Mount Isa faces uncertain future, with imminent closure of copper mine
Mount Isa is set to lose a major industry by the end of July, with Glencore set to close its underground copper mine. The North West Queensland city is bracing for the impact of the closure on the mining community.
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News.com.au
17 minutes ago
- News.com.au
Brisbane households slugged with $50 green waste bin fee – even if they don't want one
Households in a major city are set to be slugged with an extra $50 waste levy as the council announces a major rollout as part of its annual budget to help skirt the state government's 'bin tax'. From August, Brisbane City Council will introduce the Universal Waste Charge, an opt-out green waste program for about 170,000 stand-alone households that will replace the Waste Utility Charge and scrap existing surcharges. Instead, residents will be charged a flat annual universal waste fee of $512.96 – whether they use the new green waste bin or not. This is an increase of about $50 per year, with the rollout expected to take place between August and December. Residents who already paid for a green waste bin will not have to cop the fee. However, those who do not want the bin will still have to pay the extra fee. 'Other households will pay an extra $49.52 a year, with $33 of this increase related to the waste levy introduced by the former Labor state government,' a council statement read. Brisbane Lord Mayor Adrian Schrinner said the change was part of a 'large-scale tax-avoidance scheme' that would help the council dodge the state government's 'bin tax'. He said the introduction of the green bins would help reduce strain on growing landfills. 'One of the things this does is it helps us avoid the state government's bin tax,' he said per The Brisbane Times. 'Every year there's a tax that increases on waste going to landfill. 'At the moment, for example, our green waste recycling program saves about $1.6m a year in state government taxes. 'We're running a large-scale tax avoidance scheme because I don't want anyone to have to pay the state government's bin tax.' The state government levy was introduced in 2019 and charges the council about $115 per tonne of waste in the landfill. It is expected to increase by $10 every year until 2028. Mr Schrinner argued the recently announced annual fee would help save between $2m and $3m within the first year of the scheme. In the span of five years, Brisbane City Council estimates it will save approximately $32m. 'Every house will get a green bin, and that will be part of the business-as-usual service,' he said per The Brisbane Times. 'The reason we're doing that is because of the state government's bin tax … that effectively forces ever-increasing costs onto councils.'
The Australian
an hour ago
- The Australian
NRL's Pacific plan to pummel AFL in broadcast bonanza
ARL Commission boss Peter V'landys says rugby league's next TV rights deal could span up to 10 years, revealing a Pacific goldmine that will deliver broadcast billions to the NRL. V'landys plans to kick off broadcast negotiations in July after the State of Origin decider and the ARLC chairman says the inclusion of Papua New Guinea will help the code clinch the richest TV rights deal in rugby league history. V'landys will arrive in PNG this Tuesday to ramp-up the NRL's reconnaissance for the 19th team in 2028 and the next step is thrashing out a Pacific-infused broadcast deal that can blow their AFL rivals out of the water. A third network has contacted the ARL Commission to formally express interest. Up to five or six bidders are tipped to enter negotiations as current rights holders Fox and Channel 9 face billion-dollar competition for the most watched code in Australian sport. The NRL's last five-year TV rights deal was worth around $2 billion, including media rights in New Zealand, but V'landys has revealed the sport's next broadcast arrangement may be brokered for a longer term. The NRL's current TV rights deal ends in 2027. The next cycle was tipped to run from 2028-32, but V'landys says he wants to formalise rugby league's new broadcast deal by season's end in a package that could deliver a decade of certainty. That scenario would see the NRL smash their current broadcast haul with a potential fiscal TV rights bonanza of between $3 to $4 billion. 'It could be longer than five years, absolutely,' V'landys said. Asked if the next TV rights deal could be seven to 10 years in duration, he said: 'Yes, it could be. 'We're having some off-the-record talks at the moment, but we plan to start very soon and it will certainly heat up in the next couple of months. 'I definitely want it finalised this year. 'Hopefully that's the case and it's certainly our ambition to do it. 'We want certainty and we know our clubs want certainty. 'Players also want certainty, because if you do a three-or-four year deal or even longer, you know what your revenues are. 'We haven't got to that level of detail yet, but this will be a record deal. 'We have a much more valuable product now, much more valuable.' There are several variables that give V'landys confidence of broking the most lucrative broadcast deal in the code's 117-year history. One factor is the emergence of new media streaming giants, with global tentacles, such as Netflix, Amazon and Paramount. DAZN completed a $3.4 billion purchase of Foxtel in April and V'landys confirmed the world's leading sports entertainment platform will be a major player in upcoming TV rights negotiations. 'Of course they'll be keen,' he said. 'We're the number one sport in Australia. Why wouldn't they be keen? 'I can confirm we've had genuine interest. We are confident there are several parties in the marketplace and I'm confident there will be more to come when we begin talks. 