ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

http://www.australand.com.au/Projects/Hamilton-Reach/

Australand begins building in Brisbane
Matthew Cranston
338 words
9 Jul 2015
The Australian Financial Review
AFNR
English
Copyright 2015. Fairfax Media Management Pty Limited.

Singapore-listed Fraser Centrepoint's Australand has appointed one of Queensland's oldest generational businesses, Tomkins Commercial & Industrial Builders, to kickstart construct of its $44 million luxury boutique riverfront apartment development, Newport, at Hamilton Reach, Brisbane.

The project has 34 luxury apartments which will be built overlooking the Royal Queensland Golf Club and the Brisbane River. Already 20 off-the-plan sales have been recorded worth more than $27 million, including its highest sale to date of a courtyard apartment, worth $2.195 million.

Australand's Queensland residential general manager Cameron Leggatt said the builder was specifically chosen because of the need for a high-quality construction.

"We had a competitive tender with four builders but ultimately we chose Tomkins because of their track record on high-quality builds. Tomkins has a reputation for delivering a quality product and we are looking forward to making our vision a reality with their expertise."

"The standard of finishes in Newport is very high and is designed to resonate with owner-occupiers," Mr Leggatt said.

Almost all purchasers so far have been locals downsizing from the nearby affluent suburbs of Hamilton, Ascot and Clayfield, as well as other Brisbane areas such as Toowong and Bridgeman Downs.

"We have skewed this product to the owner-occupier market, which has been improving on the back of established housing markets."

"We have a level of presales that gives us the confidence and financial settings to commence construction."

Hamilton Reach is just six kilometres from central Brisbane and within the Northshore Hamilton Urban Development area, one of Australia's largest waterfront urban renewal projects.

Architects RotheLowman have designed Newport, incorporating a rippling effect in the façade, which captures the movements of the adjacent Brisbane River.

Construction is expected to be completed late next year. Amenities include a resort-style pool and a private landscaped atrium within the centre of the building. Two-bedroom apartments have been priced from $735,000 and three bedrooms from $965,000.


Fairfax Media Management Pty Limited

Document AFNR000020150708eb790001k

Masterplanned community is all go
Alexandria Utting
275 words
9 Jul 2015
Albert & Logan News
ALBELN
English
Copyright 2015 News Limited. All Rights Reserved
DEVELOPER Australand has launched the first residential blocks in a $400 million Logan City masterplanned community.

The 2450ha Park Ridge Masterplan will be one of Queensland’s largest on completion in about 25 years.

Australand’s The Rise estate will include 370 lots plus a 1ha central park and playground.

Australand Queensland residential general manager Cameron Leggatt said Park Ridge would stimulate growth in Logan City by offering affordable, quality housing.

“With housing affordability throughout Brisbane and southeast Queensland out of reach for many Australians, The Rise is keeping the dream of home ownership alive with house and land from $280,000,” Mr Leggatt said.

Logan City Mayor Pam Parker said the community was part of a larger plan to create a vibrant and sustainable future for the city.

“The master plan provides a vision for the area that will encourage future development and improve the area’s appeal to investors, visitors, residents and the wider community,” Cr Parker said.

“The area will offer a range of affordable living options, a strong economy, existing and future amenity as well as community facilities and recreational venues.” The Outlook – the first stage of The Rise – comprises lots from 250sq m to 786sq m.

The masterplanned community is part of the Logan Planning Scheme which extends from the Greenbank Military Reserve to Logan River.

It includes parts of Boronia Heights, Greenbank, Heritage Park, Logan Reserve and Park Ridge.

Over the next 25 years, the Park Ridge Masterplan is expected to create homes and infrastructure for more than 25,000 new residents.It will also create about 13,000 new jobs.


News Ltd.

Document ALBELN0020150708eb790001y

(05-07-2015, 10:41 PM)greengiraffe Wrote: [ -> ]http://www.australand.com.au/Projects/Th...P-The-Rise

Affordability in focus
275 words
4 Jul 2015
Courier Mail
COUMAI
English
© 2015 News Limited. All rights reserved.

DEVELOPER Australand has launched its first residential blocks in a $400 million Logan City masterplanned community.

The 2450ha Park Ridge Masterplan will be one of Queensland’s largest when it’s completed in about 25 years.

