Victorian Government Land Monitor (VGLM)
The role of the Victorian Government Land Monitor (VGLM) is to provide Government with an assurance of integrity, impartiality and accountability in land transactions. The VGLM analyses each transaction (where the total value of the related land or related transaction is greater than $750,000, excluding GST) prior to contracting, by reviewing the submission and files, to verify that the transaction is legal, transparent and is conducted in accordance with the highest standards of probity and Victorian Government policy.
The Victorian Government Land Monitor’s approval must be sought for any sale or purchase of (including the purchase of an interest in) land:
- where the value of the land or transaction is greater than or equal to $750,000 (exc. GST)
- if land forms part of a group of related land transactions (including land which is part of a group of adjoining land parcels proposed for disposal or acquisition), where the total value of the related land or related transactions is greater than or equal to $750,000 (exc. GST)
- where there is a proposed change to a previous approval
- where directed by the Minister.