Planning & Investment Knowledge Base

Property Reports

 

Introduction

This section sets out the NZ Transport Agency’s requirements for an annual property report.

 

Each year, approved organisations that have received funding assistance under work category 333: advance property purchase must provide the NZ Transport Agency with a property report.

 

This section sets out the guidance on what information is required by NZ Transport Agency and how to submit the report.

 

This page relates to the 2012-15 NLTP A National Land Transport Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. adopted by the NZTA under section 19 of the LTMA, as from time to time amended or varied only.

 

For the latest information, please see the property reports page for the 2015-18 NLTP A National Land Transport Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. adopted by the NZTA under section 19 of the LTMA, as from time to time amended or varied .

 

Submission of Annual Property Report

The annual property report must be prepared on the “Annual Property Purchase” form in the Transport Investment Online (TIO The NZTA's web-based funding allocation system. ) Achievement Returns section.

 

Key date

Approved Organisations must ensure that the NZ Transport Agency receives this report no later than 31 August.

 

Report elements

The report must specifically identify:

  • income from sales (of land, building and chattels)
  • the value of unsold properties transferred to the approved organisation during the year
  • income from rents and leases
  • income from interest
  • outgoings on maintenance and rates
  • purchases made during the year for projects approved by the NZ Transport Agency
  • the net value of financially assisted land assets (not transferred to road reserve A legally described area within which facilities such as roads, footpaths That portion of the road reserve set aside for the use of pedestrians only. and associated features may be constructed and maintained for public travel. ) as at 30 June.

While this information is required to be aggregated for all properties, detailed

records as outlined on the next page are also required to be kept for each

individual property for audit purposes.

 

Detailed records to be kept

Records must be maintained by Approved Organisations of all land acquired for land transport purposes for which funding assistance has been received. These records will be subject to periodic audit by the NZ Transport Agency. Valuation reports should be retained to support any valuation figures.

 

The following information must be maintained for each individual property:

 

Property details
  • address
  • legal description
  • date of purchase
  • purpose for the land purchase
  • date utilised for land transport purposes
  • date of sale of any surplus land
  • valuation at purchase date (land plus improvements to be shown separately)
  • valuation at time of utilisation for land transport purposes (land plus improvements to be shown separately)
  • valuation of any unsold surplus land 12 months after construction/ implementation is completed
  • a copy of the land title, reflecting the NZ Transport Agency’s financial interest

 

Financial Details
  • funding assistance rate(s) at the time of land purchase
  • funding assistance claimed to date
  • income from rents and leases
  • expenditure relating to maintenance and rates
  • payments made to the NZ Transport Agency to date

 

 

 

 

Last Updated: 21/02/2017 4:50pm