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Queensland developers would be slugged an extra tax under new policies announced by the Greens

first_imgDevelopers will be hit with an extra 75 per cent tax on rezoned land under a greens proposal.DEVELOPERS who benefited from favourable re-zonings would be slugged an extra 75 per cent tax under a Queensland Greens policy aimed at making housing more affordable.The Developer Tax would be on top of other fees and charges and according to the Greens would reap an extra $1.8 billion a year in revenue which it would funnel into affordable housing and clean energy.Announcing the policy, Greens candidate for Maiwar Michael Berkman, said their research revealed the state government handed out $2.4 billion in free land rezonings every year to property developers.“Instead of giving away free land rezoning, the Developer Tax would collect 75 per cent of the increase in official land value, to be paid when a development application is approved,’’ he said.Mr Berkman was not concerned that developers would pass on the costs to home buyers and said it would actually make property more affordable.But Property Council Queensland executive director Chris Mountford labelled the proposal “dangerously simplistic’’.He said it ignored completely the amount of tax which was already charged on development and he was concerned it would have serious negative consequences for housing affordability.“The suggestion that governments are somehow missing out on revenue from new development in Queensland is completely false. In fact, they get a lot of revenue from development.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North3 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by “For example, if you take a new apartment built in Queensland that sells for $500,000, its safe to say that around $100,000 of that flows into government coffers in the form of a variety of taxes, fees and charges.’’Mr Berkman said one of the key things driving up the cost of housing had been speculative land purchasing.“So developers are buying up land in the hope that in the future it will be rezoned, become more valuable and become a developable asset.“By taking away the incentive for that kind of speculative land grab we think it’s going to have a positive impact on housing affordability.’’“Development is a hugely profitable industry so we don’t see that there is an inevitably about that being passed on to purchasers at all.’’Mr Mountford said tax was no different to any other input cost in development.“Whether its bricks, concrete, tiles or tax – all of these costs end up having to be passed onto the homebuyer if a development is going to be viable,’’ he said.last_img read more

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Investments at Sweden’s AP3 return 14.1% on back of equities

first_imgSwedish buffer fund AP4 saw investments return of 14.1% in 2013, with equities the largest single contributor, producing a 25.5% return.The fund said it made a net profit of SEK32.4m (€3.6m), or 15%, up from SEK22.7m the year before.Reporting annual results, AP3 said 2013 was characterised by improving economic conditions, especially in the US. The fund’s capital totalled SEK258.5bn at the end of 2013, up SEK25.8m from 2012, after payments of SEK6.9m to the pension system. Fixed income investments ended 2013 with a 0.1% loss, while credit made a return of just 0.13%The inflation risk category returned 1.6%, and currencies ended with a loss of 0.9%.Absolute-return strategies generated just 0.3% last year.AP3 said it had now achieved its target of 4% real annual return measured over the last three, five and 10-year periods.Kerstin Hessius, chief executive at AP3, said the Swedish pension system had come under financial pressure again, which would result in a 2.7% cut in pensions this year.“This unfortunate situation is due primarily to labour market conditions,” she said.The positive performance of the AP funds will have a positive effect on pensions, she said, but she added that this would not be seen by Swedes until 2015.The latest forecast from the Swedish Pensions Agency suggested pensions would increase by more than 5% next year, she said.last_img read more

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Funds for Iloilo City’s big infra projects OK’d

