Role of the Victorian Government Land Monitor
The Victorian Government Land Monitor (VGLM) is a role created by the Victorian Government Land Transactions Policy and Guidelines.
The VGLM provides government with an assurance of accountability, impartiality, transparency and integrity in land transactions. It analyses each transaction to ensure it is legal, is in the public interest and provides best results for government.
The land monitoring function provides a consistent approach to land transactions across all government agencies. The government is therefore confident that land purchased with public funds and surplus government land assets that are sold are subject to appropriate checks and balances.
VGLM approval must be obtained whenever an agency proposes to dispose of or acquire an interest in land, or compulsorily acquire land, and the value of the land or transaction is or exceeds $750,000 (excluding GST).
For each transaction submitted, the VGLM will assess whether:
- an appropriate level of due diligence has been conducted
- the agency has the appropriate authority to conduct the transaction
- the most appropriate zoning is in place
- the transaction of land is supported by assessment of the current market value of the land by Valuer-General Victoria (VGV)
- the transaction of land accords with relevant legislation
- any exemption to the requirements of the Policy is supported by the relevant approval.
The Victorian Government Land Transactions Policy and Guidelines
The Victorian Government Land Transactions Policy (the policy) establishes strict requirements for Victorian Government agencies when dealing with the sale, acquisition or leasing of land. The policy identifies the roles and responsibilities of landholding Ministers and government agencies in undertaking land transactions. The policy provides information and guidance to assist Victorian Government agencies to comply with the requirements of the policy.
The purpose of the policy is to:
- provide a framework to achieve integrity, impartiality, accountability and transparency in land transactions
- ensure land transactions are conducted in accordance with the highest standards of probity, relevant legislation and Victorian Government policy.
The Victorian Government Landholding Policy and Guidelines, together with the Victorian Government Land Transactions Policy and Guidelines and the Victorian Government Strategic Crown Land Assessment Policy and Guidelines provide the overall framework for Victorian Government agencies to manage land assets.
Transaction approval Process
Victorian Government agencies must ensure all land transactions are conducted to achieve accountability and transparency in accordance with relevant legislation.
All land transactions undertaken by agencies must be conducted in a transparent manner and with a level of probity that is appropriate given the nature, value and complexity of a transaction.
Prior to the disposal, acquisition or lease of land, Victorian Government agencies must conduct an appropriate level of due diligence to ensure they are fully informed of the status and attributes of the land.
For each transaction that requires VGLM approval, the transacting agency must submit its transacting file along with all relevant approvals, valuations, consultation reports and appropriate due diligence.
An approval request must be made by fully completing the appropriate Form including the signed declaration of assurance and submitted to VGLM at email@example.com.
The VGLM provides three different types of forms for use by agencies:
Disposition or acquisition of an interest in land, or compulsory acquisition of land.
Disposition or acquisition of an interest in land, or compulsory acquisition of land, and one of the grounds of exemption under paragraph 2(d) of the Victorian Government Land Transactions Policy is in place.
To seek approval from the Minister for Planning under paragraphs 2(d)(ii) or (iii) of the Victorian Government Land Transactions Policy.
The purpose of this policy is to:
- ensure that land is only purchased or retained by Victorian Government agencies when the state owns the land
- promote the highest and best use of land by providing the opportunity for private and community sectors and other government agencies to further unlock the value inherent in the state's land estate
- require active management of land portfolios across Victorian Government agencies, which is essential to the good management of the state's balance sheet.
The purpose of these guidelines is to provide information and guidance to assist Victorian Government agencies to comply with requirements of the policy.
To read about the Victorian Government Landholding Policy and Guidelines, visit the Department of Treasury and Finance
The purpose of this policy is to:
- ensure that assessments are undertaken in respect of Crown Land that has been declared surplus to the requirements of the Victorian Government agency
- inform decision making by relevant landholding Ministers, the Minister for Planning, the Minister for Water and the Minister for Energy, Environment and Climate Change
- determine the status of Traditional Owner and/or native title rights for Crown land declared surplus to the requirements of a Victorian Government agency.