Central Coast Businesss Review - CCBR by Central Coast Business Review

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Vol 28 May 2019 Published monthly (except January)

John Singleton OA His passion and vision for the Central Coast Vice-Chancellor’s plan for a $250 million world-class university in Gosford Labor’s hypocrisy on Wyong coal mine Lee Shearer wins NSW Business Woman of the Year Award

Page 8 Edgar Adams’ Editorial Site for Gosford university campus up to the Premier

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Front cover story 4

John Singleton OA

His passion and vision for the Central Coast

6 Gosford university campus now up to the State Government 7 Vice-Chancellor’s plan for a $250 million world-class university in Gosford 9 Tuggerah sporting complex opened 11 Cambridge University recognises Central Coast Grammar School for innovation in education 11 Bay to Bay aiming to raise $100,000 12 Showcasing a sustainable Central Coast 13 Labor’s hypocrisy on Wyong coal mine 14 Lee Shearer wins NSW Business Woman of the Year Award 14 Micro brewery finds new owner 15 Employment company chooses Coast for first regional office 20 Plans for Gosford CBD Heritage to be revised – or is it revisited 20 Avoca Beach Picture Theatre development approved 20 Council’s Draft Operational Plan 201920 sees $7.7 million deficit

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20 Greater Lake Munmorah Structure Plan draft on exhibition 20 Council confirms bid for NSW Waratahs 21 What a buyer wants … A buyer gets 22 Commercial and industrial property for sale / lease 23 Singleton buys Elanora Hotel 24 Tuggerah development site on the market 25 Gosford Indian restaurant to be a Thai 26 Residential prestige property report 27 Tax changes and business write-offs

Regular features Edgar Adams’ Editorials 8 Site for Gosford university campus up to the Premier 10 Federal Election – business scared of a Labor win 12 Manufacturing news 14 Business Briefs 20 Central Coast Council news 21 Property news 16-19 BONYTHON TOWER FEATURE

Front cover: John Singleton Photo: Carmen Glenn Photography

Hear Edgar Adams’ business comment 8.10am each Monday.

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Central Coast Business Review Central Coast Business Review is a Registered Trade Mark of Adams Business Publications Pty Ltd P.O. Box 3259, Erina, NSW 2250 Phone: (02) 4367 0733 Fax: (02) 4367 0744 Email: info@ccbusinessreview.com.au Typesetting by Graphic by Design ph (02) 4365 6777 Print & Distribution by Bromley Direct ph 0412 439 773 © Adams Business Publications 1994. All rights reserved. Reproductions in any part prohibited. While every effort has been made to ensure all information in this magazine is accurate, no responsibility will be accepted by the publisher, Adams Business Publications. The producer accepts no responsibility for illustrations or photographs supplied by organisations or individuals and/or typographical errors.

Phone 02 4367 0733 Fax 02 4367 0744 Email info@ccbusinessreview.com.au Web www.ccbusinessreview.com.au FRE E valu WORK ed a S t $1 HOP 89

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COV ER S TORY

John Singleton OA His passion and vision for the Central Coast JOHN SINGLETON OA, media owner, hotel owner and race horse breeder, philanthropist, has just made his largest investment in the Central Coast with the opening of Bonython Tower and The Bon Pavilion Restaurant in the heart of Gosford CBD. For anyone to invest $35 million in Gosford CBD the question has to be, “Why do that?” In Singleton’s case its simple. He loves the Central Coast, he can afford to do it and above all he wants to make a difference – a big difference. He has a absolute love and passion for the Central Coast. For Singleton the question is to everyone else “why haven’t you done that?” This love affair with the Central Coast goes back to his childhood. He spent all his school holidays at Killcare. In those post-war days thousands of Sydney families did the same thing, they spent their holidays on the Central Coast and like them it was a case of tram from home to Strathfield Station, train to Woy Woy and ferry to Killcare. In later years, as he became successful in business, his first property acquisition was a home at Killcare for his father. Undoubtedly one of the best known businessmen in Australia, John Singleton made his name in advertising starting off as a mail boy in the Sydney office of international advertising agency J. Walter Thompson after leaving Fort Street High School. Five years later he joined Berry Currie Advertising in a creative role and five years later was made Creative Director.

In 1968 and not yet 30 years of age he teamed up with two other advertising people and started his own agency SPASM in Sydney. His highly innovative ‘ocker’ style advertisements made him an instant success and in 1973 he sold out to US agency Doyle Dane Bernbach and became Managing Director of DDB’s Australian operations. Since then he has gone on to become one of Australia’s wealthiest businessmen and has long been on the Australian Financial Review’s “Rich List”. Singleton’s business activities are extensive and diverse although he his best known as the owner of the Macquarie Radio Network for over twenty years although his media interests go back even further when he put together a media empire that comprised television, radio, advertising and publishing which he listed on the Australian Stock Exchange as STW Communications. As a hotel investor and owner Singleton has been described as a “canny’ investor picking the ups and downs of the Australian pub market, setting up and leading consortiums and buying up some of the best known hotels, particularly in Sydney at rock bottom prices during the economic downturns and then knowing when the market has hit its peak and selling out. Singleton has also made a massive contribution to horse racing with what has been described as trail blazing investments in the Australian racing and breeding indus-

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tries. He is regarded as one of Australia’s leading horse owners and breeders and was a founding partner with Gerry Harvey in the Magic Millions racehorse auction house almost forty years ago. Thirty odd years ago he bought a property at Mount White known as Pokey Hill Stud and renamed it Strawberry Hill Stud. These days he lives there and calls himself a Central Coast resident. Strawberry Hill Stud is over 100 hectares and employs over twenty people. Singleton is very generous but keeps his philanthropic activities to himself. However it is well known that he has always supported Ted Noff’s Wayside Chapel and supports Rev. Bill Crews’ Exodus Foundation. He supports many worthwhile charities without being or wanting to be acknowledged. Singleton’s love of rugby league is legendary. He has supported the code all his life starting off with the Newtown Jets one of the oldest clubs in the league and of which he is a life member. Support goes way beyond being a fan he has handed out millions of dollars over the years to prop up clubs that have got into difficulties and continues to do so. He backed the North Sydney Bears’ by buying the management rights to Central Coast Stadium and getting the Bears out of administration. For the next fifteen years Singleton poured millions of dollars into the Stadium bringing rugby league games out of Sydney

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to keep it open and so the Central Coast fans could enjoy the game without having to travel to Sydney. He also funded other events including International Rugby Union, League and Soccer. When the A-League was formed in 2004 Singleton was an enthusiastic supporter and was an inaugural FFA Board Member. He was instrumental in the Central Coast getting their own team, the central Coast Mariners playing out of central Coast Stadium. He also put up a million dollars in support of the Mariners and convinced his mate Frank Lowy to match him. In 2005 he bought a half interest in the Bluetongue Brewery a Hunter Valley craft brewery at Cameron Park which he saw as having great potential and a few years later sold it to Pacific Beverages, a joint venture between Coca-Cola Amatil and SABMiller (one of the largest brewing companies in the world) that resulted in a $120 million investment in a new brewery at Warnervale which at the time was the second largest in NSW. Singleton’s vision for this was that it would also be a tourism and entertainment drawcard for the Central Coast. Subsequently Coca-Cola Amatil sold their interest to SABMiller and a few years later in 2014 it was closed down with the loss of some 60 local jobs. Singleton was devastated and offered to buy the business but SABMiller wanted it killed off. Singleton’s love for his childhood holiday spot has never left him. For about eight

Topping out ceremony Bonython Tower August 2018 – Ray Hadley (Radio 2GB), Director Bonython Property, Paul Anderson, Planning Minister Anthony Roberts, John Singleton and Director Bonython Property, Monique Anderson. years he had a beach house on Killcare Beach but sold it to live at Mount White. In 2006 when Bells at Killcare on the Bouddi Peninsula came on the market Singleton acquired it. He then invited Karina and Brian Barry both of whom had extensive resort management experience as well as Brian being a co-founder of the Bluetongue Brewery to manage it. With a further investment of $10 million improving and expanding the property and the Barry’s expertise Bells at Killcare is now a luxury world-class retreat. He also brought in well-known international restaurateur Stefano Manfredi to assist with a new restaurant vision and redesign of the entire dining experience at the property. In 2016 the Barry’s bought the property from Singleton. It continues to operate as the only 5-star luxury boutique hotel on the Central Coast.

Following on from the purchase of Bells at Killcare in 2006, a year later Singleton bought Pretty Beach House nearby which overlooks Broken Bay and the entrance to Brisbane Water. He invested millions in it making it one of Australia’s most iconic exclusive and luxury guest houses with three stand alone pavilions and which is managed by the Barrys. In 2012 one of the pavilions was destroyed by fire which was a devastating blow. It took almost three years to rebuild and in 2018 was named on the Conde Nast Traveler’s 2018 Gold List. Singleton believes in the Central Coast. He sees the enormous opportunities and despairs for those, particularly the region’s youth who can’t get a job locally because of the narrow minded views of many of the region’s politicians, especially at local government level. CONTINUED ON PAGE 19

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BUSINESS NEWS

Gosford university campus now up to State Government IT WAS FEBRUARY 26th and NSW Premier Gladys Berejiklian, along with Treasurer Dominic Perrottet, was announcing that IT giant Atlassian would become anchor tenant at the Sydney Innovation and Technology Precinct as one of four employment precincts to drive jobs, boost education and create innovation. The announcement was significant for Gosford and the Central Coast as she revealed “the creation of an integrated Central Coast Education and Employment Precinct around a revitalised Gosford CBD with increased education and job opportunities.” “These precincts will bring together universities, major hospitals, industry leaders and startups to deliver more job opportunities across Sydney and the Central Coast. We want Western and South Western Sydney and the Central Coast to have the best jobs and the best education opportunities, and these new precincts will deliver that,” she said. Reinforcing the Premier’s announce-

ment the then Minister for Planning and Housing, Anthony Roberts, said the precinct will be about harnessing opportunity to deliver unrivalled outcomes for local people. “Today we are announcing a major milestone for the people of Gosford and the Central Coast. A new education and employment precinct will stimulate the local economy and create local jobs, as well as providing more choice for locals who are currently forced to travel, work and study outside the area.” “Having an education precinct in the heart of CBD is a game changer for the city and region. The creation of the education and employment precinct will be tasked to the Hunter and Central Coast Development Corporation (HCCDC) to deliver”, Minister Roberts said. Subsequently, on April 3rd Federal Minister for Health, Greg Hunt along with Member for Robertson, Lucy Wicks announced that the Federal Government would invest $18 million to help establish stage one of a new world class health

Professor Alex Zelinsky AO, Vice-Chancellor and President, University of Newcastle and medical innovation and education campus. “The stage one investment will support health and medical students, researchers, and visiting experts, and is part of a $250 million, multi-campus university project,” said Minister Hunt. This announcement was welcomed by University of Newcastle Vice-Chancellor and President, Professor Alex Zelinsky AO who said, “the University would work with local, state and federal partners to create CONTINUED ON PAGE 7

