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Commonwealth Property Management Framework Lease Endorsement Process

 

-- This has been superseded by RMG 500 – Commonwealth Property Management Framework. Refer to: http://finance.gov.au/property-management-framework/ --

 

RMG 504 Commonwealth Property Management Framework Lease Endorsement Process for Non-corporate Commonwealth Entities

This RMG replaces the previous Guide issued in 2015 – Commonwealth Property Management Framework Lease Endorsement Process for Non-corporate Commonwealth entities.

The Commonwealth Property Management Framework Lease Endorsement Process guidance details the requirement and process to seek the endorsement of the Minister for Finance or nominee prior to entering into a commercial lease (including the exercise of an option under an existing lease) with a whole-of-life cost exceeding $30 million (or $100 million for the Department of Defence). Entities are required to notify Finance of any leasing proposals for office accommodation (including shop fronts) that are expected to exceed $2 million (whole of life cost). 

The revised document assists Non-corporate Commonwealth Entities (entities) to meet the requirements of the Commonwealth Property Management Framework so as to optimise Whole-of-Australian-Government property management outcomes.

Further information on this RMG can be found in the Commonwealth Property Management Framework, or by contacting propertyframework@finance.gov.au.

Contact for information on this page: PropertyFramework@finance.gov.au