Sexton, D. 'For Over 50s Who Want Fun,' The Cairns Post, June 25, 2008, p. 27.
A tai-chi terrace, teppanyaki bar and handyman workshop are just some of the features that will be on offer at the Savannah Lifestyle Resort at Mareeba the $100 million resort community for over-50s expected to be complete within four years. Director Noel Mewett, developer of lifestyle communities such as the Gold Coasts Golden Crest Manor, says: "Australia wide, similar projects are outselling retirement villages five to one." The gated community will comprise 170 residences of two and three-bedroom homes built to nine different architectural designs, and will incorporate a clubhouse with cinema and entertainment lounges and a business centre with library. At Savannah, residents will pay no body corporate fees, deferred management fees, stamp duty, council rates or exit fees owning tenure over their homes but not the actual land while paying a weekly fee that covers land lease and maintenance. Residences start at $320,000.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...