Vice-Chancellor’s plan for a $250 million world-class university in Gosford THE UNIVERSITY OF Newcastle’s ViceChancellor, Alex Zelinsky AO, has only been in the job since November last year but he has been quick to realise the importance of Gosford as the location to expand the University’s presence on the Central Coast as part of a multi-campus solution for the region. In addition to the Central Coast Medical School and Medical Research Institute at Gosford Hospital, Prof. Zelinsky’s vision is for a Gosford Campus similar to the University’s NeW Space campus in the heart of Newcastle. The new Gosford campus is expected to inject up to $1.9 billion into the local economy, and provide up to 1,000 jobs. The new Gosford Campus building will include a high quality living experience in the heart of the city, with a purpose-built accommodation facility for up to 300 students. To achieve this vision the University must partner with the Federal Government and the NSW Government. At this point the University has committed to expanding its Gosford presence and is seeking additional Commonwealth Supported Places and is looking to the NSW Government for a significant investment, Gosford uni campus now up to State Government CONTINUED FROM PAGE 6

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a world-class university presence on the Coast.” Professor Zelinsky said the new Gosford CBD Campus would enhance the value of the Central Coast Medical School and Research Institute. “Around the world medical schools are the jewel in the crown, in Gosford we have the jewel but no crown,” he said. “We will change that.” Through HCCDC, it is up to the NSW government to help identify and secure the land component of the project. There are several possible sites in the Gosford CBD, with the most important factor being proximity to the existing University Central Coast Medical School and Research Institute. Sites include several located in the middle of the Central Coast Education and Employment Precinct announced by the Premier in February. Central Coast Education and Employment Precinct With the reelection of the Berejiklian Government the Central Coast Education and Employment Precinct can now expected to be delivered in Gosford and the University of Newcastle has lost no time coming up with its plans for the Central Coast and revealing its intention to build a $250 million campus in the heart of Gosford.

including collaborating to secure a site in the Gosford CBD for the project. Health Minister, Greg Hunt MP, and Member for Robertson Lucy Wicks MP, in early April announced $18 million towards the first stage of the project and it is hoped that during the federal election campaign this will be added to. In acknowledging the $18 million Professor Zelinsky said, “the University thanks University of Newcastle’s NeW Space Campus in Hunter Street, Newcastle. the Government for their Photo courtesy of University of Newcastle investment in the future of integrated degrees, allowing Central Coast Gosford. We look forward to working with graduates to up-knowledge and up-skill local, state and federal governments on to meet emerging business and industry the next steps – to ensure we can deliver demands.” a once in a generation change for the The NSW Government also recognises Central Coast.” the need for The Revitalisation of Gosford “Our vision is for up to 5000 students with former Planning Minister Anthony to be studying on the coast by 2025,” Prof Roberts saying, “Gosford will need a higher Zelinsky said. “It is a bold vision. It has the education and research partner with a potential to transform lives and to have sigproven track record to springboard the revinificant business and community impact.” talisation of the CBD and inject investment, The challenge that the University of jobs and skills into the region”. Newcastle sees, and what is driving the new Prof Zelinsky said the University’s Gosford Vice-Chancellor to deliver a world-class, campus would offer courses in business fully integrated education, research and and law, leadership and entrepreneurship, innovation offering across both Ourimbah cyber security and data science as well as and Gosford Campuses, is that just 30% of healthy ageing, early childhood, social work Central Coast residents aged between 18-24 and marine science. attend TAFE or University compared with The Ourimbah campus will strengthen its 46% in the Greater Sydney Area. offerings in courses within the disciplines of “Young people need more resources, education, exercise and sport science, food engagement and role models in their science and human nutrition, oral health, community to turn their aspirations into podiatry, as well as programs in agri-busisuccess,” he says. “We will prioritise Work ness, marine and environmental science, and Integrated Learning opportunities, certimanagement and construction engineering. fication, micro-credentials, and discipline

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EDITORIAL

BUSINESS NEWS

Edgar Adams discusses local issues

Site for Gosford university campus up to the Premier YOU MAY NOT have noticed but the last eight years have been significant for Gosford. It started with the election of the Liberal State Government in 2011 and the election of a new and enlightened Gosford Council in 2012. Coincidentally it also aligns with the election of Lucy Wicks in 2013 as Federal Member for Robertson and the Abbott Liberal Government. It was more than a change of Council at Gosford. With a new CEO, Paul Anderson, Gosford CBD would be transformed as developers were encouraged to invest as incentives, along with a change in culture, made it feasible to develop. Soon the cranes were springing up everywhere. Read our feature on John Singleton’s investment in the Bonython Tower in Gosford. That is a real indicator. The new State Government jumped in and sold the old Gosford Primary School Site to developers. We now have a Tax Office thanks to our Federal Member Lucy Wicks and the State Government has relocated the Financial Services Department, all on the one site. Meanwhile the State Government announced a new Gosford Hospital would be built at a cost of $348 million plus a $35.5 million car park. That was five years ago. By 2016 Mrs Wicks had negotiated a deal with the State Government (which had saved $20 million on the hospital redevelopment), the University of Newcastle and the Federal Government tipping in

$32.5 million for a Central Coast Medical School and Central Coast Medical Research Institute with 800 jobs, to be built on top of the car park. Meanwhile, also in 2016 then Minister for Planning, Rob Stokes announced the far reaching Central Coast Growth Plan 2036 with an added population of 70,000 and 25,000 new jobs. A year later and a new Premier and Planning Minister come along and the Central Coast Growth Plan gets a real push. Minister Roberts appoints a Coordinator General for the Central Coast. Lee Shearer, with the brief to get the Growth Plan moving. But firstly, “fix Gosford CBD”. Ms Shearer has certainly done that! By late last year Minister Roberts announced the Revitalisation of Gosford, introduced a Gosford City SEPP to ensure that the crazy Central Coast Council couldn’t sabotage Gosford’s future and committed $52 million for infrastructure and parkland in the GBD. To make it all happen Minister Roberts put the Hunter Central Coast Development Corporation in charge. While all this was going on the University of Newcastle, in November 2018, appointed a new Vice Chancellor, Professor Alex Zelinsky and negotiations began, with the help of our Federal Member Lucy Wicks, for a Gosford Campus to be established in Gosford. So why the history lesson? Simple!

Tuggerah sporting complex opened As you will see from the two articles on Pages 6 and 7, Gosford uni campus now up to the State Government and Vice Chancellor’s plan for $250 million worldclass university in Gosford, it really is up to the State Government to kick the can just one more time. All that is needed is the land component and the ideal spot is the former Mitre 10 store at 305 Mann Street, Gosford which the government acquired in 2008 for less than $5 million. Mrs Wicks has got the Feds to put in $18 million as a starting point and the University has agreed to $55 million. The State Government has done a fantastic job of lifting Gosford out of the past. Worldwide there are studies that show the economic impact that universities have on regional cities. The same thing will happen in Gosford. So the message is: Dear Premier, please include funding for the land component for a university campus in Gosford in the 201920 State Budget. Federal election – business scared of a Labor win As we move towards the May 18 Federal election CCBR has been talking to people in business from micro businesses to large and there is only one conclusion to draw from their comments. They are scared. SEE PAGE 10

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THE $23.72 MILLION Playing Fields at the new Central Coast Regional Sporting and Recreation Complex at Tuggerah were officially opened by Liberal Senator for New South Wales Arthur Sinodinos in late March. “Featuring a premier field for rugby and soccer, an AFL oval, four rugby fields, three soccer fields and three cricket pitches there is something for everyone at this first class sporting complex,” Senator Sinodinos said. The 18 hectare complex offers nine playing fields to accommodate rugby, soccer, AFL and cricket, an amenities building, over 2 kilometres of shared pathways, landscaping, car parking for 450 cars and bus zones for drop-off and turning. The Playing Fields Complex was funded by Central Coast Council with a contribution of $13.71 million and a grant from the Federal Government of $10 million. “With the Central Coast projected to grow by 70,000 people by 2031, the new complex, complete with a new amenities building, light towers and car parking, will cater to the ever expanding needs of the community.” Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the state-of-the-art facility is expected to generate an additional 57,000 visitors to the area each year. Council is continuing to progress plans for the second stage works which will see the development of a multi-purpose indoor complex.

Stage 1, 18 hectare Playing Fields at Central Coast Regional Sporting and Recreation Complex Tuggerah Local builder, North Construction & Building was contracted by Council to deliver the $22million complex. In addition, North also carried out $6 million works in Lake Road as a variation to their contract. The project required the sourcing and importing of approximately 140,000 cubic metres of fill to raise the levels over the site by on average 1.2 metres to achieve a quality, engineered surface that will drain within an hour of a downpour. Earthworks were carried out by Robson Civil from Somersby. “This was a great local project for us to be involved with and one we get to see from our head office windows every day,” stated Matthew Cook, North Managing Director. “We’re proud to have overcome the challenges on this development and deliver an

2nd Stage of the Central Coast Regional Sporting and Recreation Complex Tuggerah amazing facility that will benefit the region for years to come.” CKDS Architecture were engaged by Council to design both the 1st and 2nd stages of the Complex with associate Xeriscapes, a landscape architecture practice.

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EDITORIAL

NEWS

Federal election – business scared of a Labor win AS WE MOVE towards the May 18 Federal election CCBR has been talking to people in business from micro businesses to large and there is only one conclusion to draw from their comments. They are scared. Bearing in mind that the Australian economy has been running on an even keel since the 1990s except for some wobbles during the Rudd / Gillard era no one under the age of about 40 has any recollection as to what Australia was like in the years prior to Hawke. In short, the unions ran the country, recessions were regular occurrences and it took 20 years to recover from 3 years of the Whitlam Government in 1972-75. Right now in 2019 the unions and in particular the CFMEU are salivating at the thought that they will be running the country in a few weeks’ time. Their mouthpiece, Bill Shorten, will be Prime Minister in name only while the economy will be run by a Treasurer who like his predecessor during the Rudd years believes that money grows on trees and business, small business in particular, is there to provide to fill the treasury coffers at their whim. So let’s take a look at what a Shorten / Bowen Government will do. The ALP’s plan for a Living Wage will impact small businesses who simply will not be able to pass the increased costs on. If you are in the hospitality or retail industry Shorten’s first move on getting into government will be to reverse penalty rate cuts, so it will be a case of why open on Sundays in particular, let alone public holidays. Certainly Australia needs a sensible wages policy but the Coles and Woolworths of the world won’t allow their suppliers to pass increased costs on. The Mars pet food issue at their stores is living proof.

