Albury-Wodonga Development Corporation

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Albury-Wodonga Development Corporation
Albury-Wodonga Corporation Logo.png
Government agency overview
Formed23 October, 1973
Dissolved31 December, 2014
Superseding agency
JurisdictionFederal Government of Australia
Headquarters8 King Edward Terace, Albury, New South Wales
Employees3
Government agency executive
  • Peter Veneris, Chief Executive Officer
Key document

The Albury-Wodonga Development Corporation was an agency of the Australian Government operating from 1972 until its abolition in 2014. [2] It was created as part of the Whitlam Governments' National Growth Centre project in an effort to decentralise the population, the corporation role was to manage and develop land with the aim to grow the Albury-Wodonga region to 300,000 people by the year 2000.[3]

The corporation had a unique tripartite legal structure in that there existed three statutory corporations – one belonging to the Commonwealth (Albury-Wodonga Development Corporation), one belonging to Victoria (Albury-Wodonga (Victoria) Corporation) and one to New South Wales (Albury-Wodonga (New South Wales) Corporation). The three corporations were legally distinct, but in practice acted as a single entity.[4]

History[edit]

In 1972 the Whitlam Federal Labor government selected the cross-border towns of Albury (New South Wales) and Wodonga (Victoria) to form the Albury-Wodonga Growth Centre. The Albury-Wodonga Corporation, a Commonwealth statutory authority, was established by the Albury-Wodonga Development Act 1973. [5]

The role of the corporation was originally as a land developer within the Albury-Wodonga region. The National Growth Centre project officially ended in 1995, but the corporation continued to function. However, in 2004 the corporation ceased development activities at which time it owned 6,500 hectares. It then became the corporation's responsibility to dispose of property assets and provide a financial return to the government in preparation for its abolition.

It was decided in 1995 to wind up the corporation. It was agreed in February 1997 that the wind-up would be phased, with the state corporations to be abolished first (their assets passing to the federal corporation upon abolition), with the federal corporation to be abolished subsequently. The NSW state corporation was abolished on 26 September 2003 as provided for by the Albury-Wodonga Development Repeal Act 2000 (Act No.18, 2000).[6] The abolition of the Victorian state corporation was effected by the Albury-Wodonga Agreement (Repeal) Act 2003 (No. 62 of 2003).

In July 2014, the Albury-Wodonga Development Corporation (Abolition) Act 2014 was passed by the Commonwealth parliament and the wind up of the federal corporation began. By the end of 2014 the federal corporation had been wound up and the remaining assets transferred to the Department of Finance (Australia).[2]

References[edit]

  1. ^ Cormann, Mathias. "Wind-up of the Albury-Wodonga Development Corporation | Minister for Finance". www.financeminister.gov.au. The Department of Finance. Retrieved 23 November 2017.
  2. ^ a b "Final Annual Report" (PDF). Australian Government Department of Finance. Albury-Wodonga Development Corporation. Retrieved 23 November 2017.
  3. ^ "National Growth Centre Collection". Albury City Council. Retrieved 23 November 2017.
  4. ^ Bruce Pennay (2005). Making a City in the Country: The Albury-Wodonga National Growth Centre Project 1973-2003. UNSW Press. p. 167. ISBN 978-0-86840-944-3. To meet constitutional requirements three legal corporations were required, one for each government. The primary role of the two state corporations was to acquire, hold, manage and provide land in the areas designated in their states. The three corporations were, however, to act as one body. They had common membership and a common staff. The regular meetings of each corporation were held in conjunction with those of the other two. They were, in practice, one organisation working as a single entity responsible to the Ministerial Council.
  5. ^ Stein, Clara. "The growth and development of Albury-Wodonga 1972-2006: united and divided". Macquarie University ResearchOnline. Macquarie University. Retrieved 23 November 2017.
  6. ^ "Albury-Wodonga Development Corporation". State Archives and Records Authority of New South Wales. 2018-04-02. Retrieved 2018-12-28.