ACT land agency chief looks to 'maximise revenue' on residential sales
READ MORE
Mr Dietz also outlined the separations between the agency, the City Renewal Authority and the planning directorate essentially, describing the agency as driven by the directorate’s indicative land release schedule.
He said that one of the issues in the past was that “too much control” of land planning, release and development was in “one area”, the now-defunct LDA.
Mr Dietz also said the question of whether it was “profit-driven” was a question “in the past”, but if they were only driven by profit “why wouldn’t we hold back the supply of land ensuring the demand stays high because then the profits would go through the roof?”.
He said when it came to that question, and whether the agency was driven by revenue, it was “no, but a little bit of yes”, and that if revenue was not catered for in other parts of government “then it is our role to get the best money we can, the best returns on investment”.
But Mr Dietz said the agency and the board were looking to balance that financial responsibility with other social and environmental responsibilities.
Article source: http://smh.com.au/queensland/massive-workshop-fire-sparks-evacuations-in-brisbane-s-north-20170924-p4yw2p.html
Comments
Post a Comment