Australand’s The Rise estate will include 370 lots plus a 1ha central park and playground.

Australand Queensland residential general manager Cameron Leggatt said Park Ridge would stimulate growth in Logan City by offering quality housing at an affordable price.

“With housing affordability throughout Brisbane and southeast Queensland out of reach for many Australians, The Rise is keeping the dream of home ownership alive, with house and land from $280,000,” Mr Leggatt said.

Logan City Mayor Pam Parker said the masterplanned community was part of a larger plan to create a vibrant and sustainable future for the city.

“The master plan provides a vision for the area that will encourage future development and improve the area’s appeal to investors, visitors, residents and the wider community,” Cr Parker said.

“The area will offer a range of affordable living options, a strong economy, existing and future amenity as well as community facilities and recreational venues.” The Outlook – the first stage of The Rise – comprises lots ranging from 250sq m to 786sq m.

The masterplanned community is part of the Logan Planning Scheme, which extends from the Greenbank Military Reserve to Logan River. It includes parts of Boronia Heights, Greenbank, Heritage Park, Logan Reserve and Park Ridge.During the next 25 years the Park Ridge Masterplan is expected to create homes and infrastructure for more than 25,000 new residents, plus about 13,000 new jobs.


News Ltd.

Document COUMAI0020150703eb7400052

http://herstonquarter.com.au/

http://herstonquarter.com.au/herston-qua...mentation/

Australand, Lend Lease, Stockland vie for Herston Quarter project
THE AUSTRALIAN JULY 11, 2015 12:00AM

Ben Wilmot

Commercial Property Editor
Sydney
Pitt and Trad
Treasurer Curtis Pitt and Brisbane Central MP Grace Grace at the Royal Brisbane Hospital. Picture: Annette Dew. Source: News Corp Australia

The Queensland government yesterday short-listed three proponents to develop a health precinct adjoining the Royal Brisbane Hospital at Herston, with the trio to now develop detailed plans for the key precinct.

Treasurer Curtis Pitt yesterday announced Singapore-owned Australand, Lend Lease/Trinity Health and Stockland as the short-listed proponents for the Herston Quarter project.

The Australian revealed last month that the Queensland government had reopened the door to the development of the Brisbane site, and at the time the field was reported to include Australand, Brookfield Multiplex, Lend Lease and ­Grocon. Since the election of Labor in January the process has been on hold. The government is now focused on developing a health and biomedical precinct along with a residential and retail zone on the site, which is adjacent to Lend Lease’s $2.9 billion redevelopment of the Brisbane Showgrounds precinct.

The interest of the three groups in the project illustrates the growing importance of health work to property companies, and the Palaszczuk government says they have been told health-related activities will be the focus.

“That could include elements such as biomedical research and a mix of public and private hospital facilities,” Mr Pitt said.

http://www.australand.com.au/Projects/Discovery-Point

Growth of city's other waterfronts
CAROLYN BOYD
820 words
11 Jul 2015
Sydney Morning Herald
SMHH
English
© 2015 Copyright John Fairfax Holdings Limited. Factiva.Gateway.Messages.Archive.V1_0.ELink
Newhomes: We look at three of the best projects for living by the river

Sydney's rivers are being rediscovered along with the development potential of their surrounding areas.

Sydney may be known for its world-class beaches but now the city's rivers are coming to the fore for buyers seeking to mix convenient living with being by the water.

On the Parramatta River the boutique Water Reach development has recently launched, offering buyers larger-sized apartments near the water's edge.

The development on Hilly Street in Mortlake is right near Breakfast Point but is on a much smaller scale.

Architect Roland Martinez, of JPR Architects, says the smaller number of apartments at Water Reach - there are only just eight in total - has enabled it to be very sustainable.

"It's all cross-ventilated, it's all got solar access and there's good views."

On the other side of the CBD, the birth of Discovery Point clustered around the Cooks River is nearing its end. Marq is the second-last building in the development and has 233 apartments.

Discovery Point has completely changed the area around the Cooks River near Wolli Creek train station. There is now a piazza-style village square with alfresco cafes, restaurants and 19 specialty shops. The Woolworths and Dan Murphy's have also been welcome additions to both the immediate residents and the surrounding suburbs.

Being on the Cooks River gives buyers access to more than three hectares of parklands and gardens, walking tracks and cycleways.