first_imgA P10-million ICARE satellite will bebuilt in Barangay Calumpang, Molo district. ILOILO City – The SangguniangPanlungsod approved on Oct. 1 a supplemental budget for big infrastructureprojects to improve public services. Mayor Jerry Treñas said he wanted tostart the works early and fast-track them. He thanked the City Council for theapproval. Mayor Jerry Treñas (3rd from left) thanks the Sangguniang Panlungsod for approving Supplemental Budget No. 3 that includes big ticket projects of his administration such as the proposed Iloilo City Action and Response Center. Also in photo are Councilor Irene Ong, Vice Mayor Jeffrey Ganzon, CouncilorJay Treñas and Councilor Leila Luntao. The projects included a P300-millionseven-storey Legislative Building cum parking spaces for 100 cars. The multi-purposefacility will rise beside Ker & Co. heritage building behind city hall. “The go-signal of major projects isvery timely as we wrap up our first 100 days in office. We prioritize programsand projects for the general welfare,” Treñas stressed. center_img ICARE will house the City DisasterRisk Reduction and Management Office (CDRRMO), Public Safety and TransportationManagement Office (PSTMO), and police and fire stations. On the other hand, the P38-millionfive-storey Iloilo City Action and Response (ICARE) Center will rise at Gaisano’sIloilo City Center (ICC) along Diversion Road in Mandurriao district. The25-year usufruct agreement for the 375-square meter site was signed on Sept 2. An initial P100 million was allottedfrom the general budget. Meanwhile, the P20-millionthree-storey warehouse for city government documents, supplies and equipmentwill be constructed in the property that used to be occupied by the PhilippineDental Association office in Molo district./PNlast_img read more

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Leverkusen players agree pay cut amid virus pandemic

first_imgRelatedPosts Club’s server collapses over ticket demand for first Bundesliga game in 11 years Awoniyi joins Union Berlin on loan Whirlwind Bayern Munich dismantle Schalke in season opener Bayer Leverkusen players, staff and management on Wednesday unanimously agreed to accept an unspecified pay cut as the Bundesliga remains suspended amid the coronavirus pandemic. Bundesliga rivals Hoffenheim later followed suit, with club bosses saying success for the small club in recent years had created a cushion and it was now time to give something back. Hoffenheim are financially supported by billionaire major investor Dietmar Hopp. Leverkusen captain Lars Bender said discussions had taken place in the last few weeks and on Tuesday they reached an agreement. The two clubs join several others in the Bundesliga to have agreed pay cuts, including Borussia Moenchengladbach and Schalke 04. “The (Leverkusen) team is ready to waive part of the salaries in order to support the club in its efforts to financially overcome the corona crisis,” Bender said in a club statement following a makeshift training session where players trained only in pairs. Team training cannot resume before April 5. “We again got a very concrete idea in the empty BayArena stadium today about how important the various colleagues are in breathing life into the club and how important each and every one of them is in providing us with ideal conditions to do our job.” Play in the Bundesliga has been suspended since mid-March and the German Football League (DFL) on Tuesday extended the league suspension until at least April 30. The DFL has also indicated that should play resume in the coming weeks or months it would likely be without spectators. Other major clubs in Spain and Italy, including heavyweights Juventus and Barcelona, have also had pay cuts for their players. England’s Premier League clubs are under mounting pressure to follow that example. The Professional Footballers’ Association are in talks with the Premier League over how best to deal with the current suspension of competition, but the moves by some clubs to use the government’s furlough scheme has prompted sharp criticism. Tottenham Hotspur have reduced salaries of non-playing staff by 20 per cent, while players at Championship (second-tier) leaders Leeds United have volunteered to take a wage deferral.Tags: Bayer LeverkusenBorussia MonchengladbachBundesligaDietmar HoppSchalke 04last_img read more

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Bucksport graduate loses at MMA bout in Lewiston

first_imgBUCKSPORT — Bucksport High School graduate and professional mixed martial artist Ray Wood lost in his return to Maine at Saturday’s New England Fights 29 event in Lewiston.Wood, a former three-sport athlete at Bucksport and a 2009 graduate of the school, fell to Brazil’s Alexandre Bezerra in the NEF 29 featherweight bout. He now has a 8-4 record in his MMA career, which dates back to 2011. The fight was Wood’s first since December.NEF also announced Saturday that its next event, NEF 30, will be held at Bangor’s Cross Insurance Center. The card has been scheduled for Aug. 5This is placeholder textThis is placeholder textlast_img read more

