Under the powers of the Local Government Act 1993 on 26 July 2000 Council resolved to establish Ipswich City Enterprises Pty Ltd as a wholly owned subsidiary under the Corporations Act 1989 and relevant Queensland Corporation Law at the time. The company was incorporated on 29 December 2000. It was established as a beneficial enterprise that could engage in activities to benefit Ipswich City Council.
Board of Directors
Ipswich City Enterprises Pty Ltd 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 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.
Frequently Asked Questions
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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