Another river precinct being revitalised is the Georges River. The Bindery at the Paper Mill on Georges River is being touted as a "real first" that is "part of a new vision for premiere waterside apartment living in Liverpool". It launches on July 18 and the display suite showing the range of floor plans and finishes opened last weekend.

1

Marq, Discovery Point

8 Brodie Spark Drive, Wolli Creek

One-beds 47-66 square metres, $550,000+

Two-beds 64-112 square metres, $700,000+

Three-beds 98-109 square metres, $1.03 million+

Strata levies From $922.70 a quarter

Due for completion 2017

Agent Australand, 13 38 38; australand.com.au/Projects/Discovery-Point

This is the second-last project in the Discovery Point development, which will eventually have 1500 apartments across 14 buildings. Two of those buildings will be home to the new 233-apartment Marq offering.

Designed by architects Group GSA, both of the Marq buildings will be 15 storeys with a mix of one, two and three-bedroom apartments.

There will be two two-storey terraces. They will have their own private street entrances and more of a house-like feel.

Major pluses for the Discovery Point area are its on-site train station and large supermarket, and its proximity to the CBD and the city's southern bayside beaches, including Brighton-le-Sands.

2

Water Reach

29 Hilly Street, Mortlake

Two-beds 91-95 square metres, $1.28 million+

Strata levies From $738 a quarter

Due for completion 2016

Agent Regency Real Estate, 02 9552 6888; regencyrealestate.com.au

To architect Roland Martinez, of JPR Architects, designing the Water Reach apartments presented a nice challenge. He was able to commit whole floors to single apartments and make the most of the views, sunlight and breezes.

"It's a very interesting and unique design," Martinez says. "They're not your typical apartments because it's one apartment per floor... it's more like a house."

There are eight apartments in the M Dynasty Group development, each with two bedrooms. Some have studies as well.

M Dynasty Group chief executive Esther Lin says the developers are aiming for a small neighbourly feel.

3

The Bindery

At the Paper Mill on Georges River, 28 Shepherd Street, Liverpool

One-beds 50-68 square metres, $410,000+

Two-beds 75-105 square metres, $525,000+

Three-beds 95-120 square metres, $685,000+

Strata levies From $600 a quarter

Due for completion Mid-2017

Agent Coronation Property Co,

1800 78 33 22; liveatthepapermill.com.au

The Bindery at The Paper Mill on Georges River is a reimagination of one of Australia's oldest and largest paper mills. The Bindery is developer Coronation Property Co's second release at the Liverpool site. The first properties in the development went to market late last year and The Bindery will be officially launched on July 18.

Designed by Woods Bagot, The Bindery is part of a reactivation of the Georges River and surrounding urban areas. It will comprise 169 apartments spread over two buildings.

Finishes will include recycled timber and brick, granite cobblestones and steel inlay, crafted to reflect the site's industrial past.

The development will also feature three sky bridges that link each of the buildings.


Fairfax Media Management Pty Limited

Document SMHH000020150710eb7b00077

http://www.australand.com.au/Projects/Cova/SMP/SMP-Cova

Berths added extra
74 words
11 Jul 2015
Courier Mail
COUMAI
English
© 2015 News Limited. All rights reserved.
COVA at Hope Island has released the only townhouse and freehold marina berth packages on the Gold Coast.

Australand’s Enclave Collection release features 19 three-bedroom, two-bathroom townhouses, with optional marina berth.

The berths are available exclusively to Cova residents and are around 3.4 nautical miles to the Gold Coast Broadwater.The townhouses start from $395,000 and the home and berth packages start from $436,895.


News Ltd.

Document COUMAI0020150710eb7b000du

http://infopub.sgx.com/Apps?A=COW_CorpAn...0bb4348ef4

More comfort and convenience for Nee Soon residents with new Northpoint Link

Additional retail link will boost seamless connectivity at Northpoint City

SINGAPORE, 20 July 2015 – With construction of the new icon of Nee Soon – Northpoint City – already in the works, Nee Soon residents will be looking forward to an additional boost to the seamless connectivity that Northpoint City will bring – a brand-new airconditioned retail link that will offer comfortable and convenient access between Yishun MRT and the new air-conditioned bus interchange at Northpoint City.

