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Repor T Annual2018 2018/ 2019 ANNUAL REPORT Maaman Ginnung Gnarla (Good Spirit. Watch Over Us.) The Metropolitan It is a great privilege to be working on Redevelopment Authority Whadjuk Boodja and the MRA is committed (MRA) would like to to fostering a long-term relationship with acknowledge that our work the Noongar people as we create new places across metropolitan Perth. is undertaken on Whadjuk Noongar Boodja, and we As the Whadjuk people call upon their pay our respects to the ancestors to watch over us, we acknowledge all our ancestors. Elders past and present. 2 — MRA ANNUAL REPORT 2018/19 — OVERVIEW STATEMENT OF COMPLIANCE GOVERNANCE Statement of Compliance 2 Organisation Structure 63 Board and Committees 64 FOREWORD 2018-19 Board and Committee Remuneration 67 About us 4 Executive Management 73 Executive Summary – Chairperson’s Review 6 INDEPENDENT AUDITORS REPORT Acting Chief Executive Officer Report – The year in review 8 Independent Auditors Report 76 OVERVIEW FINANCIAL STATEMENTS 2018/19 Performance Highlights 12 Certification of Financials Statements 84 2018/19 Significant Issues 16 Financial Statements and Supporting Notes 86 Performance Management Framework 18 KEY PERFORMANCE INDICATORS Kaart Koort Waarnging – Head, Heart, Talking Framework 20 Certification of Key Performance Indicators 143 KKW Framework – Yagan Square Case Study 24 Key Performance Indicators 144 The MRA respectfully acknowledges MRA’s Strategic Direction 31 and pays tribute to the Whadjuk people; DISCLOSURE AND LEGAL COMPLIANCE the traditional owners and custodians of AGENCY PERFORMANCE Administering Legislation 157 the land on which we work. Project life statistics at a glance 35 Disclosures and Legal Compliance 158 Agency Performance Redevelopment Areas 36 Some content may not be fully accessible including some documents and submissions by third parties. Please note that the Annual Report can also be provided in other formats. Please contact us to request alternate document formats. Hon Ben Wyatt MLA Treasurer; Minister for Finance; Aboriginal Affairs; Lands 11th Floor, Dumas House 2 Havelock Street West Perth, WA 6005 Dear Minister In accordance with Section 63 of the Financial Management Act 2006, we hereby submit for your information and presentation to Parliament the Annual Report of the Metropolitan Redevelopment Authority for the reporting period 1 July 2018 to 30 June 2019. The Annual Report has been prepared in accordance with the provisions of the Financial Management Act 2006. George McCullagh Simon Read Sean Henriques Board Chairperson Audit and Risk Committee Acting Chief Executive Officer Chairperson 2 — MRA ANNUAL REPORT 2018/19 — STATEMENT STATEMENT Yagan Square Bunuru Festival 2019. OVERVIEW — MRA ANNUAL REPORT 2018/19 — 3 Yagan Square lights up with Noongar patterns and paintings. PURPOSE To deliver redevelopment projects of strategic significance in metropolitan Perth. VISION Dynamic, authentic and sustainable places. VALUES Listen | Lead | Communicate | Innovate The Metropolitan Redevelopment Authority (MRA) was established pursuant to the Metropolitan Redevelopment Authority Act 2011 (the Act) and began operations in January 2012 as an amalgamation of four existing redevelopment authorities across metropolitan Perth. With a combination of regulatory planning and land development powers, the MRA takes projects from vision setting, through master planning, to development, sales, project marketing, place management and activation. The MRA creates successful communities where people want to live, work and visit. 4 — MRA ANNUAL REPORT 2018/19 — FOREWORD FOREWORD Scarborough foreshore. Perth Cultural Centre. Pursuant to section 7 of the Act, the functions of With five Redevelopment Areas in the MRA’s Working together with partners, the MRA the MRA are: portfolio, the MRA has the capacity to transform revitalises communities and builds a distinctive urban spaces and meet the challenges of Perth’s sense of place that transforms the city and a. to plan, undertake, promote and coordinate future growth by creating strong communities, redefines key areas of metropolitan Perth for the development of land in redevelopment while also encouraging sustainability and future generations. areas in the metropolitan region; and innovation in urban development. In November 2017, the State Government b. for that purpose: A unique combination of planning and announced the merger of the MRA and i. to prepare and keep under review strategic development powers, and place management LandCorp into a single Land Development and policy documents in relation to the expertise, enables the MRA to deliver successful Agency as part of its ongoing bid to drive development of land in redevelopment communities that offer new residential and efficiencies and