TTF-Clayton Utz-Insights

TTF-Clayton Utz-Insights

04 June 2009

Welcome to Clayton Utz' newsletter for Tourism & Transport Forum members.

As we come to the end of a challenging financial year, we look at three issues that have particular importance in the current economic situation:

infrastructure financing - how is it changing in response to current conditions?
some responsible entities may decide to alter their funds' constitution to suspend redemption requests - how should this be done?
with commercial office vacancy rates increasing in Australia, it is a great time to be – and to attract - a desirable tenant.

We also examine the NSW Government's plan to sell Crown land to raise revenue and learn that buying Crown land has some special features,while TTF puts the case for appropriate tourism development in National Parks.Finally, we investigate whether your neighbours have any right to sue you when you lodge a Development Application.

Tourism development in the natural estate

By Christopher Brown.

Should national parks be open for tourism? TTF Managing Director Christopher Brown is among those who say they should be more accessible, allowing more members of the public to experience nature and enjoy the view.

For Sale: New South Wales Crown Land

By Tom Nguyen.

The NSW Government's mini-budget last year signalled the sale of Crown land to raise revenue. Those wanting to take advantage should however understand there are some special extra steps in the sale of Crown land, as Tom Nguyen shows.

Thrills, spills and litigation: Are Development Applications a TPA-free zone?

By Peter Briggs, Darren Bick and Rachel Roberts.

Are you liable to claims from the neighbours when you lodge a Development Application? A recent court decision might give some comfort, as Peter Briggs, Darren Bick and Rachel Roberts explain.

Filling the spaces: Negotiating tenant-friendly leases in troubled times

By Nikki Robinson and Laura Duesbury.

Increasing commercial office vacancy rates can present a great opportunity not only to tenants, but to canny landlords, say Nikki Robinson and Laura Duesbury.

The future of infrastructure financing and bidding processes

By Owen Hayford and Vanessa McBride.

The infrastructure financing market is changing in response to current conditions, but how is it changing? And what effect will choices made today have tomorrow? Owen Hayford and Vanessa McBride see which way the market is heading.

Managed funds - Amending a fund's constitution in the current economic climate

By Klay Brown.

Some responsible entities may decide to alter their funds' constitution to suspend redemption requests. As Klay Brown explains, this can be done, but REs need to ensure they are aware of the correct process and procedure involved when making these amendments.

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