It gets worse. Regular casuals will be given the right to demand full time employment because the unions are demanding it. We now live in a world where flexibility in operating our businesses is key to our survival. Of course the big losers will be those employees who depend on casual work. But who cares? These people are not members of a union so the unions will be happy to see them crucified. The ‘fairness’ mantra being peddled by Mr Shorten is straight out deceit. Meanwhile another major issue for all businesses is energy costs. These ever increasing costs are already impacting small and large businesses. Sunshine and wind is no substitute for base-load power that comes from the world’s cheapest source – coal. Nevertheless the ALP, kowtowing to the lunatic Greens, says Australia can save the planet with our 3.1 persons per square kilometre. The greenhouse emissions problem was created in Europe and spread to Asia. And making comparisons with Norway on electric vehicles is like comparing chalk with cheese. As for building them in Australia, it was the unions that ruined our car manufacturing industry in the first place. Small business will pay for the ALP’s greenie policies even more than they are now. While the Morrison Government is talking about reduction in taxes for individuals Labor is going after “high” income earners. Shorten’s idea of high income is $100,000 plus. That is a reasonable income but won’t make anyone rich.

The ALP will tax dividends from family and discretionary trusts at 30% as they see everyone with a trust as millionaires. The Royal Commission on Banking got the finance broker fees issue totally wrong. Labor will force finance brokers, who these days provide an essential service to borrowers, out of business and hand it all back to the Big Four banks. And the latest gem is a cap on tax deductibility for accountant’s fees of $3,000. Considering the complexities of the tax system alone this has to be a joke – except it isn’t. Shorten says accounting fees are a rort. On the taxation front eliminating franking credits will reintroduce double taxation of company tax profits and affect investors (retirees and pensioners) with reduced income. Investing in the property and housing market using Negative Gearing is a seriously big factor supporting the building industry. Goodbye negative gearing means goodbye jobs. Capital Gains Tax reduction of the present discount from 50% to 25% will have a major negative impact on investors Hardworking small business owners are a soft target and always have been for the Labor Party. Shorten and the ACTU will be targeting everyone in this sector if they end up in government. So, scary days ahead if Bill Shorten and Sally McManus get to be running this country.

Cambridge University recognises Central Coast Grammar School for innovation in education AN INTERNATIONAL REPUTATION for innovation in education has seen Cambridge University include CCGS alongside 800 elite organisations recognised for their innovative practise. Innovation 800, a high-profile study of innovation across a range of global industries, is produced by Cambridge University Students’ Union and features CCGS in the field of world-class education. CCGS is in the company of only a small number of highly-reputable Australian educators and the school is showcased for its cutting-edge approach to next-generation learning. Inclusion in Innovation 800 is achieved by nomination only. Alumni of Cambridge University were asked to nominate innovative organisations worldwide to contribute to the publication. Due to its national and international reputation CCGS received a number of nominations, and was invited to submit a paper regarding innovative practice in the field of education. The publication recognises CCGS for embracing big ideas that prepare students for the demands of life after school and its focus on real-world education that ‘cultivates critical and creative thinkers, independent learners, effective problem solvers and competent communicators’. The paper celebrates the school’s commitment to next generation learning and its investment in innovative learning environments and facilities.

Edgar Adams Editor

The University of Cambridge has been at the forefront of ground-breaking education for centuries, and many of the world’s leading universities can trace their roots back to Cambridge and its influential alumni. Bill Low, Headmaster, Central Innovation 800 cel- Coast Grammar School ebrates the university’s 800 years as a centre of innovation, offering inspiration for the pioneers and leaders of tomorrow. Innovation 800 will be circulated to a readership of 22,000 University of Cambridge students, Cambridge alumni, world-leading industry figures, and more than 50,000 educational institutions in over 190 countries worldwide. “We are proud to be featured in this impressive international project. To be recognised by one of the world’s most prestigious universities for our innovation in education is testament to our continual drive to provide a next generation education that equips students with fluent skills for a rapidly changing world.” Mr Bill Low, Headmaster at CCGS said. “Our next generation learning principles underpin everything we teach, and inform how we operate as an organisation. Our adherence to these principles has helped us to provide transformational learning facilities, cutting-edge teaching and learning, and advancements in digital literacy. World class education is the aspiration of all in our learning community.”

Bay to Bay aiming to raise $100,000

Start of the Bay to Bay Run in 2018 This year’s Bay to Bay Running Festival to be held on the 16th June and organisers, the Terrigal Trotters are aiming to raise $100,000 for three local charities: Camp Breakaway, Central Coast Health District and The Hive. Last year the event raised $90,000. Five events are planned; the Half Marathon and 12km Fun Run both start at Fisherman’s Wharf Woy Woy and finishing at Central Coast Stadium while the 5km Fun Run / Walk starts at Adcock Park finishing at Central Coast Stadium and the 2km Kids Race starts at Central Coast Stadium traverses the Gosford Foreshore and returns the to the Stadium. Sponsors include Count Charitable Foundation is the Event Sponsor while the Race Sponsors are; TravellingFit, healthe.care, Sea 101.3 and NBN News. To enter or become a sponsor visit www.baytobay.org.au

Morrison Government pledges $35 million for commuter car parking Prime Minister Scott Morrison and Member for Robertson Lucy Wicks, has announced $35 million for commuter parking at Gosford and Woy Woy Stations. The project forms part of a $253.5 million congestion-busting funding boost for NSW - part of the Morrison Government’s $1 billion Urban Congestion Fund. The project will fund a commuter car park upgrade at both Gosford and Woy Woy train stations. Lucy Wicks MP, Federal Member for Robertson said that she is delighted to announce a fully funded and properly costed plan for commuter car parking in Gosford and Woy Woy. CENTRAL COAST BUSINESS REVIEW MAY 2019

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M A N U FAC T U R I N G N E W S

NEWS

Showcasing a sustainable Central Coast

Labor’s hypocrisy on Wyong coal mine ing their prospects of gaining employment in their field of expertise.” The CCSA is sponsored by Central Coast Council but sustainably funded through membership fees and project specific sponsorship. If you are interested in sustainability or creating a triple bottom line focused project for your business, become member and join others who are passionate about the long-term future of the Central Coast. Contact Bruce Cottrill on 0418 823 023 or email ccscmain2252@gmail.com.

MANUFACTURING AND EMERGING TECHNOLOGIES

UNSW Renewable Energy Engineering student, Ayush Singh leads a discussion with other members of the CCSA. WHAT BEGAN AS a group of large manufacturers passionate about reducing waste and operating more sustainably has expanded to include builders, developers, agribusinesses, hospitality operators, local government, energy providers and social enterprises. This rapid growth and momentum has led to the establishment of the Central Coast Sustainability Association (CCSA). The group’s overarching purpose is to promote the Central Coast as a region that is leading the way in sustainable business and community practices within New South Wales. Members do a lot more than just talk about sustainability. Together they identify,

Considering employing a skilled overseas worker? Our solicitor, Sam Haln, can advise and assist you to get your sponsorship approved for temporary and permanent skilled visas. Some areas of the Central Coast are also eligible for the Regional Sponsored Migration Scheme. If you have skills and qualifications in demand in Australia, or wish to join an Australian family member, Sam can assist you in finding and applying for the right visa. Sam also advises and represent clients at the Administrative Appeals Tribunal for reviews against visa cancellations and refusals. Taperell Rutledge providing legal services to the Central Coast since 1958. T A P E R E L L L

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CENTRAL COAST BUSINESS REVIEW MAY 2019

fund and, most importantly, implement and measure the outcome of projects designed to create economic, social and environmental benefits for the Central Coast. Current active projects include ‘Zero Food Waste’, commencing with the ‘Plate to Paddock Challenge’, an initiative that educates food operators about reducing and repurposing food waste; the establishment of a Central Coast Construction Showcase to market our region’s construction capabilities; and the establishment of a ‘Gumtree of Waste’, which would allow businesses to trade waste as readily as people trade goods. Ayush Singh is a student member from the University of New South Wales who is studying Renewable Energy Engineering. When Ayush learned about the Association’s work he decided to travel to the Central Coast from Sydney to support projects and take an active role. He is currently promoting project work and engaging with other university students to generate awareness about the Association’s work and encourage more students to become involved. When asked what prompted him to join the CCSA, Ayush said, “I have a passion for sustainability and efficiency in all its forms and would love to apply some of what my degree has taught me to the projects of the CCSA, providing a well-rounded approach to sustainability and waste reduction.” CCSA President, Bruce Cottrill says, “We think a major sustainability issue on the Central Coast is the fact that so many young people are struggling to find opportunities that align with their passion and training. Students like Ayush are a terrific example of how an organisation like ours can provide enthusiastic, committed young people with real world experience, increas-

CENTRAL COAST INDUSTRY CONNECT

Automation, Robotics, Augmented reality, Virtual reality, 3D Printing, Internet of Things, Cloud computing, Block chain. These are some of the technologies that are available today. Some are familiar and have been around for a while and others are new and used in other industries but how do they sit with manufacturing? How do you face the challenge of evaluating and adopting a vast range of technologies in order to stay competitive and add value to your clients? One thing is constant with technology - it is continually changing and developing, and it is driving change in industry and creating new industries. Come along to a breakfast session to learn, discover and discuss how these technologies are shaping the manufacturing environment. Daniel Gronowski , National Technology Adviser and Thorsten Wacker , Digital Business facilitator, will take you through the advances of these technologies in manufacturing and give you options on how these technologies can be applied, both simple and advanced. Date: 23th May 2019 Time: 7.30 am – 8.45 am Location: Business incubator – Loop Rd Ourimbah. RSVP: 22nd May 2019 For more information and to register call Frank Sammut on 0411 186 634

WITH A STATE Election behind us and a Federal Election coming up the campaign intensifies here on the Central Coast with the Labor Party and the Greens showing their hypocrisy across many local issues the two most important being the Central Coast Airport and the Wyong Coal Mine project. While the ALP vehemently opposes this coal mine they conveniently forget that it was Premier Bob Carr who on the 6th November 1995 wrote to the Managing Director of Coal Operations Australia Ltd (COAL) congratulating him and the company on winning the tender for the Wyong Coal Exploration Area. He went further saying, “As Premier of New South Wales, I am pleased to see the commitment of your parent company to invest in my State’s coal industry.” He was referring to the Wyong Areas Coal Joint Venture of which COAL was the original majority shareholder with Kores Australia Pty Ltd and other Korean and Japanese companies having a minority interest. Subsequently, in 2002 BHP Billiton bought out COAL’s interests and later in 2005 sold that interest to Kores. The project was called the Wallarah 2 Coal Project and from the time the exploration license was granted, mine planning and environmental investigations defined significant coal resources beneath the western areas of the region. In all good faith from the moment of receiving the exploration license from the NSW Labor Government nearly 25 years ago these companies have spent huge amounts of money on exploration and now have every right to proceed to mine the reserves they have found.