improve outcomes for land areas; commercial opportunities, public open space development and housing affordability. and supporting infrastructure that benefit ii. under Part 5 [of the Act] to prepare and Work to facilitate this merger is ongoing as visitors, workers and residents alike. keep under review a redevelopment the MRA continues its creation of successful scheme for each redevelopment area; and With innovative design and planning – and in communities where people want to live, work iii. under Part 6 [of the Act], to control partnership with government, communities and visit. development in each redevelopment area. and industry – the MRA promotes economic wellbeing, urban efficiency, and social inclusion, connects people and communities, and protects and restores the environment wherever possible. FOREWORD — MRA ANNUAL REPORT 2018/19 — 5 EXECUTIVE SUMMARY CHAIRPERSON’S REVIEW During 2018-19 the MRA continued Western Australia, the MRA is well positioned Projects like Yagan Square, Elizabeth Quay with the implementation of measures to help realise the State’s strategic planning and Scarborough Foreshore attract visitation to improve the accountability, agenda, including the METRONET vision and and elevate Perth’s profile on a national and related infill and urban renewal objectives. international stage. transparency and governance of the organisation, including more effective In June 2019, the MRA entered a new chapter The delivery of world-class infrastructure and timely public disclosure of planning in its operations when the State Government has created a vibrant, connected city and announced that the Midland, Bayswater and is exemplified at Yagan Square, which advice and better information sharing Forrestfield Station Precincts will be brought received awards from the WA Heritage with communities, stakeholders and into a new Redevelopment Area known as Council and locally and nationally from the development proponents. METRONET EAST. Vibrancy, housing and jobs Urban Development Institute of Australia will be the focus of precinct revitalisation at (UDIA). Yagan Square’s success reflects the these sites. METRONET EAST will maximise determination and focus of all at the MRA who Further work is underway as the MRA development opportunities and provide have worked on this project over the many continues to align its processes and practices market certainty to capitalise on the transport years since the project was commissioned. with changes in prospect for the wider State infrastructure delivered under METRONET. In particular, the influence of a strong and planning system. During the course of the year, it has been valued working relationship with the Whadjuk In addition, as other long-running MRA pleasing to see the MRA’s roles in planning, Working Party has defined this project. projects conclude, a process to reinstate development, delivery and activation The protocols of Kaart Koort Waarnginy (Head, the jurisdictional role of our respective local acknowledged in an array of national and local Heart, Talking) shapes the relationship and government partners has commenced. awards. These accolades recognised the role the work with our Indigenous partners. The MRA MRA has played across its five redevelopment Going forward, for MRA the intent is to considers it to have been a great privilege to areas to transform communities. New ensure that priority government initiatives work on Whadjuk Boodja (Whadjuk Country) destinations provide a solid foundation are delivered through a consolidation of with the Whadjuk Working Party during this for a burgeoning tourism market and have government land development activities year. We look forward to continuing this catalysed private investment and economic and with LandCorp. As part of a new single entity association in the future. responsible for land development across employment growth. 6 — MRA ANNUAL REPORT 2018/19 — FOREWORD FOREWORD I also take this opportunity to thank the Hon These projects will continue to involve the MRA Rita Saffioti MLA, Minister for Planning* for her working with its land agency partner LandCorp. leadership and support for the MRA. The renewal On behalf of the Board, I also acknowledge the and revitalisation challenges for our city are work and contribution of the men and women significant and it has been a privilege for all at who work at the MRA. Under the leadership of the MRA to assist with the METRONET initiative. Sean Henriques and the Executive Committee I particularly wish to acknowledge the role all have worked to achieve the best outcomes the Minister and Government have played in for our city, under changing circumstances. supporting a fundamental reconstruction of The Board thanks you all for your work and GEORGE MCCULLAGH the financial
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