Under the powers of the Local Government Act 2009, on 5 December 2013 Council established Ipswich City Developments Enterprises Pty Ltd as a wholly-owned subsidiary under the Corporations Act 2001. The company’s name was changed on 19 November 2015 to Ipswich City Developments Pty Ltd (ICD). The company’s objectives are to undertake property development which will benefit the Ipswich local government area.
On 30 August 2018, the company entered into a Members Voluntary Liquidation process which will result in the company’s deregistration in the 2018-2019 financial year.
Company Projects in Progress
No projects currently underway
Completed Company Projects
5 Jones Rd/69 Centre Street, Bellbird Park
Service station/retail centre
101 Limestone Street, Ipswich
Refurbishment for Fire Station 101
37 Stuart Street, Goodna
107 Jones Road, Bellbird Park
23 Nimmo Street, Booval
580 Redbank Plains Road, Redbank Plains
Service station / retail centre
7000 Redbank Plains Road, Redbank Plains
Estimated completion 2017
Board of Directors
Ipswich City Developments (ICD) is governed by the following board of directors.
The board meets regularly to discuss performance and projects and provides regular briefings to council.
The company (ICD) is audited by the Queensland Audit Office. Directors are not remunerated.
Daniel Best LLB(Hons) Grad Dip (Agribus) GAICD
Daniel Best is the General Counsel and City Solicitor of Ipswich City Council. Daniel holds a Bachelor of Laws (Hons) and Graduate Diploma in Agribusiness. Daniel is a solicitor of the Supreme Court of Queensland and High Court of Australia. He is a member of the Queensland Law Society, Australian Corporate Lawyers Association and Queensland Environmental Lawyers Association.
David Morrison (Director)
David has been a Camira resident for over 40 years. He attended Goodna State School and Corinda State High School. David worked for 5 years at McPherson’s Engineer Suppliers, 5 years with the Queensland Department of Education and prior to becoming a full time Ipswich City Council Councillor in 2000, was employed as a teacher at Westside Christian College, Goodna for 10 years.
Frequently Asked Questions
Why was Ipswich City Developments Pty Ltd created?
The objectives of the company are to undertake property development which will benefit the Ipswich local government area. Ipswich City Developments was established in direct response to the challenges faced by local government in identifying alternative revenue sources.
Its activities include a commercial approach to the disposal of surplus Ipswich City Council land as well as the potential acquisition of surplus State government land. Financial returns to the Ipswich community are able to be maximised through a wholly Council owned company developing land and significantly enhancing its realisable value.
Who appoints the directors?
Ipswich City Council as the shareholder.
Does the company report to Council on its commercial activities?
Yes. It meets with Councillors regularly to provide an overview of company activities and formally reports to Council each year including the presentation of the Directors’ Report and the financial statements.
What happens to any profits the company makes?
Profits are either reinvested in new projects determined by the Company Board or paid to Council as a dividend to fund activities determined by Council.
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