Unsolicited Bids Process To Be IntroducedThe WA Government has revealed that a new framework for unsolicited bids to purchase government-owned land assets will be introduced later in the year.This announcement follows from recommendations made by the Property Council of Australia. Currently, WA is the only state in Australia that does not have an established set of rules for unsolicited bids on government land.The Property Council has argued that a framework is needed to encourage innovation in the government’s asset sales program, as well as to protect parties to a transaction.To keep up to date with the latest news on the asset sales program, including land being prepared for future sales, click here.
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