Ipswich City Council has operated a number of beneficial enterprises. The beneficial enterprises (also known as controlled entities) were formed under the Local Government Act 2009.
A beneficial enterprise is an enterprise that a Local Government considers benefits and/or can reasonably be expected to benefit the whole or part of its local government area. Council has resolved to wind-up and deregister a number of its controlled entities.
Here's a look at the status of each of the entities:
Ipswich City Enterprises Pty Ltd
Ipswich City Enterprises Pty Ltd (ACN: 095 487 086)
A council resolution under the powers of the Local Government Act 1993 to establish the beneficial enterprise was passed in July 2000. The company was incorporated in December 2000.
It was created as a wholly-owned subsidiary of council under the Corporations Act 1989 and relevant Queensland Corporation Law at the time.
Ipswich City Enterprises Pty Ltd oversaw the establishment and management of its subsidiary company Ipswich City Enterprises Investments Pty Ltd and set up innovation hub Fire Station 101.
Fire Station 101, Ipswich’s innovation hub, supported the start-up, developer, tech, designer, maker, marketer, and inventor and investor community.
Fire Station 101 is now being run by council and is home to Queensland’s first Defence Industry Hub, designed to help grow the state’s defence industry and create more local jobs.
Ipswich City Enterprises has ceased operations and is in the process of being voluntarily wound up by council.
Ipswich City Enterprises Investments Pty Ltd
Ipswich City Enterprises Investments Pty Ltd (ACN: 127 862 515) was established to provide sound governance of the Services Queensland Partnership as a commercial enterprise.
It is a wholly-owned subsidiary of Ipswich City Enterprises Pty Ltd.
The Services Queensland Partnership, which included Ipswich City Enterprises Investments Pty Ltd as a 50 percent shareholder, provided customer service services and out of hours call services for local governments, including Ipswich City Council.
The Partnership ceased trading in November 2017 and upon the conclusion of the Partnership Agreement.
Ipswich City Enterprises Investments has ceased operations, and is in the process of being voluntarily wound up by council.
Ipswich City Properties Pty Ltd
Ipswich City Properties Pty Ltd (ACN: 135 760 637) was created to undertake all activities required to carry out and complete the acquisition, redevelopment, management, and sale of the former Ipswich City Square Shopping Centre.
It is 100 percent owned by Ipswich City Council, and was incorporated in March 2009. The company is currently being wound up.
The Ipswich Central Redevelopment Project and operation of Ipswich City Mall are now being managed directly by council.
Ipswich City Properties is expected to be voluntarily deregistered in late 2020.
In early 2019, Ipswich City Council engaged firm McGrath Nicol to undertake a detailed independent review of the total costs and activities associated with the Ipswich CBD redevelopment undertaken to that time by Ipswich City Properties.
The McGrath Nicol report is available here.
Ipswich City Developments Pty Ltd
Ipswich City Developments Pty Ltd (ACN: 155 142 288) operated between January 2012 and late 2014. The entity was deregistered in June 2015, and it’s activities were assumed by Ipswich City Developments Enterprises (ACN: 167 100 441).
Ipswich City Developments Enterprises (ACN: 167 100 441) was established in December 2013 to progress development related activities including the development of surplus council land.
Following the de-registration of Ipswich City Developments Pty Ltd (ACN:15 142 288) in June 2015, Ipswich City Developments Enterprises Pty Ltd was renamed to Ipswich City Developments Pty Ltd.
It was wholly owned by council.
While operating, Ipswich City Developments successfully completed several development projects, including:
- 5 Jones Road/69 Centre Street, Bellbird Park: Service station/retail centre. Completed 2015
- 101 Limestone Street, Ipswich: Refurbishment for Fire Station 101. Completed 2016
- 37 Stuart Street, Goodna: Residential development. Completed 2016
- 107 Jones Road, Bellbird Park: Residential development. Completed 2016
- 23 Nimmo Street, Booval: Residential development. Completed 2017
- 580 Redbank Plains Road, Redbank Plains: Service/retail centre. Completed 2017
- 7000 Redbank Plains Road, Redbank Plains: Residential development. Completed 2017
As part of the council’s commitment to the winding up of its commercial entities, in August 2018 ICD’s remaining property asset, 101 Limestone Street, Ipswich, was transferred to council.
Following a member’s resolution in August 2018, the company went into a Members Voluntary Liquidation process which resulted in the voluntary de-registration of the company in June 2019.
Ipswich City Developments Pty Ltd (ACN: 167 100 441)
Formerly Ipswich City Developments Enterprises Pty Ltd - operating 2013 to 2019.
Ipswich City Developments Pty Ltd (ACN: 155 142 288)
Ipswich City Developments Pty Ltd - operating 2012 -2015.
Ipswich Motorsport Park Pty Ltd
Ipswich Motorsport Park Pty Ltd was established to redevelop the existing motorsport facilities located at Willowbank into an internationally recognised motorsport and events precinct.
It was established as Motorsport Precinct Pty Ltd in March 2016 under the powers of the Local Government Act 2009 and as a wholly-owned subsidiary under the Corporations Act 2001.
The company’s name was changed in February 2017 to Ipswich Motorsport Park Pty Ltd.
The intention to redevelop the motorsport precinct was to increase participation and attendance to deliver commercial and economic benefits to the local and Queensland economy while supporting and facilitating Australia’s burgeoning motorsports industry.
Ipswich Motorsport Park was voluntarily deregistered in September 2018
Council retains ownership of the motorsport facilities at Willowbank which are managed by a number of private operators under lease arrangements.