and guidance to assist Victorian Government agencies comply with the requirements of the policy.
Victorian Government Landholding Policy and Guidelines
The purpose of this policy is to:
- ensure that land is only purchased or retained by Victorian Government agencies where the State owns the land
- promote the highest and best use of land by providing the opportunity for private and community sectors and other government agencies to further unlock the value inherent in the State's land estate
- require active management of land portfolios across Victorian Government agencies, which is essential to the good management of the State's balance sheet.
The purpose of these guidelines is to provide information and guidance to assist Victorian Government agencies to comply with requirements of the policy.
Victorian Government Strategic Crown Land Assessment
The purpose of this policy is to ensure that assessments are undertaken in respect of Crown Land that has been declared surplus to the requirements of the Victorian Government agency.
Contact the Victorian Government Land Monitor
Victorian Government Land Monitor
Department of Environment, Land, Water and Planning
2 Lonsdale Street,
Melbourne Vic 3000
Phone: (03) 9948 8570