The new underground retail link, to be named Northpoint Link, will supplement the current underpass connecting Yishun MRT and the bus interchange via Northpoint Shopping Centre. Mr Cheang Kok Kheong, Chief Executive Officer of Development and Property of Frasers Centrepoint Limited, the developer of Northpoint City, said that the additional underpass is a boost for the larger Nee Soon community, who is already beginning to enjoy the benefits of a precinct in transformation. “With Northpoint Link, not only will Nee Soon residents be able to reach Orchard Road in 22 minutes by train, but they can do so in total comfort, with Yishun MRT seamlessly connected to the new air-conditioned bus-interchange via a comfortable and convenient underground retail link,” he said.

The seamless connectivity of an integrated transport hub at its doorstep was one of the major draws for buyers of the recently launched North Park Residences – a 920-unit private residential development at Northpoint City. North Park Residences bucked the trend in private property sales with around 80 per cent of its launched units sold within two months of launch. Northpoint Link with a comfortable eight-metre width compares favourably with the typical five-metre width of most underground connectors.

Close to 30 convenience and “takeaway” shops will flank the fully air-conditioned Northpoint Link, offering commuters easy access to quick buys between Yishun MRT and the bus interchange as well as Northpoint City. Construction of Northpoint Link will begin in August 2015 and is estimated to take two years to complete. “While there will be diversions for both pedestrian and vehicular traffic along Yishun Avenue 2 during the construction period, inconvenience will be minimised
and there will be no compromise on the number of lanes for vehicles as well as footpath capacity.

We seek the understanding from residents and commuters during this period,” said Mr Cheang.

### About Frasers Centrepoint Limited Frasers Centrepoint Limited (“FCL”) is a full-fledged international real estate company and one of Singapore’s top property companies with total assets above S$22 billion as at 31 March 2015. FCL has four core businesses focused on residential, commercial, hospitality and industrial properties spanning 77 cities across Asia, Australasia, Europe, and the Middle-East. FCL is listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Company is also the sponsor of three real estate investment trusts listed on the Main Board of the SGX-ST. They are Frasers Centrepoint Trust, Frasers Commercial Trust, and Frasers Hospitality Trust (a stapled group comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust), which are focused on retail properties, office and business space properties, and hospitality properties, respectively. As a testament to its excellent service standards, best practices, and support of the environment, FCL is the proud recipient of numerous awards and accolades both locally and abroad.

For more information on FCL, please visit www.fraserscentrepoint.com. For media queries, please contact: Frasers Centrepoint Limited Karina CHOO / SIEW Lay Eng Tel: +65 6277 2677 / +65 6277 2678 E-Mail: fclgroupcomms@fraserscentrepoint.com Weber Shandwick Genevieve YEO Tel: +65 6825 8075 E-Mail: gyeo@webershandwick.com


Sent from my D5503 using Tapatalk

http://www.cockburnliving.com.au

KICKING GOALS
605 words
19 Jul 2015
The Sunday Times (Perth)
SUNTIP
English
© 2015 News Limited. All rights reserved.
Affordability and positive rental returns are major drawcards for this Cockburn Central apartment development

INTEREST in the Vicinity apartment complex in Australand’s Cockburn Living development in the heart of Cockburn Central has been high from the get-go, with 12 units sold off the plan in the first four weeks of the release.

Two buyers included a pair of siblings who bought two one-bedroom apartments, next door to each other, off the plan after searching for suitable investment properties that ticked all their boxes.

What is appealing to most buyers in this up-and-coming suburb is the array of projects planned for the area, including a new recreation and aquatic centre and an expansion of the Cockburn Gateway Shopping City. And they’re striking while the iron is hot and prices are still affordable.

“Our Vicinity apartments are modern and contemporary and offer an affordable, urban lifestyle alternative,” says Cockburn Living’s development director Alicia Jones.

“The apartments were designed by renowned architects Cameron Chisholm & Nicol, who created a striking facade and elegant, open-plan interiors.

“The site for was chosen due to its location and proximity to local facilities, transport, employment nodes and the coastline.

“It is ideally located only 20km from Perth CBD, 9km from Murdoch University and Fiona Stanley Hospital and adjacent to Cockburn Gateway Shopping Centre.” Australand’s Vicinity apartments are beautifully designed and finished to a high standard, with Smeg kitchen appliances, quality chrome kitchen and bathroom tapware, airconditioning to the living room, porcelain floor tiles and quality stone benchtops.

