Parramatta. Landcom generates 6858 jobs

Landcom, based in Parramatta, generated 6858 jobs and $537.5 million in economic output from its development activities during the 2007/08 financial year. Landcom delivered land with the equivalent of 1382 dwellings, achieved total revenue of $350 million from its business activities and operations, and returned $50.3 million to the NSW Government in dividends and tax equivalent payments. Landcom’s MD, Sean O’Toole said Landcom continued to work hard to maximise its capacity to advance and deliver the urban management objectives of the NSW Government.

Sydney Olympic Park. First sod turned

The first sod has been turned on Watpac Property’s new office and retail
development at Sydney Olympic Park. The development, expected to be completed in October 2009, would offer 6600 square metres of A-grade office space over five levels, basement car parking, and 665 square metres of retail space on the ground floor. The project would create approximately 150 full-time equivalent jobs. The development would accommodate approximately 400 workers.

Parramatta. Hooker has special leave to appeal

Parramatta Eel’s hooker, Mark Riddell, along with AFL player, David Spriggs, have been granted leave to appeal to the High Court to determine if player agent fees are tax deducible. Mr Riddell attempted to write off $21,175 in fees charged by SFX Sports for negotiating his contract with the club. “A player agent is as essential to a professional football player as is an up-to-date copy of the Tax Act to a tax adviser,” said Noel Beharis, of Dominion Private Clients, who represents both players, in The Australian Financial Review.