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Stone raises roof

first_imgWhen the Minnesota Golden Gophers come to town for any sport, it’s usually a big deal. UW women’s basketball head coach Lisa Stone is making sure that is the case when her Badgers take on the Gophers at the Kohl Center Jan. 28, an event now known as “Raise the Roof.”Stone is donating a quarter for every ticket purchased for Sunday’s game to Gilda’s Club Madison, a local support center for those harmed by cancer.”I think it’s a great cause,” Stone said. “I’ve been touched by [cancer] in a number of ways.”Not only will fans be helping a good cause by purchasing tickets to this game, but they will also see some pretty good basketball. Minnesota is currently 4-3 in the Big Ten Conference, and sits in fifth place. Wisconsin stands one game behind Minnesota at 3-4 in conference play.The American Transmission Company has also stepped in to lend a helping hand. It will match Stone’s donation of $0.25 per ticket, doubling the total donation.At this point, about 13,700 tickets have been sold for this event. Playing in front of a nearly sold-out crowd is not something Stone’s Badgers are accustomed to, but they are certainly excited about it.”It’s always amazing to have a crowd behind you, especially with that many people,” sophomore forward Caitlyn Gibson said with a smile. “I think our freshmen are really going to enjoy it a lot, because they haven’t really experienced a true sellout. It’s going to be really fun.”Gibson also said her squad matches up “very well” with the Golden Gophers, and predicted a Badger victory if the team is patient and works together.Bucky’s Locker Room is also getting into the mix. It is selling limited edition T-shirts with the “Raise the Roof” logo on the front. The shirts are selling for $15, and $5 per shirt will be donated to Gilda’s Club Madison as well. Fans are encouraged to wear the shirts to the Kohl Center Sunday to show their support.For months the UW women’s basketball team has been focused mainly on two things: school and basketball. But this event has really put things into perspective for freshman forward Mariah Dunham.”I think it’s a great thing Coach Stone is [doing, making] fans realize that it’s more than just basketball,” Dunham said. “It’s for people that are less privileged than we are. We’re fighting for them as well as they’re fighting to survive.”The players aren’t the only ones excited about Sunday’s festivities. Although she may not be suited up to play against the Gophers, Stone seems just as excited.”It’s a great atmosphere and something we’re proud of,” Stone said. “I think everybody dreams of a sell-out. I take every recruit to the top of the Kohl Center, sit in the top row, and say ‘This place will be packed for women’s basketball.’ I took my whole team up there the first day of practice. We sat up there and looked down at the floor. This is my dream.”It seems as though her dream is about to come true.last_img read more

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FB : Marrone releases depth chart before 1st game Thursday