Get results! ADVERTISE YOUR PROPERTY IN CCBR For further information phone 4367 0733 or email info@ccbusinessreview.com.au

Or, of course to recover all that from the NSW Government and possibly Central Coast Council as they have now become implicated by supporting the anti-mine lobby by financing their losing case in the Land and Environment Court. Meanwhile, to give weight to that just last month on 5th February in The Australian, the Federal Shadow Treasurer Chris Bowen broke ranks with his Leader and said, “A Labor government would allow the Adani coalmine in Queensland to proceed because a decision to block it would raise concerns of sovereign risk.” He went on, “I believe in protection against sovereign risk, and of all the things I’ve prioritised spending money on in my first budget as Labor treasurer, if it proceeds, providing compensation Copy of letter by Bob Carr to Managing Director of Coal Operations Australia for Adani for a breach of dated 6th November 1995 obtained by CCBR contract and breach of law is not one of them.” The question has to be put, “will they be So where does this leave the Member prepared to run the risk of being sued for for Wyong and so called Shadow Minister mega millions for breach of contract just to for the Central Coast David Harris and the grab a hand full of votes to satisfy the activMembers for The Entrance and Gosford, ists?” 477 499 along with those Central Coast Councillors Meanwhile, CCBR understands that who have backed the Mayor against the the aircraft manufacturer who had conWyong Coal Co. CONTINUED ON PAGE 29

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BUSINESS BRIEFS

Lee Shearer wins NSW Business Woman of the Year Award

BUSINESS BRIEFS

Micro brewery finds new owner

Lee Shearer APM

Since her appointment as Coordinator General in April 2017, she has been a powerhouse spearheading the Implementation of the Central Coast Regional Plan 2036. Ms Shearer coordinated multiple state and local government agencies that will see: • Revitalisation of Gosford CBD, •D arkinjung Local Aboriginal Land Council (Darkinjung) achieving greater self-determination from its lands. • E mbarked on an ambitious strategic conservation planning project for the entire Central Coast to balance growth with the protection of biodiversity at a regional scale. These were all significant achievements.

The former Coordinator General for the Central Coast and NSW Resources Regulator Lee Shearer has been named Telstra NSW Business Woman of the Year. Ms Shearer beat a field of top executive talent to win the prestigious award for her work driving positive outcomes on the Central Coast and for her pioneering reform of the state’s mining health and safety. The former NSW Police Assistant Commissioner will be a front runner for the National Business Woman of the Year title to be announced in mid-May. On 12 April, just a few days after the win, Ms Shearer completed her two-year term as Coordinator General for the Central Coast and stepped down from the role of Resources Regulator to pursue other opportunities.

Remarkably, Ms Shearer achieved all of this while also the state’s Resources Regulator, a role in which she brought about transformative reform in mining health and safety. First appointed Executive Director Compliance and Enforcement at the Division of Resources and Energy in 2014, she was tasked with building the regulatory model for compliance and enforcement for the mining and resources sector in NSW. Mining is a high hazard industry in which reform generally follows catastrophic failure. From 2014 until her departure she blazed a trail leading the reform of the entire compliance and enforcement systems for the Mining Act, Petroleum (Onshore) Act and the Work Health Safety Acts, as they apply to mining and resources.

The Block-n-Tackle Brewery Kincumber The brainchild of Michael Pepper and his business partner Greg Tobin the brewery was initially established with four owners who were eventually bought out by Mr Pepper. Mr Pepper’s passion as an amateur brewer was realised with the creation of Block-nTackle Brewery where all of their beers are brewed with their own unique flavours. A great deal of time and effort went into establishing the business with the partners facing many hurdles including objections to the establishment. The purchaser is Paul Wakelin, also an amateur brewer who wanted to take the next step in commercial brewing.

Mr Wakelin is a local who packed his job up in Sydney and he will be expanding the business into the future. Not only does Block-n-Tackle sell onsite, it also provides bottle shops and kegs to many clubs and pubs on the Central Coast and Sydney. The sale was negotiated by Graham McMullen of Argyle Estates Business Brokers who commented that on one web site alone (SEEK Businesses For Sale ) up to 10,000 summary enquiries a month would visit that site. In over 40 years as a business broker Graham said he has never had so much enquiry on a business as Block-n-Tackle. Vicki’s Hair Studio Toukley has been sold Owned and operated by Vicki Scott for the past 19 years, the Vicki’s Hair Studio is one of the oldest established hairdressing salons in Toukley and is considered to be in one of the best positions in Toukley, opposite the Village Green. Ms Scott is planning on retiring from fulltime hairdressing. The purchaser is Natalie Sullivan who had left her management role with Just Cuts after many years. All staff including a nail technician will be staying on. This salon is renowned for its huge diversity in its customer base offering all hair care options. This includes men’s haircuts and styling. The sale was negotiated by Graham McMullen from Argyle Estates Business Brokers

Employment company chooses Coast for first regional office

Atom Resources Central Coast Team; Josh Ruttyn, Hayley Morabito, Martin Mower(Central Coast Manager) , Michelle Da Costa, Jonathan Hopes (Managing Director) Atom Resources, a specialist employment company based in Sydney and with an office in Melbourne has chosen the Nexus Smart Hub as the location for its Central Coast regional office, their first regional office. Established three years ago Atom provides specialist recruitment of trades and professionals to the construction, mining and oil and gas industries and skilled labour on a temporary basis. They currently employ around 100 people in various roles on the Central Coast and surrounding areas. Central Coast Manager, Martin Mower said Atom had been servicing the Central Coast from their Sydney office for the past year. “We have had good success with Central Coast people and felt we could service the region and regional NSW more effectively from the Coast. Since migrat-

ing to Australia I have wanted to live on the Central Coast. Our Managing Director Jonathan Hopes is committed to moving to the Coast in the next year as well,” Mr Mower said. The company currently employs four full time staff at the Nexus Smart Hub and is looking to add to that. “The plan over the next twelve months is to establish and manage the company’s IT and training programme out of our Central Coast office, which will result in employment opportunities in the short term as we hire an IT team and develop the new technology. Longer term we will provide a state of the art training platform for our temporary workforce, meaning we can provide the opportunity to upskill and educate, as well as provide employment,” he said. Mr Martin moved to Sydney two years ago having worked in recruitment in the UK for over 15 years.

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CENTRAL COAST BUSINESS REVIEW MAY 2019

B O N Y T H O N T O W E R F E AT U R E

Photo: Carmen Glenn Photography

JOHN SINGLETON ALWAYS said that he wanted to be the first person to build an iconic building in the Gosford CBD. He got his chance in late 2016 when he acquired the Dutton’s Tavern site in Mann Street with plans to redevelop the site thereby making a statement that Gosford had come of age. “I want to be part of the future of Gosford rather than part of the past,” he said. “We are going to revitalise Gosford whatever the cost.” Mr Singleton’s property development company Bonython Property and Investment Pty Ltd headed up by former Gosford Council CEO Paul Anderson and Monique Anderson who is also a Director of Macquarie Media Limited was set up to undertake the development. Bonython Tower now stands as testimony to Singleton’s belief in Gosford with an investment of over $40 million. A massive risk that few if any would be prepared to undertake. But it hasn’t been an easy project to pull off. Firstly, having acquired the former Dutton’s Tavern site with Approval for a 17-level development, first approved under the former Gosford Council’s bonus height scheme, it soon became obvious that Ausgrid requirements for a substation plus main street access for fire services, the adjacent property would have to be acquired and design changes made. When referred back to council with design changes things had changed under the new Central Coast Council and the height of the development was reduced to 13 levels.

Photos: Carmen Glenn Photography

Bonython Tower Gosford, Singleton’s legacy

Bonython Tower residential apartments

Bonython Tower rises above Mann St Gosford Still, Mr Singleton persisted where others would have walked away and today a new high rise residential tower stands over Gosford in place of two old dilapidated properties sending the message that Gosford’s time has come. The completion of Bonython Tower with its 56 residential apartments, 1,700 sqm of A Grade office space (the first new office space to be built in Gosford in 30 years) and a 800sqm eatery, The Bon Pavilion, which since opening in early April is proving to be the equal of any restaurant in Sydney, is also testament to the skills and capabilities of Central Coast architects, engineers and builders. One of Mr Singleton’s stipulations right from the start was that where possible local professionals and trades must be used provided they were competitive. And this has been the case, Caine King and his team from CKDS Architecture at East Gosford

who was initially engaged to design the building has continued to consult on the project all the way through along with consulting engineers Northrop Consulting Engineers while well-known local builder Erina based Stevens Construction who won the tender to build the project used all local trades where they could. But first we should look at the challenges the site presented in terms of design and construction. Bonython Tower is built over the old Dutton’s Tavern site with a 28 metre frontage to Mann Street and tight access constraints to Paul Lane at the rear where the Imperial Centre’s loading dock hindered deliveries to the Centre as well those for the construction site where all material deliveries were scheduled tightly to meet craneage lifts due to there being no storage available on site.

The demolition was managed mostly out of business hours to ensure the safety of pedestrians, the main front awning of the old Dutton’s Tavern adjoined both buildings on either side and reached the kerb side. Being on Mann Street with a busy bus stop in front of the Dutton’s Tavern added to the complexity of the demolition and new build. Due to the ground conditions and high water table the building structure is supported by 25 metre deep piles and for that reason it was decided that underground car parking would not be an option. As a result it was decided to redesign the first three levels and install car stackers, a first for the Central Coast. 33 car stackers and two car hoists were installed which also necessitated a complex fire engineering solution. The first and third levels are for commercial office space while the second level is for car parking. A world-class building In keeping with Mr Singleton’s instructions that Bonython Tower be a world-class build-

ing all 56 apartments from levels 4 to 12 are characterised by the floor-to-ceiling glazing and expansive balconies which are unique within the CBD while the penthouse apartments offer half the floor area as outdoor terraces with views over Brisbane Water and Rumbalara Reserve along with interiors including stone benches and timber floors and bathrooms with limestone flooring, frameless shower screens and custom made vanities. The Mann Street façade is characterised by spotted gum and sandstone cladding and on entering the building and the Bon Pavilion one experiences the warm selections of finishings and marvel at the complexities of the Grand Stair Case leading up to the commercial office space. The stair case steel work was constructed off site in two pieces and erected on site allowing the local tradesmen to craft the Spotted Gum stair treads and curved hand railing. The distinct screened tower building rises above the commercial podium that stretches from Mann Street to Paul Lane.

Premier office space a first for Gosford The 1,700 sqm of A Grade prestige office space on the 1st and 3rd floors is accessed by lift and also via the grand stair case from the Bon Pavilion. Suites are of varying sizes to cater for a wide range of businesses and professionals and car spaces are also available. Two meeting rooms with facilities are located on the 2nd floor. All have fibre-tothe-Premises NBN Broadband capability which has already attracted two IT companies that have bought space in the building. Commenting on the build Stevens Construction Directors Steve Mailey and Jason Lewis said, “Our thanks to John Singleton and the Bonython Group in kick starting Gosford, with a vision that’s been delivered on time offering a world class building and restaurant to our very own Central Coast region. It’s been a pleasure working with the Bonython Property Group in the delivery of a fantastic building. We are proud to be part of the delivery of Bonython Tower the largest and most iconic building in Gosford.