'We will get a lot more dollars now than we have ever gotten because of the hard work done by the players, the clubs and the NRL.' Another significant factor is the expansion drive that will trigger the admission of the Perth Bears to the NRL in 2027 before Papua New Guinea's entry in 2028. V'landys says PNG will not only represent a fresh spectator market, but open a broadcasting gateway that could see the Pacific eventually usurp Australia as the NRL's most lucrative TV rights powerhouse. The NRL is exploring a cut-price Pacific subscription service to monetise the NRL's 19th team and the 10 million-plus Papua New Guinea fans who will back the franchise with unmatched tribalism. 'Papua New Guinea could end up, in 10 or 15 years, to be worth more in broadcast revenue than Australia,' he said. 'With PNG coming in, that is a massive arm that we have never tapped into, not to mention Perth. 'We're the most-watched sport in Australia, so we now should attract substantial offers. 'Our data shows 1.8 million people streamed the Papua New Guinea game against Australia's Prime Ministers XIII, which was an extraordinary number. 'By having a cheap subscription to watch (PNG and NRL games), we could attract millions of new subscribers in the Pacific. 'We're very mindful of pricepoint. We don't want to make it too expensive for rugby league fans to watch and support the game. 'We definitely want to get the most revenue, but at the same time, we don't want to make it unaffordable for our wonderful fans. 'The game has never been in a better place. 'This has been a planned strategy - and it will pay off big time.' Peter Badel Chief Rugby League Writer Peter Badel is a six-time award winning journalist who began as a sports reporter in 1998. A best-selling author, 'Bomber' has covered five Australian cricket tours and has specialised in rugby league for more than two decades. NRL Selwyn Cobbo flew to Sydney for preliminary talks earlier this month in the strongest sign yet that the powerhouse back is on the verge of quitting the Broncos. See which clubs are interested. NRL The might of New Zealand Rugby wants what the NRL has, with Warriors boss Cameron George approached to jump codes to become their next CEO, reveals David Riccio.
News.com.au
2 hours ago
- News.com.au
Victorian build-to-rent landlords dodge new minimum lease terms
The Victorian government has quietly backed away from a plan to set minimum 12-month lease terms for thousands of Melbourne rentals. A proposed change to the Land Tax Act 2005 would have removed a deduction offered to build-to-rent operators from January 1 next year, unless they set the minimum lease term. Industry groups challenged the plan, citing research showing that between 10 and 30 per cent of tenants signing on for leases in the city's tenants-only complexes had specifically sought shorter terms. They also warned removing the tax benefit could have impacted attracting much needed development to build more rental homes across Melbourne. The city is currently Australia's capital for build-to-rent apartments, which effectively replace mum and dad investor landlords with corporate groups and super funds. Earlier this week the Victorian government acknowledged 1000 build-to-rent apartments had been built in the 2023-2024 financial year, with a further 18,200 under construction. The changes requiring the minimum term were removed from the State Taxation Acts Amendment Bill 2025 just prior to its passage into parliament late this week. In 2020 the Victorian government created a tax benefits program for build-to-rent projects that has helped it to become the nation's top destination for developers planning such builds. It is understood the decision to remove the minimum terms requirement is subject to further discussion with the property industry. Property Council of Australia Victorian executive director Cath Evans said the change was vital to accommodate a wide range of renters including couples separating, people working interstate for short periods, families completing home renovations who needed the flexibility of shorter leases. 'So we were very pleased to see the government took our advice and has amended the policy as it went through,' Ms Evans said. She added that with the change maintaining stability for the build-to-rent sector, it was hoped more operators would be willing to undertake developments in the space and help boost the supply of new homes for tenants in Melbourne. 'There is a significant need to grow the BTR sector further as part of our broader need to deliver more homes for Victorians,' Ms Evans said. 'A more competitive property taxation regime is critical across all parts of the housing market to keep investment flowing and delivering the homes our communities urgently need.' Build-to-rent projects typically cater for Melbourne's higher-priced rental market, with many operators charging more than $800 a week for two-bedroom residences, but offering significant levels of luxury ranging from pools and gyms to podcasting and work-from home spaces around the complexes. With operators typically seeking to engage tenants long term, leases of up to three years are not uncommon where would-be residents are seeking security. Traditional residential tenancies do not currently have minimum lease terms, with most set at one year before rolling over to a month-by-month arrangement — or being renewed for another 12 months. Tenants Victoria chief executive Jennifer Beveridge said they would be speaking with the government further about creating more stability and security for tenants. 'The government have said they want to consult more with renters, and we'll be calling for more availability of longer term options,' Ms Beveridge said. 'Build-to-rent properties are built for the express purpose of remaining rental homes. We should take this opportunity to give people real security to stay there and make homes in them.'
