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    Coat of ArmsMedia Release
    Premier
    The Honourable Campbell Newman

    Newman Government boosts island tourism

    Premier
    The Honourable Campbell Newman

    Tuesday, August 27, 2013

    Newman Government boosts island tourism

    The Queensland tourism industry has been delivered a shot in the arm following the announcement of improved security of leasehold tenures for offshore islands.

    Premier Campbell Newman told the DestinationQ tourism forum on the Gold Coast today that reforms to lease arrangements for offshore island resorts will boost investment in the tourism sector.

    “Our tourism industry has been struggling to attract the investment necessary to keep island resorts open, and that has threatened jobs and economic growth in a key pillar of the Queensland economy,” Mr Newman said.

    “These reforms will offer existing and new tourism operators on offshore islands greater security of tenure, which is critical in securing finance to maintain and upgrade their resorts.

    “The Government has committed to the delivery of the Tourism 2020 growth target to double visitor expenditure from $15 billion to $30 billion and make Queensland Australia’s number one tourism destination.”

    Mr Newman said operators who lease State land under the Land Act 1994 will now have the opportunity to maximise the security of their leasehold land tenure through five options:

    •  Establishment of rolling leases for term lessees

    • Consolidation of adjoining term leases into existing perpetual leases

    •  Issuing of 50 year term leases for significant developments, with an option of a further 49 years

    • Conversion of existing term leases to perpetual where significant development has been completed

    •  Short term development leases for new significant developments, with a legislative guarantee of long term lease upon completion of the development.

    Mr Newman said these changes will ensure a strong, competitive offshore island tourism sector with substantial economic benefits for all Queenslanders.

    “Queensland island resorts have experienced difficulties being internationally competitive in recent years,” he said.

    “This new opportunity will allow operators to seize an opportunity to strengthen and grow their business into the future.”

    Queensland Tourism Industry Council (QTIC) Chief Executive, Daniel Gschwind said security of tenure and certainty is critical for existing and new tourism investment.

    “The reforms to island lease arrangement are a significant step and will encourage further investment in quality products,” Mr Gschwind said.

    “This forms part of a suite of initiatives that we will continue to pursue with government to achieve the Tourism 2020 growth targets.”

    [ENDS] 27 August 2013

    Contact: Gerard Reilly 0427 967 852