Building the future of the Coast Landmark buildings call for a landmark builder. Since 1988 Stevens Construction have been the leader in creating masterful buildings like Bonython Tower in Gosford. We don’t limit ourselves, and neither should you. Let us help build your future. T 02 4365 8149 F 02 4367 2372 CARMEN GLENN PHOTOGRAPHY

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B O N Y T H O N T O W E R F E AT U R E

The Bon Pavillion – the vision that’s changing Gosford Photo: Carmen Glenn Photography

John Singleton’s vision for Gosford goes way beyond the iconic building that Bonython Tower is. His dream was to create a place that would attract people into the CBD and give it a vibrancy that he says it deserves. That space is Bon Pavilion, a 800 sqm restaurant, bar, café, coffee shop. A meeting place for everyone from those who work in Gosford to those who live anywhere on the Central Coast to visitors - a destination. And it exudes style, $4 million worth. Mr Singleton has gone all out to make The Bon a statement about a The Bon Pavillion and grand staircase to commercial office suites new Gosford, a Gosford that will see over a thousand people living Espresso Bar where you can buy a coffee within a kilometre of the CBD by the end to go or sit down for breakfast and lunch of 2019 along with an increasing working from 6.30am. population. Bonfire – a family friendly up market steak Mr Singleton engaged the highly and seafood restaurant with seating for 120 acclaimed mural artist Lisa King to paint a guests. Opens for lunch and dinner 7-days giant sized eye-catching mural across one from 12.00pm to 9.30pm and 10.30pm on wall that sets the scene at this incredible Saturdays. A feature of Bonfire is the dineating and drinking venue. ing booths that seat up to eight people to The Bon Pavilion comprises sepaencourage conversation and sharing. rate areas: Bon Bon Bar – offering all day dining and

from 5.00pm until midnight becomes a cocktail bar with tapa style snacks. Public bar – Opening form 11.30am until midnight. Private Dining – For corporate and family events accommodates 10 guests and is located in the Bon’s extensive wine cellar. The team The Bon Pavilion is half owned by Mr Singleton and half by Karina and Brian

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CCBR congratulates John Singleton on his vision and actions in investing in Gosford’s future

Barry owners of The Bells at Killcare and Pretty Beach House, once owned by John Singleton. The Barry’s have a lifetime experience in hospitality with Mrs Barry an accomplished chef with overseas experience and Mr Barry a former wine maker and resort manager from the Hunter Valley. The Barry’s have bought in international celebrity chef Sean Connolly owner of The Morrison in Sydney and The Balcony Bar at Byron Bay as Executive Chef to open the restaurant. He has created a produce-driven menu and installed a dry age meat cabinet with top quality beef cuts for patrons to choose from on display. “The menu won’t change very often,” says Mr Connolly, “people come for the classic wholesome dishes which we will be known for. I like cooking on the bone and in the shell as everything tastes better.” “Food brings us all together, it’s the glue that strengthens our friendship and relationship with each other. Food is my life but as a chef and restaurateur being hospitable is more important than good food,” he says. To keep the whole place humming along Eddie De Souza, former General Manager of Mumbo Jumbo’s at Terrigal has been appointed General Manager. Head Chef is Newcastle born Stephen Scott who has worked and travelled the world and worked for chefs like Gordon Ramsay and now finds himself “in one of the best kitchens I have ever been in.” The Bon Pavilion opening has resulted in the creation of 45 new jobs.

John Singleton OA – His passion and vision for the Central Coast CONTINUED FROM THE FRONT COVER STORY FROM PAGE 5

Singleton doesn’t believe that the Central Coast has been well served by the local politicians over a long time. In the 2012 local government elections he publicly supported Central Coast Mariners football coach, Laurie McKinna who was self-funding his dream of running for Council. “Our population lives in a depressing present and is faced with a limited future, only because of the lack of leadership and vision over the past 40 years holding Gosford back and we can thank the old Gosford Council for that,” he said at the time In 2013 he was so frustrated that the region had been ignored by both political parties throughout his lifetime that he spent over $1million dollars trying to rally more support by running independents Lawrie McKinna and Nathan Bracken in the federal Election. This was very successful campaign, securing millions of dollars for the coast that it otherwise would not have received. Meanwhile, Singleton’s belief in the Central Coast is undiminished, he has invested millions in the region over many years and continues to do so. In 2016 he bought a wholesale plant nursery at Mount White near his Strawberry Hill Stud home and then spent two million dollars building Saddles, a road

house / restaurant which opened in 2018 to high acclaim. Singleton always said that he wanted to be the first person to build an iconic building in the Gosford CBD. He got his chance in late 2016 when he acquired the Dutton’s Tavern site in Mann Street with plans to redevelop the site thereby making a statement that Gosford had come of age. “I want to be part of the future of Gosford rather than part of the past,” he said. “We are going to revitalise Gosford whatever the cost and it looks like I have to put my money where my mouth is and be the first to prove how good this place is and should be” Bonython Tower stands as a monument to Singleton’s belief in Gosford with an investment of over $40 million. Having completed Bonython Tower, Singleton’s next project is Ravello on the Gosford waterfront comprising 40 luxury residences over seven levels. And there appears to be no stopping him now. In late 2018 Singleton continued to purchase properties on the central coast for redevelopment in to luxury apartments, townhouses and commercial development including a marina, making him the most influential developer on the coast in our history.

CEN T R AL COA S T COUNCIL NE WS

PROPERT Y

Plans for Gosford CBD Heritage to be revitalised – or is it revisited?

Council’s Draft Operational Plan 2019-20 to see $7.7 million operating deficit

Greater Lake Munmorah Structure Plan draft on exhibition

Council has resolved to place the draft Gosford Central Business District (CBD) Heritage Interpretation Strategy on public exhibition in May for a minimum of 28 days. Council says that the strategy aims to bring the heritage of Gosford to life with a series of innovative, interactive and inclusive ways to engage visitors with the city’s past, and reposition the CBD as a destination for tourists and residents. This is the second attempt that Council has had to use Gosford CBD’s so called heritage buildings to stop development. Gosford City Council sprung it on property owners about twelve years ago. It was subsequently dropped but it cost those property owners affected thousands of dollars in consultants fees to disprove the heritage value of their properties. Mayor Jane Smith said that the initiatives within the strategy incorporated the most recent developments in the heritage field. “Heritage interpretation helps communicate the value of sites, both their built fabric and attachment of local residents to their home,” said Mayor Jane Smith. What Mayor Smith did not say was that such a move has the potential to kill off future investment in Gosford where so called heritage buildings are in fact ‘knock-downs’. “Gosford CBD has significant heritage sites with 64 potential activation locations identified in the strategy. A number of concept interpretation projects are in the strategy for future funding considerations. I encourage the community to review the strategy and submit their considerations about it,” said the Mayor The outcomes of the strategy followed consultation with the city’s residents and key stakeholders. The outcomes reflect practical needs such as job creation, the engagement of disenfranchised and marginalised residents, as well as a renewed sense of place and identity

Budget Fast Facts • $560.1million operating income, • $567.8million operating expenditure, • $52.4million capital grants and contributions, • $223.2million capital works program, • $ 7.7million budgeted operating deficit before capital grants and contributions. Central Coast Council’s Draft Operational Plan 2019-20 which will deliver $791 million worth of investment in essential services and capital works will be placed on exhibition for public comment from 1 April 2019. The Draft Plan, which forms the second year of Council’s Delivery Program 2018-21, will deliver $567.8million in essential services and $223.2million in capital works in the priority areas of roads; water and sewerage service infrastructure; protecting and enhancing the local environment; community facilities and open space and recreation infrastructure. Council’s estimated operating income for the 2019-20 financial year is $560.1million, leaving an estimated budgeted operating deficit of $7.7million before capital grants and contributions. Council is proposing a small deficit to ensure that Council meets community expectations in terms of services and infrastructure. This is part of a longer term financial strategy and Council will welcome community comment on the strategy. “This reflects Council’s focus on continuing to align services including consolidation of information on one technology platform and some major changes to our operating income and expenditure including increases in electricity and fuel costs and an adjustment in annual charges and user charges in line with our Independent Pricing and Regulatory Tribunal (IPART) submission,” said Mayor Smith. Priority spending areas include: • $ 72.7million in Roads, Transport and Drainage • $ 38.4million in Water and Sewerage • $ 21.8million in Open Space and Recreation • $ 16.3million in Facilities and Asset Management “Council is in a strong financial position with our infrastructure, property, plant and equipment portfolio having a gross replacement cost of $10.2billion as at 30 June 2018 and investment portfolio which is managed to ensure that Council has sufficient funds to deliver services to the community.” “Our community have identified their vision of where they want to see the Coast grow and be in 10 years’ time - we want a smart, responsible, green and liveable Central Coast and for all community members to have a sense of belonging.”

Central Coast Council is inviting the community to provide feedback on the draft Greater Lake Munmorah Structure Plan now on public exhibition. Council Director, Environment and Planning, Scott Cox said the draft Greater Lake Munmorah Structure Plan was developed through significant analysis and stakeholder engagement, and once finalised will deliver the first cohesive long term vision for land use in this important growth area of the Coast. “This draft Plan sets out a long-term vision for the Greater Lake Munmorah study area, ensuring the area is designed for sustainable growth, liveability and employment opportunities whilst protecting the area’s unique character and sensitive natural settings,” Mr Cox said. “With a coherent framework for the development, facilitation of future growth and prosperity of the area, the plan identifies appropriate development footprints for new residential and employment land, relevant staging requirements, plus appropriate transport, environmental and open space networks.” The study area comprises ten precincts connected by the Central Coast Highway – a biodiversity corridor; employment lands, Kingfisher Shores, sportsgrounds, Saliena Ave; Kamilaroo Ave; Chain Valley Bay, Northern Lake Munmorah, Southern Lake Munmorah; and Schools. Council is also taking this opportunity to inform the community of projects taking place in surrounding suburbs which make up the planning area including Northern Lakes, San Remo, Budgewoi and Toukley. An interactive online map has been developed to make it easier for the community to zone in on the areas that interest them, view the draft plan precinct summaries and provide feedback. Visit www.yourvoiceourcoast.com/greater-lake-munmorah-structure-plan

Avoca Beach Picture Theatre development approved Norman and Beth Hunter’s plans for the redevelopment of their Avoca Beach Picture Theatre is now on track following Council’s unanimous approval of minor modifications. Having won a 15 year battle to redevelop the Theatre in March 2017 with the Land and Environment Court finding that iconic building was not worthy of a heritage listing and that parking would only be a problem on Sundays, the Hunters were back in Council for an amendment to the Development Approval. Council staff assessed the proposed modifications and considered them reasonable and therefore recommended approval. CENTRAL COAST BUSINESS REVIEW MAY 2019

Council confirms bid for NSW Waratahs Central Coast Council has confirmed that a proposal has been submitted to host the NSW Waratahs Rugby at Central Coast Stadium in 2020. If the bid is successful, the Stadium will see elite level rugby return to the Coast. “Council is committed to bring high level sporting events to the Coast and is always interested in talking to any teams and promoters seeking a venue,” Mayor Smith said. The Stadium has recently undergone a range of upgrades, including new change rooms, corporate facilities, accessible amenities, big screens and sound systems, which has further strengthened the reputation and longevity of this great venue.

