Corporate Plan 2013-2014 Contents Chairperson’s statement 1 Chief Executive Officer’s welcome 2 1. Introduction 3 1.1 Macquarie Point operating environment 3 2. Principle objectives of the Corporation 4 3. Vision and mission 5 4. Our values 5 5. Challenges and opportunities 6 5.1 Challenges 6 5.2 Opportunities 8 6. Strategies 8 6.1 Brooke Street Pier redevelopment 8 6.2 Public awareness, education and consultation 9 6.3 Strategic partnerships 9 6.4 Development framework, planning and urban design 10 6.5 Land release and investment 10 6.6 Infrastructure development 11 6.7 Remediation and ground water management 11 6.8 Corporate finance, revenue and resource management 12 7. Governance, organisational structure and reporting 13 8. Corporate policies and procedures 13 9. Corporate services 13 10. Budget, finance and expenditure plan 14 11. Risk management 14 12. Asset management 14 13. Heritage management 15 14. Environmental management 15 15. Legislative review 16 16. Key performance indicators 16 17. Appendices 17 Chairperson’s statement On behalf of the newly appointed Board, I have great pleasure in presenting the first corporate plan for the Macquarie Point Development Corporation (Corporation). The Corporation has been established as a condition of the funding agreement between the Australian and Tasmanian Governments and charges the Board with the important responsibility of delivering economic, social and cultural benefits to the city of Hobart and, indeed, the state through the remediation and redevelopment of the Macquarie Point site and redevelopment of the Brooke Street Pier in Hobart. This site has the potential to influence Hobart’s growth and development over the next 50 years and represents an exciting and important development opportunity. We are fortunate to have a very experienced Board guiding and overseeing this project and, while the organisation is relatively small, it is made up of a very capable and professional team. The corporate plan has a strong focus on consultation over the coming year. As such, the Board and I are very much looking forward to meeting with the community and key stakeholders as we set about the task of developing a joint vision for the future of this important site. Geoffrey (John) Gilbert Chairman 1 Chairperson’s statement Chief Executive Officer’s welcome On behalf of the newly appointed Board, I have While it will be some time before the Macquarie great pleasure in presenting the first corporate Point site is transferred to the Macquarie Point plan for the Macquarie Point Development Development Corporation (Corporation), the Corporation (Corporation). recent establishment of the Board has provided stronger focus and direction for the current The Corporation has been established as a Corporation staff. This has set us up well for a condition of the funding agreement between the year of planning, early scoping of required Australian and Tasmanian Governments and activities and, importantly, broad stakeholder charges the Board with the important and community engagement. responsibility of delivering economic, social and cultural benefits to the city of Hobart and, Over the next twelve months we will also have a indeed, the state through the remediation and strong focus on the Brooke Street Pier as we redevelopment of the Macquarie Point site and work with the project proponents to deliver a redevelopment of the Brooke Street Pier in redeveloped facility for Hobart’s local cruise and Hobart. ferry operators. This site has the potential to influence Hobart’s The Macquarie Point site has the capacity to growth and development over the next 50 years significantly shape Hobart’s future landscape, and represents an exciting and important and our early work to position the project will be development opportunity. critical to its success. This inaugural corporate plan sets the framework for coming years and We are fortunate to have a very experienced maps out the planning activities on which the Board guiding and overseeing this project and, Corporation must embark over the next year. while the organisation is relatively small, it is made up of a very capable and professional I look forward to a busy twelve months that will team. see the Corporation relocate to the Macquarie Point site, establish strong partnerships with our The corporate plan has a strong focus on key stakeholders and take significant steps to consultation over the coming year. As such, the put in place the underpinning policies and Board and I are very much looking forward to strategies we will need over the lifetime of this meeting with the community and key important project. stakeholders as we set about the task of developing a joint vision for the future of this important site. Geoffrey (John) Gilbert