first_img Facebook Twitter Google+ Published on August 28, 2011 at 12:00 pm Contact Michael: | @Michael_Cohen13 Twenty-two days later, the goal remains the same.A little more than three weeks after Syracuse head coach Doug Marrone verbalized his team’s goal to compete for the conference title at SU media day, he reiterated that once again during his opening remarks at the Wake Forest press conference Saturday.  ‘Obviously, I want to state what our goal is as a football program: to be able to compete for a Big East championship,’ Marrone said. ‘That is important that everyone realizes that.’To do so, Marrone stressed the importance of returning to the winning ways of the past. And like he said Aug. 5, that starts with winning at home. One of the main objectives en route to competing for the Big East title is improving on a 2-4 record in the Carrier Dome last season.Zero conference wins at home isn’t acceptable anymore.AdvertisementThis is placeholder text‘One of the things we have talked about with this football team is the way we play at home,’ Marrone said. ‘We have not had a winning record at home since 2004. What I think we forget sometimes, or take for granted, is that from 1983-2004 we never had a losing record at home. That is what we want to do with this football program is get back to that consistency that we had shown in the ‘80s and ’90s with our program.’Syracuse begins its season with back-to-back home games, beginning Thursday when the Orange hosts Wake Forest.In preparation for that game, Marrone released his two-deep depth chart Saturday as well.Defensive tackle, wide receiver, cornerback and punter were the positions with the most competition during camp. And Marrone said a lot of those starters were determined based on performances during the Ernie Davis scrimmage Aug. 20.Junior Shane Raupers won the starting punting job over freshman Jonathan Fisher.Senior Deon Goggins edged out senior Cory Boatman to earn the starting nose tackle position. Sophomore Jay Bromley joins him as the second interior lineman.Senior Dorian Graham emerged as the third wide receiver for the Orange. Sophomore Jarrod West is currently the fourth receiver.Junior Ri’Shard Anderson, who was listed as the top cornerback heading into spring practice, returns to a starting position opposite graduate student Kevyn Scott. Sophomore Keon Lyn, who dislocated his shoulder in camp, is listed as Anderson’s backup.‘The competition went well,’ Marrone said. ‘I thought we went after each other.’Marrone also announced that there is no change to the status of senior wide receiver Marcus Sales and sophomore quarterback Jonny Miller. Both players were arrested over the summer and remain suspended from the football program.***The Thomas ‘brothers,’ as Shamarko Thomas referred to himself and fellow safety Phillip Thomas — no relation — are finally back together.Phillip had surgery to repair a broken jaw suffered early in camp, and Shamarko missed time with a concussion, but both players are listed as starters for the Wake Forest game.Both of them are juniors and are by far the most experienced players in the SU secondary after starting all last season.So when each went down with an injury in camp, it didn’t bode well for Orange faithful.‘It was pretty difficult (to sit out), but at the same time I was teaching the young guys just in case,’ Phillip said. ‘I’m plan A. Plan B is to teach the young guys.’Phillip said he is about 95 percent right now and on his way toward being fully healthy. He is back to wearing a helmet in practice after being restricted following surgery.With the Thomas’ comes a sense of familiarity and friendly competition that drives the back part of the Orange defense. They compete with each other for who can rack up the better numbers and be the better player.‘We’re going to compete with each other. We’re going to see who is going to get the most tackles, most interceptions,’ Phillip said. ‘We just want to continue to be good and take Syracuse to a higher level.’‘I feel real comfortable with him out there,’ Shamarko added. ‘We communicate well, and we’ve been through everything together.’mjcohe02@syr.educenter_img Commentslast_img read more

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Munster title a key target for Tipp hurlers

first_imgMaher says they’ll be looking to win every game in Munster before they can look any further.Kilkenny’s defence of their Walsh Cup title begins against Laois at O’Moore Park tonight,Pat Gilroy’s Dublin take on Meath at Abbotstown while Davy Fitzgerald’s Wexford take on Carlow. Photo © Tipp FM The Tipperary senior hurlers can’t look beyond the Munster Championship – according to Padraic Maher.Speaking exclusively with Tipp FM, the Tipp captain said any team in Munster can win on any given day.With the new structures for 2018, the Premier will have to ensure they come out in the top 3 of the province to progress.last_img read more

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Akinsete, Emmanuel Rule at LSTA Quarterly Trial

first_imgConspicuously missing is the 2018 Asoju Oba Champion, Davide Faleye, two-time Asoju Oba Champion, Adeyinka Hammed, Bose Odunsanya and Nimota Aregbesola, who defeated Funke Oshonaike at the 19th National Sport Festival.According to the Chairman of the Association, Femi Shokoya, the trial is the first of the series of trials that will take place this year.“ The trial is to fine tune the players and put them in the right frame of mind for upcoming competitions so also to avoid rustiness in the players .“The trials, which is also used to rank the players for the first quarter saw Bose Akinsete, Oyeniyi Kehinde and Ajasa Imoleayo ranked first, second and third respectively, while Taiye Coker ranked fourth with Valentina Ewelike in the fifth position.In the Men’s Catergory, it was a battle between Augustine Emmanuel and Gbenga Ajulo, with the former ranked first and the latter coming second.The third ranked Player in the Men’s Catergory is Joseph Osendokwo while Agbaje Shamusi ranked fourthThe second edition of the 2019 quarterly trial will take place in April.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The duo of Bose Akinsete and Augustine Emmanuel emerged victorious at the first quarterly Lagos State Table Tennis Association trial in both the female and male categories respectively.The trials, which took place at the Mobolaji Johnson Sport Centre, Rowe Park, was aimed at getting the best for the athletes and ensuring that the players are kept busy.Akinsete, Gbenga Ajulo, Emmanuel Augustine, Oyeniyi Kehinde and a whole lots of others are amongst the notable names present for the trials.last_img read more

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