What a buyer wants … A buyer gets By Brett Hunter, Deputy President of the REINSW, and a Director of Raine&Horne Terrigal, Avoca Beach and Saratoga, and Director of Raine&Horne Commercial RECENT INSIGHTS INTO the decision making process of residential buyers have provided greater understanding for project marketing and selling off the plan projects. A recent study undertaken by Realestate. com.au and interpreted by Raine&Horne has highlighted the considerable differences between different categories and demographics of our buyer population, and importantly what they are looking before they make a decision. Over the period of 6 weeks over 10,000 buyers were interviewed nationally with a goal to provide clear insights into the changing marketplace and today’s buyer choices. Grouping the buyers into four demographic sets: First Home Buyers, Up-sizers, investors and downsizers the study found that more than 74% of all Off the plan buyers in NSW believe the marketplace in the next 12 months will be the same or much better than it is today. While the number of buyers who identify themselves as ‘Investors’ has increased by 8% year on year there has been a steady state of First home buyers and downsizers. The journey from starting to look for a property to exchanging contracts has extended from less than 4 months in 2016 up to greater than 5 months in 2018 indicating both a calmness of the buyer mentality and an increase in

choices demanding their consideration. The top four benefits to buying off the plan included: • Modern features • Cost savings • Flexibility in choosing a floor plan and customised finishes • Modern and energy efficient features How are buyers making their decision? With a lot to choose from, developers and agents are creating meaningful differences in developments by: • Price of apartments is the standout reason for purchasing buy buyers • Location and access to amenities in the area • Capital growth of area and region – buyers are savvy on demographic and utility growth of an area and are looking to be at the forefront of new growth areas • Number of apartments in a development – boutique developments attract more buyer attention Most popular development amenities identified by buyers when making a decision included: • BBQ areas, landscaped gardens and decking, communal areas / rooftop gardens • Storage cages in car parks • Pool and sundeck areas • Fully equipped gym When buyers are tweaking their purchase, the following rank high on upgrades: • Additional car spaces • Home automation • Furniture packages • Upgrade to floor covings or kitchen benchtops • Upgrade to kitchen appliances While everyone loves to get a ‘deal’, those buying off the plan are very well looked after. Over 72% of buyers said their pur-

chase decision was in some way swayed by special offers or price rebates. The most popular special offers included: • Developer pays stamp duty • Free kitchen upgrades • Developer pays two years of strata body corporate fees • Price rebates • Rental guarantee periods • Add ons; such as furniture package, vehicles, frequent flyer points etc Notably investors who intend to list their property on the short term rental market (airBnB, stayz etc) have increased to over 24% with a further 28% having not yet decided whether to permanently rent or short term let their new investment property. This demonstrates a large upswing in this marketplace – we will have to wait to see if the demand can rise to this increasing supply of one off holiday properties on the coast. No doubt the difficulty to (or lack of ) regulation in this industry will prove telling for the guest experience and investor returns in the coming years. On Finance, over 67% of buyers are doing their homework and are approved for finance either before they started looking or before they decided on an apartment and a staggering 95% believed that securing finance was as expected or easier to secure finance. It would seem that independent finance brokers providing access to major bank loans continue to path the way for buyers to secure the property of their choice. With Gosford and the Central Coast boasting an unprecedented number of new developments and many more developments yet to commence; this study provides good news for buyers, developers and overall growth on the Coast.

Get results! ADVERTISE YOUR PROPERTY IN CCBR

For further information phone 4367 0733 or email info@ccbusinessreview.com.au CENTRAL COAST BUSINESS REVIEW MAY 2019

PROPERT Y

Singleton buys Elanora Hotel

COMMERCIAL AND INDUSTRIAL PROPERTY FOR SALE/LEASE

FOR SALE

PROPERTY OF THE MONTH

COPACABANA – RESTAURANT WITH OCEAN VIEWS

Perfect opportunity to set up a restaurant & cocktail bar directly opposite the beach. Approx. 200m2 renovated restaurant/amenities, seating approx. 60p indoor, 20p outdoor + potential for 30 outdoor seats. Liquor licence previously in place. Operational kitchen, cool-room, large cellar FOR SALE $975,000 + GST

WYONG

EXCITING NEW DEVELOPMENT SELLING FAST

ERINA – TENANTED INVESTMENT IN PLATINUM BUILDING!!

Architecturally designed, tilt panel construction units with high clearance roller door access. Sizes from 109-192m2 approx. All units have DA approval mezzanine levels. Located near Sparks Rd off ramp to M1 Mwy. AVOID DISAPPOINTMENT, SECURE YOUR UNIT TODAY! Contact Agent for more details

Located on 3rd floor in the East Wing, this office 175m2 office space is immaculately fitted out with main reception area, board room & 5 car spaces in addition to 6 private offices that are currently leased with a net income of $70,000 pa Net + GST FOR SALE CONTACT AGENT.

QUANTUM SPACE WYONG - 10% NET RETURN GUARANTEED FOR 2 YEARS & 3 YEAR OPTION

175m industrial warehouse with high clearance & 30m2 mezzanine level. ‘ A ‘ Grade warehouse in a highly sought-after estate. Opportunities like this don’t come along very often. FOR SALE $390,000 + GST 2

Superb large 266m2 GFA approx bay with 40m2 approx mezzanine + fit out office incl air con & quality amenities, close to M1 Mwy, high/wide roller door, great internal height, natural light + flexible IN2 Zoning. FOR SALE $550,000 + GST

Excellent 270m2 (approx.) warehouse/factory/office with a DA approved showroom, reception, office area, quality amenities & high/wide roller door, separate access to work space. FOR SALE $607,500 + GST LEASE $36,000G/PA + GST

64m2 in Gosford Central Plaza, fit out & has large frontage/window display. Currently being used as an embroidery shop but would also be ideal for several other retail/office uses. FOR SALE $280,000 No GST applicable

WYONG - QUALITY MEDIUM SIZE WAREHOUSE

BRILLIANT BAY IN TUMBI INDUSTRIAL

TUGGERAH - OFFICE & WAREHOUSE - QUALITY & SPACE!

GOSFORD – GROUND FLOOR RETAIL SHOP IN THE HEART OF CBD

Units ranging from 30 to 93m2 w/ up to 3.9m high roller doors, drive in access & mezzanine levels for all-in-one office. A premium Investment in hot demand. With prices from $92,000 + GST you’d better act FAST

FOR SALE

TUGGERAH - WORK SPACE & OFFICE! Office & workspace units located in Tuggerah Business Park close M1 Motorway, Railway Station & Westfield. Sizes range from 166m2 w/ plenty of parking & folding doors for stock & vehicle access. FOR SALE &$490,000 + GST LEASE $41,800pa Gross + GST

Visit our website for additional properties and more information centralcoast.ljhcommercial.com.au

FOR LEASE WEST GOSFORD - UNDER CONSTRUCTION

2 Units approx. 458m2 ground floor, mezzanine office space 77m2 (approx). Glass Shopfront to each unit. 5m x 4.5m Industrial Roller doors, kitchenette, 3 Phase power, secure fencing, auto sliding gate. FOR LEASE $60,000 Net per annum + GST

SOMERSBY – UNDER CONSTRUCTION!

2 concrete tilt panel units, 591m2 each, high & wide roller doors, glass shopfront to each unit, LED lighting, disabled bathroom incl shower, kitchenette, parking at front & truck access. FOR LEASE $65,000 Pa + GST

GOSFORD – MODERN, A GRADE, OPEN PLAN OFFICE

Modern, A grade, open plan office. Large efficient floor plan spaning over 2 levels. Ample on-site parking & easy access to public transport. 457m2 approx. FOR LEASE $105,000 pa nett + GST

Suite 401 / 1 Bryant Drive, Tuggerah NSW 2259 87 Mann Street, Gosford NSW 2250

Phone 4353 7700

Get results! ADVERTISE YOUR PROPERTY IN CCBR For further information phone 4367 0733 or email info@ccbusinessreview.com.au CENTRAL COAST BUSINESS REVIEW MAY 2019

SHOP 4/1A LONDON DRIVE, WADALBA FOR LEASE

JOIN McDONALDS, 7 ELEVEN & ISUZU Rare & hard to secure 114m2 ground floor premises directly behind 7 Eleven & McDonalds in Wadalba. Near new with sleek modern construction perfect for retail, professional or food & drink uses. Plenty of on grade parking, don’t miss this unique offering available now $36,049.96 + Outgoings + GST.

SHOP 5 / 69 CENTRAL COAST HWY, WEST GOSFORD FOR SALE

Retail Investment in Riverside Business Park! This is an exciting chance to secure a retail investment in a popular and busy complex. The shop is 96m2 (approx.) and offers a prominent, wide glazed frontage and a mostly regular shape internal layout, plus benefits from an allocated parking space. The property is currently tenanted by Boydita Flowers. Contact us for full details. For Sale at $625,000 (+ GST if applicable)

367-369 MANN STREET, NORTH GOSFORD FOR SALE or LEASE

Unique Opportunity in Prime Location We are offering two (2) adjoining properties for sale or lease either separately, or together in one line. 367 Mann St is a freestanding medical clinic of approx. 240m2, situated on a generous 1,087m2 parcel of land. 369 Mann St is a freestanding office, formerly the headquarters for a prominent Central Coast builder. If offers approx. 701m2 of floor area and is situated on 1,227m2 of land. Zoned B4 Mixed Use. Suitable for occupation, investment or redevelopment. Express your interest in leasing or buying this great site. Contact: Mark Davies 0422 442 858 Daniel Mason 0403 889 530 Chris Watson 0402 430 213 Prices shown with * are inclusive of GST.

4325 0208 83 MANN STREET, GOSFORD 2250 www.chapmanfrazer.com.au

Elanora Hotel site comprises 7667 square metres at East Gosford JOHN SINGLETON’S PROPERTY development company Bonython Property and Investments Pty Ltd has acquired the Elanora Hotel in East Gosford for an nondisclosed sum but reported to be around 25 million in an off-market transaction. The sale of the property which has been held by the Cusick Family for over fifty years, was managed exclusively by leading national brokerage agency HTL Property. HTL Property National Director Dan Dragicevich, said, “The landmark asset drew significant interest from both the hotel and development buyer market. The strong result is vote of confidence in the region and deserving of such a unique hospitality land holding.”

TUGGERAH – 5.9% return for property with blue chip tenant

A Sydney based superannuation investment company has paid $2,272,000 (GST not applicable) for a property at 4 Ace Crescent, Tuggerah providing the new owners with a net return of $5.87% per annum. The property comprises a 1,160sqm warehouse with mezzanine office space at the front of the building on a 2,023sqm site

with vehicle access around one side. The Dulux Group has signed a new 5 year lease expiring October 2023 plus options to 2033 at a commencing annual rental of $133,400 per annum plus GST. The property was sold at auction through Ty Blanch from L J Hooker Commercial Central Coast.

