Chip Goodyear retired as CEO of BHP just over 12 months ago. Now he has been appointed CEO of Temasek, the $207 billion Singapore Governments sovereign investment fund. Temasek is also reportedly one of the two Asian investors keen to buy Australian village and aged care properties at the bottom of the market. Given he lived in Melbourne for five years, he will have a comfort for making significant investments here that others would not. Being a form of superannuation fund, Temasek has the ability to be long term investor.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home