ASIC commissioner Greg Tanzer has labelled the standard of investor disclosure in the unlisted property sector as “disappointing”. ASIC said it found unlisted property schemes were “failing to adequately disclose against benchmarks put in place to improve investors’ awareness of the risks of investing in these products.
Resources companies will have to pay their next instalment of the mining tax after a government bid to repeal the impost was rejected by the Senate.
Greg Hunt has signed off on what could become Australia’s largest coal mine, the $16 billion coal mine and rail project to be built near Clermont in central Queensland. One of the key conditions imposed on the project will be for Adani to return a minimum of 730 megalitres of water to the Great Artesian Basin each year for five years.
Six new self-assessable vegetation management codes have been released by the Government for Queensland’s farmers and graziers. Along with updating the existing native forest practice code, the six new self-assessable codes include vegetation thinning.
Mr Bruce Ham who opposed a multi-dwelling development in Toowong gained improvements in conditions of approval has successfully opposed the developer’s costs application. The Planning and Environment Court judge decided that Mr Ham raised properly arguable, bona fide matters of town planning relevance and succeeded in changing a number of conditions of approval.
Queensland legislation can be accessed at www.legislation.qld.gov.au