Damien Cusick, John Singleton, Monique and Paul Anderson, Directors Bonython Property and David Norris CFO John Singleton Group The property comprises 7,667 sqm with three street frontage to York Street (The Entrance Road), Adelaide and Brougham Streets, spread across five separate lots with parking for over 100 vehicles. The offering encompassed 936 sqm of tenanted retail space as well as an underutilized 21-room motel plus 505 sqm of vacant land providing potential additional development opportunities given its symmetrical shape and imposing 7,667 sqm footprint. The sale included the Hotel Licence and 26 Poker Machine Entitlements. Damien Cusick, Publican and long-time Licensee added: "Whilst the Hotel has been huge part of our families’ lives for generations, and it was an emotional decision to move on, we are absolutely thrilled with the result and are proud it was sold to John Singleton and Bonython, who invest so much into the Central Coast area."

CENTRAL COAST BUSINESS REVIEW MAY 2019

PROPERT Y NEWS

PROPERT Y

Tuggerah development site on the market SALES GOSFORD – IT professionals buy suite in Bonython Tower IT professional Patrick Spedding who owns Sea-Change Solutions Pty Ltd was one of the first buyers of a commercial suite in the just completed Bonython Tower building at 155-163 Mann Street, Gosford. Mr Spedding said that one reason he had bought the office was that it had NBN to the premises. Price paid for the 25 sqm suite is $245,000 plus GST. Ty Blanch from LJ Hooker Commercial Central Coast negotiated the sale. One of the largest undeveloped sites on the Central Coast has been put on the market with Expressions of Interest closing Friday 14 June 2019 through agents CBRE and Raine & Horne Commercial Erina. The property at 25-27 Bryant Drive, Tuggerah comprises 17.4 Ha (25 Bryant Drive – 12.24 Ha and 27 Bryant Drive – 5.16 Ha) of level land zoned E3 and IN1 located on the eastern side of the railway line and Pacific Highway and next to Tuggerah Rail Station. Comprised on the site is a large freestanding older style industrial building of 3,500 sqm with two overhead gantry cranes and adjoining two level 300 sqm office and amenities building. The property comes on the market following an announcement in late February by the NSW Government for the Tuggerah Town Centre Masterplan following a $2.8 billion proposal to transform Westfield Tuggerah and surrounding area into a

major hub of employment, transport, leisure, health precinct. The Bryant Drive site, while separated by a wetland area, is adjacent to Tuggerah Super Centre and other bulky goods outlets and Central Coast Regional Sporting and Recreation Complex the first stage of which was opened in early April. It is the first time in 20 years that the property has been offered for sale. For more information contact Ben Byford from CBRE or Brad Rogers from Raine & Horne Commercial Erina.

TUGGERAH BUSINESS PARK – 8.15% return for Sydney investor

TUGGERAH – Mariners Centre of Excellence suite sold A dentist has purchased Suite 413 at the Mariners Centre of Excellence, 1 Bryant Drive, Tuggerah. Price paid for the 119 sqm suite was $443,741 plus GST - $3,729 per sqm. Ty Blanch from LJ Hooker Commercial Central Coast negotiated the sale. GOSFORD NORTH - Sydney investor buys factory bays A Sydney investor has bought two adjoining warehouses at 15-17 Wollong Street, North Gosford. Both with vacant possession. Built on a 892 sqm site each warehouse is approximately 250 sqm with office and amenities block at the front and extensive hardstand area. Price paid was $800,000 plus GST. Anthony Scarcella from LH Hooker Commercial Central Coast negotiated the sale. CHARMHAVEN - Maintenance business buys own premises A local property maintenance business has bought a 178 sqm factory unit at 4 O’Hart Close, Charmhaven. The unit comprises separate office and external rear compound of 150sqm with secure hardstand and car parking at the front. Price paid was $450,000 plus GST. Bernie Nash from L J Hooker Commercial Central Coast negotiated the sale.

A Sydney investor has bought 3 strata lots in a commercial complex at 1 Pioneer Avenue, Tuggerah Business Park paying $2.8 million (GST not applicable). Lots 1 – 3 with a total of 703 sqm of internal office space and 241 sqm of external space for parking are leased to long established accounting firm Bishop Collins CENTRAL COAST BUSINESS REVIEW MAY 2019

on a 5 year lease with 2 x 5 year options at a commencing rental of $228,475 net per annum plus GST giving the buyer a 8.15% net yield. The sale was negotiated by Ben Purdue form Raine & Horne Commercial and Ty Blanch from LJ Hooker Commercial Central Coast.

Gosford Indian restaurant to be a Thai LONG JETTY – Express Lube signs long lease

After more than twenty years on the corner of Mann and Donnison Streets, Gosford the well-known Curry House Indian restaurant owners have moved out with new lessees who operate a Thai restaurant at Terrigal to open in the near future.

THE ENTRANCE – Employment firm leases shopfront A Sydney based employment firm has leased a 60sqm shopfront at 185-197 The Entrance Road, Long Jetty.

Terms of lease for the 117sqm high profile premises are 5 years with 5 year option at a rental of $46,280 per annum including Outgoings plus GST. Daniel Mason from Chapman & Frazer Commercial Real Estate negotiated the lease.

Terms of lease are 15 months with 2 x 1 year options at a rental of $12,000 per annum including Outgoings plus GST. Ben Purdue from Raine Horne Commercial negotiated the lease.

Express Lube Auto Service Centres have leased a property at 246-248 The Entrance Road, Long Jetty. The property on a 964 sqm lot comprises 100sqm showroom and office and 244 sqm workshop at rear with over 250sqm of hardstand. The property has been leased by Robbo’s Tyrepower for the last 30 years and is now located at Tumbi Umbi. Express Lube which started at West Gosford in 2009 have four service centres on the Central Coast and one at Cessnock. Express Lube will rebadge and refit the premises to their standards. Terms of lease are 10 years with 2x5 year options at a rental of $69,890 per annum including Outgoings plus GST. Bernie Nash from LJ Hooker Commercial Central Coast negotiated the lease.

Get results! ADVERTISE YOUR PROPERTY IN CCBR For further information phone 4367 0733 or email info@ccbusinessreview.com.au

SPECIALIST MEDICAL & PROFESSIONAL SUITES

TUGGERAH 154 Pacific Highway

Ideally located on the Pacific Highway within the established Tuggerah Straight Commercial Centre, these Specialist Medical & Professional Suites are perfectly situated. Neighbours include Healthscope Medical Centre, PRP Radiology, Pathology, Sports & Spinal Physiotherapy, Chiropractor, Dentist, Psycologists & more. With a variety of suites available and plenty of parking, opportunities include both ground floor and level 1 suites. Tuggerah Medical & Professional Rooms range from 13m2 to 24m2 and start from as little as $1,250 per month +GST. Level 1 accessed via lift or stairs hosts suites from 59m2 with the East Wing Professional Suites ranging from 73m2 to 103m2 there is a size to suit a variety of Professionals including Medical, Financial, Legal etc... Other tenants include BCF, Super Cheap Auto and Romi’s Café and make this an ideal location with plenty of parking. Features include • Flexible lease terms • Very Competitive rentals • Excellent parking • Air-conditioning • Carpets, kitchenette • Balcony access for most suites

For further details please contact Julie Davies on 4355 5111 CENTRAL COAST BUSINESS REVIEW MAY 2019

BUSINESS TIPS

RESIDENTIAL PRESTIGE PROPERT Y REPORT

Efficacy? What are you talking about?

Captivating views across Brisbane Water Hamptons’ style living on Point Frederick

By Nathan Corrigan, Account Manager, Insurance House Central Coast

The property: 14 Eulalia Avenue, Point Frederick. Positioned on a 1,561 sqm absolute waterfront block with captivating views across Brisbane Water this architect designed 6-bedroom home was created by noted architect Ian Esplin with gardens by Michael Cooke. It features a home automation and security system, underfloor heating, wine cellar and inground pool plus shared deep water jetty. The price: $3,900,000 The buyer: A Central Coast family The sale: The property was marketed with Expressions of Interest that saw 4 inspections and 3 interested parties. It was on the market for 10 days. The agent: Stephen Gittoes and Ingrid Osborn who said that interest for lifestyle properties continues to be strong.

The property: 85a Albany Street, Point Frederick. This 4-bedroom 333 sqm Hamptons’ style home on a 937 sqm absolute waterfront block with DA approval for a jetty reflects a relaxed resort living quality. The property comprises private courtyard, Michael Cooke designed formal gardens, inground pool and 4 car garage. The price: $2,450,000 The buyer: A Point Frederick family. The sale: The property was on the market for 5 months and was promoted using a mixed media campaign. The agent: Stephen Gittoes and Ingrid Osborn from Gittoes.

FOR SALE

6/300 Wattle Tree Road, Holgate Character-filled Home & A Tranquil Setting This beautiful home is set amongst established gardens on 2.5 private and tranquil acres. The interior of the home is spacious, with a functional floor plan, plenty of storage space and a garden and lawn outlook from all rooms. The property has a separate studio, and excellent infrastructure with dual electric entry and exit gates, paved driveways and paths, boundary fencing, a bore and under house storage. Price: New to Market Inspect: By Appointment

2/70 Wattle Tree Road, Holgate New Subdivision & Level Block Don’t miss this rare opportunity to secure this newly subdivided 3.56acre vacant block, to build your dream home surrounded by other acreage homes of high calibre. This private haven offers level land, a cleared building envelope and access to a unique rainforest setting offering absolute seclusion. This is one of the few remaining vacant acreage blocks in Holgate, and the perfect location to design and build your lifestyle home. Price: New to Market Inspect: By Appointment

I’m regularly asked about product efficacy…. What is it? Why is it being excluded? Efficacy or inefficacy are not commonly used words, except in scientific or technical references and of course in the insurance industry. What exactly is efficacy? Well, a search of Google for the definition of efficacy tells us it’s “the ability to produce a desired or intended result”. So, to paraphrase; it is the effectiveness of a product to perform a function it’s intended to do. Broadly speaking, a general liability policy is triggered by an event causing third party personal injury or property damage, and

for which the insured is liable to pay compensation. It is not the intention of general liability policy to guarantee or cover the efficacy of insured’s products. Products are designed, manufactured, imported, sold or installed for specific purposes. Many types of products do not have any significant exposure to personal injury or property damage arising from their performance or failure to perform. Inefficacy exclusions are only applied where there is an intention to exclude liabilities arising from the failure of a product to perform its function. An inefficacy exclusion would typically read as follows: This Policy does not cover liability in respect of Personal Injury or Property Damage arising from the failure of Your Products to cure, alleviate, prevent, eliminate or retard Personal Injury or Property Damage which Your Products are represented, warranted, designed or agreed by You to cure, alleviate, prevent, eliminate or retard. The exclusion wording can vary between insurers and needs to be read carefully. Here are some products with their poten-

tial exposure, if they fail to perform: • Fire / Alarm systems – Failure to mitigate property damage or loss • Medical / Pharmaceutical – Failure to cure or prevent • Waterproofing – Failure to prevent water leakage / damage • Safety equipment - Failure to prevent injury • Chemicals – Failure to perform • Fertilizers – Failure to yield In these instances, inefficacy exclusions would be expected to be applied. The exclusion does not apply to claims for personal injury or property damage consequent upon a defect in the manufacture or installation, only from a product (without defect) that fails to perform as intended. If you have concerns or you are unsure if your general liability policy contains an inefficacy exclusion, you can contact Nathan Corrigan on 02 8913 9137 to obtain free health check on your insurance program. By Glenn Eason, Solution Underwriting