Elizabeth Jack Chairman Chief Executive Officer 1 2 1. Introduction A once-in-a-lifetime development opportunity for The Board of the Corporation was appointed by Hobart, Macquarie Point has the capacity to the Governor of Tasmania in March 2013 and significantly shape Hobart’s future landscape. held its first meeting on 9 April 2013. An 8.4-hectare site, bordering the working This corporate plan sets out the objectives, Hobart port and adjacent to the local Cenotaph, policies, procedures and key strategies of the Macquarie Point presents an unrivalled Corporation for the financial year 2013/14 and opportunity to create a new and dynamic mixed- will guide the delivery of objectives articulated in use precinct for the people of Tasmania. the agreement signed in 2012. In June 2012 the Tasmanian and Australian It also identifies the challenges and opportunities Infrastructure Ministers entered into an faced by the Corporation in delivering both the agreement to support the remediation of the Brooke Street Pier and Macquarie Point Macquarie Point site and the redevelopment of redevelopments. the Brooke Street Pier. As part of this agreement, the Australian 1.1 Macquarie Point Government provided a $50 million grant to the operating environment Tasmanian Government to assist with the above work. The site The establishment of a separate corporate entity was determined to be the most effective vehicle The environment in which the Corporation is to deliver the objectives of the agreement and to expected to deliver the Macquarie Point project oversee the remediation and redevelopment of is a complex one, with the site itself, which is not the Macquarie Point site and redevelopment of waterfront land, presenting several significant the Brooke Street Pier. challenges for the Corporation. Accordingly, the Macquarie Point Development A map of the site boundaries is provided at Corporation (Corporation) was established via Appendix A. the Macquarie Point Development Corporation Title over the Macquarie Point land is held by the Act 2012 (Act), which received Royal Assent on Crown and will not be transferred to the 11 December 2012. Corporation until the current commercial arrangement between the Crown and Tasrail – as holders of the head lease – comes to an end. While this could be as late as January 2016, handover is expected to occur by January 2015. Given the above timeframe, the Corporation will be working closely with Tasrail and the Crown to identify opportunities for earlier access to the site, or part thereof, in order to commence the early on-site activities associated with remediation and eventual redevelopment. 3 1. Introduction 2. Principle objectives of the Corporation A once-in-a-lifetime development opportunity for The Board of the Corporation was appointed by The site’s location, immediately adjacent to the In accordance with the Act, the principal Hobart, Macquarie Point has the capacity to the Governor of Tasmania in March 2013 and existing Macquarie Point sewage treatment objectives of the Corporation are: significantly shape Hobart’s future landscape. held its first meeting on 9 April 2013. plant, will also require the development of a formal relationship with the plant’s owner, the (a) to plan, facilitate and manage the An 8.4-hectare site, bordering the working This corporate plan sets out the objectives, Tasmanian Water and Sewerage Corporation Pty remediation of the Macquarie Point land in Hobart port and adjacent to the local Cenotaph, policies, procedures and key strategies of the Ltd (TasWater). This will be particularly important accordance with the project agreement with Macquarie Point presents an unrivalled Corporation for the financial year 2013/14 and to clearly understand the challenges associated the Australian Government; and opportunity to create a new and dynamic mixed- will guide the delivery of objectives articulated in with the future relocation of this facility. use precinct for the people of Tasmania. the agreement signed in 2012. (b) to plan, facilitate and manage the The development of a partnership approach with redevelopment of the site so as to ensure In June 2012 the Tasmanian and Australian It also identifies the challenges and opportunities the site’s other immediate neighbours, Tasports that the site Infrastructure Ministers entered into an faced by the Corporation in delivering both the and the Hobart City Council, must also be a (i) is redeveloped as a vibrant and active agreement to support the remediation of the Brooke Street Pier and Macquarie Point priority in order to achieve the best possible area, with a mix of uses, that connects Macquarie Point site and the redevelopment of redevelopments. precinct-wide outcomes. the Brooke Street Pier. with and complements adjacent