“The apartments also feature integrated balconies, which help to extend the home outdoors and creates a spacious and luxurious feel,” Alicia says.

Audio-visual intercom, remote-control access to the garage and security lighting are also included as standard in the apartments, which range in size from 51sq m to 96sq m.

“Timber-look flooring to the kitchen, living and dining areas gives the apartments a modern feel, while remaining relatively low maintenance,” Alicia says.

Their location is a major selling point. The Vicinity is right in the heart of Cockburn Central town centre and only a short walk to bars, cafes, restaurants, shops, a fitness centre and library. Residents will also soon have access to the future home of the Fremantle Football Club – a multi-million-dollar, state-of-the-art recreation and aquatic facility planned at Cockburn Central West – which is just a short walk away from the development.

For those considering buying an apartment as an investment, the rental return on Vicinity is expected to be excellent. Recent appraisals on a two-bedroom apartment in Cockburn Central estimated rents at about $450 to $480 a week.

Construction has started, with completion of the southern building scheduled for late this year. Stage two involves construction of a taller northern building that’s expected to be finished by mid-2016.

Australand has won two Urban Development Institute of Australia WA Awards for Excellence in the Medium Density Development categories for its previous two apartment developments in the area, Luxe and Kingston.

For more information on the Vicinity development, visit http://www.cockburnliving.com.au. The sales office is on the corner of Signal Tce and Sleeper Lane, Cockburn Central. It’s open today, 1pm-5pm; Wednesday, 2pm-5pm; and Saturday, 1pm-5pm.

Vicinity by Australand FOR SALE 96 apartments in the two stages, 1x1, 2x2, 68 remaining, plus 10 retail spaces PRICE From $383,000 to $535,000 LOCATION Between Sleeper Lane and Linkage Ave, Cockburn Central FEATURES Open-plan living areas, Smeg kitchen appliances, stone benchtops and quality tapwarePHONE 13 38 38


News Ltd.

Document SUNTIP0020150720eb7j0002u

Er what is going on...

http://www.smh.com.au/business/property/...igsrn.html

GPT Group names Bob Johnston as chief executive
Date
July 21, 2015 - 9:21AM

Carolyn Cummins
Commercial Property Editor

New GPT CEO Bob Johnston will start with GPT no later than January 26 next year. Photo: Rob Homer

Property stalwart Bob Johnston has been appointed chief executive of GPT Group, replacing the outgoing Michael Cameron.

Currently the head of diversified property group Australand, Mr Johnston is leaving now that the company, which was been taken over by Singapore's Frasers last year, has been integrated.

The appointment was seen as a surprise by some real estate investment trust analysts who had been tipping GPT"s current head of investment, Carmel Hourigan.

Mr Cameron, who joined GPT six years ago, is leaving to take on the CEO role at Suncorp, which takes him back to his banking days.

In a statement before trading opened on Tuesday, GPT said Mr Johnston would join by January 25 next year.

His new role will see him work on a growth strategy for GPT.

Mr Cameron was brought in at a time when the group was repairing its balance sheet and selling down a number of what were deemed non-core assets bought before the global financial crisis.

GPT chairman Rob Ferguson announced Mr Johnston had been selected by the board following an extensive search. His fixed remuneration will be $1.4 million a year, as well as short- and long-term incentives.

"Mr Johnston is an experienced property executive who has a strong background in all facets of the real estate value chain, both domestically and internationally," Mr Ferguson said.

"He has broad experience across GPT's key asset classes. This is supplemented with a deep understanding and established skill set in funds management, asset management and property development.

"Mr Johnston is the right choice to lead GPT as the group looks to capitalise on its strong position in the Australian REIT sector."

Mr Johnston, who has a six-month notice period with his current employer, said it was a privilege to be appointed to the CEO role and be given the opportunity to further develop the platform that existed today.

"GPT has strong market positions in retail, office and logistics. I will build upon these strong foundations and take an active position in creating product to grow the business across these sectors over the medium term," Mr Johnston said in the statement.

"I am passionate about property, people and performance. I am looking forward to assuming the role as soon as possible and further consolidating GPT's position as one of Australia's leading property and funds management businesses."

Winston Sammut of Maxim Folkstone Funds Management said the market would react postively to Mr Johnston's appointment.