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CENTRAL COAST BUSINESS REVIEW MAY 2019

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BUSINESS TIPS

Change isn’t as easy as you think

Mind Your Business Tax changes and business write-offs

WHEN ORGANISATIONS INITIATE a change, whether it‘s to expand, , downsize, cut costs, increase profitability, introduce a new product line, or simple update a system, the desired results nearly always rely on people doing things differently. And yet, so many companies underestimate what’s really required to gain the outcomes and benefits they set out to achieve. In fact, no matter what you decide to do differently if you haven’t considered how you lead and manage your people through change, you will most likely fail to achieve all your outcomes. According to research from the Harvard Business School, IBM, Bain Consulting and Prosci among others, without focusing on the people side of change, you have, at best, anywhere between 10-25% chance of success. This is what the team at FOLD7 see consistently. They have been helping organisations lead and manage people through change, because when people are at their best, organisations get every outcome they seek. Louise Geoghegan, Co-Founder of FOLD7 says: “We see leaders of companies thinking their people will just get on with things and support the changes they initiate. But this couldn’t be further from the truth. Leading people through change is vastly different to leading through ‘normal’ times. Success requires the presence of skilled change leadership. As a leader, you cannot scale the organisation until you understand and perform your role in developing change leaders. We also see leaders who are successful often resist discovering that they still have much to learn. The higher they go, the less feedback and formal development they get. The development that they have received

Max Knobel, Louise Geoghegan Kevin Bryan over the years, often in the early stages of their career, has not shifted with the demands of the changing world. We are seeing leaders implement practices from development they received as a rising leader - the flow on effect of leadership thinking from the 90s and 00s. So, when leaders try to transform their business, they usually need to do most of the changing. Admittedly, transformations aren’t for the faint hearted, however, significant change requires it.” This may seem like a lot of extra work to do, when really, we are just trying to ‘get stuff done’. That is the most common response of people who want change but are caught in the cycle of being ‘busy’. However, there is a false sense of achievement when people just launch into this frame of mind. It’s hard to know why people react to change. Some react positively and others negatively. Pumping stuff out feels like you’re doing something but it doesn’t move people forward. It never relieves the pressure people feel, but it does trick you into believing that doing something is better than doing nothing. This is a fatal error because sometimes nothing would be better than doing the wrong thing. FOLD7 is an east coast-based bespoke change consultancy that specialises in providing training and development programs in change leadership and coaching for senior executives and managers. For more information, contact Louise Geoghegan at FOLD7 – www.fold7.com.au

Question. Persuade. Refer. (QPR) Fostering resilience, hope and connections as a means to reducing the risk of suicide

Three simple steps anyone can learn to help prevent suicide For more information visit

www.irisfoundation.org.au ___________________________________________________ Iris Foundation is a Champion for LifeSpan Central Coast www.suicidepreventioncentralcoast.org.au

CENTRAL COAST BUSINESS REVIEW MAY 2019

Courts are willing to freeze a business’s assets, if employees claim underpayment

By Troy Marchant, Director, Robson Partners Chartered Accountants WITHIN 48 HOURS of the Federal Budget announcement on Tuesday 2 April, both houses of parliament had passed one of the proposed tax changes – and it is good news for business. The threshold of instant asset write-off has been expanded from $20,000 for small business (<$10 million) to $30,000 for small and medium businesses with a turnover of <$50 million. The changes apply this financial year. Here are the dates you need to keep in mind: • $20,000 threshold for depreciable assets acquired by small business before 29 January 2019. • $25,000 threshold for assets first used or installed by small business between 29 January 2019 and 2 April 2019. • $30,000 threshold for assets first used and installed by small and medium business after 2 April 2019 and 30 June 2019. Medium-sized businesses are set to win in more ways than one. In order for small businesses to access the write-off, they need to elect to use small business simplified depreciation under subdivision 328-D of the Income Tax Assessment Act 1997. Medium-sized businesses will only need to pass the aggregated turnover test and be carrying on a business. Some experts believe that the change demonstrates a shift in the definition of small and medium-sized business. We’ve moved on from the $10 million threshold and business is getting a break for growth beyond this. Whatever the political motivation, support for business owners to invest in infrastructure and equipment assets is welcome. Other proposed changes in the Federal Budget for small and medium-sized business include $525 million in Vocational Education and Training (VET) to boost industry skills, incentive payments for businesses that employ apprentices and fasttracking company tax rate cuts to 25%. We are hosting a Post-Election Business and Superannuation Workshop on Wednesday evening 29 May 2019 to further explore the impacts of a newly elected government. See more at www.robson.com.au

By Warwick Ryan, Partner, Hicksons Lawyers

THE FEDERAL COURT has made claims of underpayment every personal when it recently ordered the freezing of the assets of a business and its directors after 2 employees made claims of underpayment. The Federal Court has applied a freezing order to a South Sydney Indian Restaurant (‘Adithya Kerala’), its director and business partner for alleged underpayment of one of its cooks. A freezing order is a court order preventing an individual or business from transferring or using their assets. In the current case, around $450,000 of Adithya

Kerala’s assets was frozen. The order was made before the court made the final order. This is significant because freezing orders are only granted if a plaintiff can prove that it has an arguable case and there is a risk that the defendant might hide its assets outside the court’s jurisdiction. Therefore, by making this order, the court has indicated its belief that the cook might win its case based on the court’s preliminary assessment of the contraventions. The alleged contraventions included: • Requiring the employee to work 60 hour weeks’ for an equivalent payment of 38 hour weeks’, amounting to an underpayment of $235,000 over a two year period; • Not allowing the employee to take proper breaks; • Requiring the employee to repay its wages for the purposes of paying company PAYG tax liability; and • Requiring the employee to repay $500 of wages fortnightly to the business. These acts, if properly substantiated, will cost Adithya Kerala and its directors

Labor’s hypocrisy on Wyong coal mine tracted with Council to lease space at Warnervale Airport to build an aircraft manufacturing facility and was treated extremely shabbily by this council has been paid out for an undis-

enormously – potentially with underpayments and penalties and legal costs of up to $1m+. This case will be heard this month and could instigate further lawsuits after allegations that another cook was subject to similar treatment. Therefore the cook, and any other employees who have been underpaid, could have a right to recover similar compensation. Although the current case was a serious instance of misconduct, many businesses will inadvertently fall afoul of the national employment standards and are liable to compensate their employees. The award system is not straightforward. Even identifying which award applies to your staff is often not simple. Once again, the aggressive approach of the Federal Court demonstrates the importance of business owners obtaining advice on Awards and ensuring that their business practices do not contravene the national employment standards.

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closed amount. That Central Coast ratepayers should foot the bill for the actions of a few activists is a damning case against the councillors.

We also understand that Amphibious Aircraft Industries, the company the planned to employ some 200 people at Warnervale has been welcomed to Melbourne’s Avalon Airport.

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FUNNY BUSINESS

AUTOMATION MEANS SITTING around and watching your work being done for you. If you are over 90, it’s called senility. If you are under 21 it’s called having a mother. A lion woke up one morning feeling really rowdy and mean. He went out and cornered a small monkey and roared, “Who is mightiest of all jungle animals?” The trembling monkey says, “You are, mighty lion! Later, the lion confronts a ox and fiercely bellows, “Who is the mightiest of all jungle animals?” The terrified ox stammers, “Oh great lion, you are the mightiest animal in the jungle!” On a roll now, the lion swaggers up to an elephant and roars, “Who is mightiest of all jungle animals?” Fast as lightning, the elephant snatches up the lion with his trunk, slams him against a tree half a dozen times leaving the lion feeling like it’d been run over by a safari wagon and ambles away. The lion lets out a moan of pain, lifts his head weakly and hollers after the elephant, “Just because you don’t know the answer, you don’t have to get so upset about it!” Mrs. Monaghan came into the newsroom to pay for her husband’s obituary. She was told by the kindly newsman that it was a dollar a word and he remembered Pete and wasn’t it too bad about him passing away. She thanked him for his kind words and bemoaned the fact that she only had two dollars. But she wrote out the obituary,

“Pete died.” The newsman said he thought old Pete deserved more and he’d give her three more words at no charge. Mrs. Monaghan thanked him and rewrote the obituary: “Pete died. Boat for sale”.

night my missus came crawling to me on her hands and knees.” The other two were absolutely amazed. “What happened then?” Joe asked. “She said, ‘Get out from under the bed and fight like a man!!!”.

An accountant is having a hard time sleeping and so he decides to go to see his doctor. “Doctor, I just can’t get to sleep at night,” complains the man. “Have you tried counting sheep?” inquired the doctor. The accountant replied, “That’s the problem, Doc. I make a mistake and then spend three hours trying to find it!”

A very successful businessman had a meeting with his new son-in-law. “I love my daughter, and now I welcome you into the family,” said the man. “To show you how much we care for you, I’m making you a 50-50 partner in my business. All you have to do is go to the factory every day and learn the operations.” The son-in-law interrupted, “I hate factories. I can’t stand the noise.” “I see,” replied the father-in-law. “Well, then you’ll work in the office and take charge of some of the operations.” “I hate office work,” said the son-in-law. “I can’t stand being stuck behind a desk all day.” “Wait a minute,” said the father-in-law. “I just made you half-owner of a moneymaking organization, but you don’t like factories and won’t work in an office. What am I going to do with you?” “Easy,” said the young man. “Buy me out.”

A grade school teacher was asking students what their parents did for a living. “Tim, you be first. What does your mother do all day?” Tim stood up and proudly said, “She’s a doctor.” “That’s wonderful. How about you, Amy?” Amy shyly stood up, scuffed her feet and said, “My father is a mailman.” “Thank you, Amy” said the teacher. “What does your parent do, Billy?” Billy proudly stood up and announced, “Nothing. He’s an economist.” Three mates are down the pub. Bill and Joe are arguing about the amount of control they have over their wives, while the third bloke, Fred, says nothing. After a while, Bill turns to Fred and says, “Well, what about you? What sort of control have you got?” “I’ll tell you,” Fred replies. “Just the other

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