The Company

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.

Company Projects in Progress

No projects currently underway

Completed Company Projects

Z

5 Jones Rd/69 Centre Street, Bellbird Park

Service station/retail centre

Completion 2015

Z

101 Limestone Street, Ipswich

Refurbishment for Fire Station 101

Completion 2016

Z

37 Stuart Street, Goodna

Residential development

Completion 2016

Z

107 Jones Road, Bellbird Park

Residential development

Completion 2016

Z

23 Nimmo Street, Booval

Residential development

Completion 2017

Z

580 Redbank Plains Road, Redbank Plains

Service station / retail centre

Completion 2017

Z

7000 Redbank Plains Road, Redbank Plains

Residential development

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.

Paul Tully (Chair) LLB JP(Qual) MAICD FPIA(Hon)

Paul Tully has lived in Ipswich for 42 years. He was first elected 31 March 1979 as the youngest Councillor ever elected to Ipswich City Council and is the longest serving member. He holds a Law Degree and is a Registered Australian Migration Agent.

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.

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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