"Michael Cameron was appointed for his banking acumen, but now the balance sheet is back on track, GPT has opted for a property specialist who will steer the company through its next growth phase," Mr Sammut said.

(21-07-2015, 09:27 AM)greengiraffe Wrote: [ -> ]Er what is going on...

http://www.smh.com.au/business/property/...igsrn.html

GPT Group names Bob Johnston as chief executive
Date
July 21, 2015 - 9:21AM

Carolyn Cummins
Commercial Property Editor

New GPT CEO Bob Johnston will start with GPT no later than January 26 next year. Photo: Rob Homer

Property stalwart Bob Johnston has been appointed chief executive of GPT Group, replacing the outgoing Michael Cameron.

Currently the head of diversified property group Australand, Mr Johnston is leaving now that the company, which was been taken over by Singapore's Frasers last year, has been integrated.

The appointment was seen as a surprise by some real estate investment trust analysts who had been tipping GPT"s current head of investment, Carmel Hourigan.

Mr Cameron, who joined GPT six years ago, is leaving to take on the CEO role at Suncorp, which takes him back to his banking days.

In a statement before trading opened on Tuesday, GPT said Mr Johnston would join by January 25 next year.

His new role will see him work on a growth strategy for GPT.

Mr Cameron was brought in at a time when the group was repairing its balance sheet and selling down a number of what were deemed non-core assets bought before the global financial crisis.

GPT chairman Rob Ferguson announced Mr Johnston had been selected by the board following an extensive search. His fixed remuneration will be $1.4 million a year, as well as short- and long-term incentives.

"Mr Johnston is an experienced property executive who has a strong background in all facets of the real estate value chain, both domestically and internationally," Mr Ferguson said.

"He has broad experience across GPT's key asset classes. This is supplemented with a deep understanding and established skill set in funds management, asset management and property development.

"Mr Johnston is the right choice to lead GPT as the group looks to capitalise on its strong position in the Australian REIT sector."

Mr Johnston, who has a six-month notice period with his current employer, said it was a privilege to be appointed to the CEO role and be given the opportunity to further develop the platform that existed today.

"GPT has strong market positions in retail, office and logistics. I will build upon these strong foundations and take an active position in creating product to grow the business across these sectors over the medium term," Mr Johnston said in the statement.

"I am passionate about property, people and performance. I am looking forward to assuming the role as soon as possible and further consolidating GPT's position as one of Australia's leading property and funds management businesses."

Winston Sammut of Maxim Folkstone Funds Management said the market would react postively to Mr Johnston's appointment.

"Michael Cameron was appointed for his banking acumen, but now the balance sheet is back on track, GPT has opted for a property specialist who will steer the company through its next growth phase," Mr Sammut said.

Related article: http://www.theedgemarkets.com/sg/article...nd-resigns

I would not be surprised if the takeover of Australand is difficult and resulted in the CEOs resignation. My own source was that previously F&N went through an uncertain rough patch as well.. No idea how is F&N internally now.

Sent from my D5503 using Tapatalk

(21-07-2015, 12:06 AM)greengiraffe Wrote: [ -> ]FOR SALE 96 apartments in the two stages, 1x1, 2x2, 68 remaining, plus 10 retail spaces PRICE From $383,000 to $535,000 LOCATION Between Sleeper Lane and Linkage Ave, Cockburn Central

[url=http://www.australand.com.au/~/media/Australand/Residential/WA/Cockburn-Living/Published/TermsConditionsMoveJuly2015FINAL.pdf
]Move Up, Move In, Move Now Promo[/url]
3 different choices on offer

1. 5% rental yield guarantee (top up difference of up to 5% if rent falls below expected yield)

2. $3,000 furniture voucher + $3,000 cash benefit

3. Lumpsum $10,000 deduction from price

Singapore/Malaysia developers were offering similar items when property was going down... A sign of things to come for properties in Perth?

greengiraffe Wrote:Er what is going on...

http://www.smh.com.au/business/property/...igsrn.html

GPT Group names Bob Johnston as chief executive

Looks like he's serving the full 6 months notice period and taking 2 weeks off before starting on the next job.

Also A$1.4m should also be an increment from the standard FCL wages (~1m), but still significantly lower than what was listed in the 2014 AFR (~2.6m).

Top 300 Best Paid Aussie CEO