1. Victorian Government Land Monitor
ISV
2018 Regional Conference
27 April 2018

2. Compliance Who? What? Why?
Role of the Victorian Government Land Monitor (VGLM)
Provide Government with an assurance of integrity,
impartiality and accountability in land transactions
Review & analyse each transaction $750K or more to ensure it is conducted in accordance with Policy
Transactions that do not require a submission must still comply with all relevant parts
Confirm relevant exemptions
Attend at valuers conference
Approve offer/s in disputed claims
To fulfil responsibilities VGLM has a role in monitoring and enforcing compliance

3. Reporting12 months to June 2017
Outcomes
>$1.215 Billion
Conferences
148
Transactions
469
Policy Advice 33

4. Introduction
Victorian Government Land Transaction Policy and Guidelines April 2016
The Victorian Government Land Monitor focus on implementation, means:
Verifying submission/s
Imbedding of policy requirements
Working with agencies to identify potential issues & risks
Advice on complex transactions from the start
Renewed focus on policy advice
Structured presentations and assistance to agencies

5. Current Projects Melbourne Metro Level Crossing Removal Project
West Gate Tunnel Project
Chandler Highway upgrade
Darebin Yarra Trail
Outer Suburban Arterial Roads (OSARs Program) 
Yan Yean Road upgrade
Drysdale Bypass
Mordialloc Freeway Victorian Budget 2018/19
Vic Roads
Director of Housing - Public Housing Renewal Program
Development Victoria - Precinct Renewal &Social Housing
Education – New school sites

6. Preconditions to Transact
Program of monitoring
What is our strategy?
Partial exemption- hybrid approach
Start over
Terms - special conditions, liability, exonerate
Declare Surplus
Zoning
Preconditions to Transact
Due Diligence
Exemptions
Transacting

7. Identifying Compliance Issues
Forms
Complete Submissions
Declaration
Legal Authority
Relevant approvals
Accurate data
Condition precedent – requirements of other policies
Due Diligence
Relevant Advice
Legal
Survey
Planning
Contamination
Heritage
Native title
VGV Valuation
Sale by Public Process
Valuer General Valuation
3 month validity
Certification/Certificate
Extending currency
New Review – lapse in time
Terms/Contractual Conditions
Check Valuation
Conferences – variation 10% or more
Restricted Use Value
Estimates – may not be relied upon
Strategic Activities
Research and Workshops
In principle approval
Policy Advice & Interpretation
Report to Minister
2020 Review
Compliance Register
Non-compliance events
Trends/Risk
Formal notification process
File Audits
<>Thresholds
Approvals
Due diligence
“Establishing a framework which supports land monitoring”

8. Contacting VGLM
How agencies can get more information Thank You. Questions?