The purpose of this circular is to advise the NSW public sector that, effective from 1 January 2002, the Public Sector Management Office has increased the sale/purchase price property limit, applicable under clauses 11 and 12 of the Crown Employees (Transferred Officers Compensation) Award, from $300,000.00 to $315,000.00.

Pending variation of the award, the increase is being implemented by administrative action and applies to all sale/purchase transactions completed on or after 1 January 2002.

The provisions of this circular apply to all officers employed in departments listed in Schedule 1 to the Public Sector Management Act 1988.

Public sector organisations not listed in Schedule 1 to the Public Sector Management Act 1988 are advised that this circular is for their information only. In instances where public sector organisations apply the provisions of the Crown Employees (Transferred Officers Compensation) Award to their employees, the Public Sector Management Office recommends that such public sector organisations implement the increase and, if appropriate, vary the appropriate industrial instruments.

Any enquiries from agencies concerning this circular should be directed to their client contact officer.

C. Gellatly
Director-General

Superseded by C2002-66