DOCSLIB.ORG

Budget 2011-2012

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Budget 2011-2012 BUDGET STRATEGY AND OUTLOOK BUDGET PAPER NO. 1 2011-12 CIRCULATED BY THE HONOURABLE WAYNE SWAN MP DEPUTY PRIME MINISTER AND TREASURER OF THE COMMONWEALTH OF AUSTRALIA AND SENATOR THE HONOURABLE PENNY WONG MINISTER FOR FINANCE AND DEREGULATION OF THE COMMONWEALTH OF AUSTRALIA FOR THE INFORMATION OF HONOURABLE MEMBERS ON THE OCCASION OF THE BUDGET 2011-12 10 MAY 2011 ISBN 978-0-642-74687-0 Ownership of intellectual property rights in this publication Unless otherwise noted, copyright (and any other intellectual property rights, if any) in this publication is owned by the Commonwealth of Australia (referred to below as the Commonwealth). Creative Commons licence With the exception of the Commonwealth Coat of Arms (see below); the Budget logo; Statement 1: Budget Overview; Statement 2: Economic Outlook; Statement 3: Fiscal Strategy and Outlook; Statement 4: Opportunities and Challenges of an Economy in Transition, Statement 7: Asset and Liability Management, all material in this publication is licensed under a Creative Commons Attribution 3.0 Australia Licence. Creative Commons Attribution 3.0 Australia Licence is a standard form licence agreement that allows you to copy, distribute, transmit and adapt this publication provided that you attribute the work. A summary of the licence terms is available from http://creativecommons.org/licenses/by/3.0/au/deed.en. The full licence terms are available from http://creativecommons.org/licenses/by/3.0/au/legalcode. The Commonwealth's preference is that you attribute this publication (and any material sourced from it) using the following wording: Publication Title: 2011-12 Australian Government Budget — Budget Paper No. 1. Source: Licensed from the Commonwealth of Australia under a Creative Commons Attribution 3.0 Australia Licence The Commonwealth of Australia does not necessarily endorse the content of this publication. Use of the Coat of Arms The terms under which the Coat of Arms can be used are set out on the It's an Honour website (see www.itsanhonour.gov.au). Contact us Inquiries regarding the licence and any use of this document are welcome at: The Manager Communications Unit Ministerial and Communications Division Treasury Langton Crescent PARKES ACT 2600 Email: [email protected] Internet The Commonwealth Budget Papers and Budget related information are available on the central Budget website at: www.budget.gov.au Printed by CanPrint Communications Pty Ltd Notes (a) The following definitions are used in this Budget Paper: – ‘real’ means adjusted for the effect of inflation; – real growth in expenses and payments is calculated using the Consumer Price Index (CPI) as the deflator; – the Budget year refers to 2011-12, while the forward years refer to 2012-13, 2013-14 and 2014-15; and – one billion is equal to one thousand million. (b) Figures in tables and generally in the text have been rounded. Discrepancies in tables between totals and sums of components are due to rounding: – estimates under $100,000 are rounded to the nearest thousand; – estimates $100,000 and over are generally rounded to the nearest tenth of a million; – estimates midway between rounding points are rounded up; and – the percentage changes in statistical tables are calculated using unrounded data. (c) For the budget balance, a negative sign indicates a deficit while no sign indicates a surplus. (d) The following notations are used: NEC/nec not elsewhere classified - nil na not applicable (unless otherwise specified) (e) estimates (unless otherwise specified) (p) projections (unless otherwise specified) $m $ million $b $ billion iii (e) The Australian Capital Territory and the Northern Territory are referred to as ‘the Territories’. References to the ‘States’ or ‘each State’ include the Territories. The following abbreviations are used for the names of the States, where appropriate: NSW New South Wales VIC Victoria QLD Queensland WA Western Australia SA South Australia TAS Tasmania ACT Australian Capital Territory NT Northern Territory (f) In this paper the term Commonwealth refers to the Commonwealth of Australia. The term is used when referring to the legal entity of the Commonwealth of Australia. The term Australian Government is used when referring to the Government and the decisions and activities made by the Government on behalf of the Commonwealth of Australia. Budget Paper No. 1: Budget Strategy and Outlook 2011-12 is one of a series of Budget Papers that provides information to supplement the Budget Speech. A full list of the series is printed on the inside cover of this paper. iv CONTENTS STATEMENT 1: BUDGET OVERVIEW .................................................................. 1-1 Introduction ................................................................................................................... 1-5 Economic outlook ......................................................................................................... 1-6 Fiscal strategy and outlook .......................................................................................... 1-9 Budget priorities ......................................................................................................... 1-13 Building Australia’s future workforce .......................................................................... 1-14 Infrastructure — expanding our productive capacity .................................................. 1-21 Making mental health a national priority .................................................................... 1-23 New investments in hospitals and health services ..................................................... 1-26 Making every school a great school ........................................................................... 1-27 Supporting families — helping with costs of living ..................................................... 1-29 Supporting small businesses and manufacturing ...................................................... 1-31 Improving the integrity and fairness of the tax system — tax reform ......................... 1-31 Sustainable communities ........................................................................................... 1-32 Climate change — moving to a clean energy future .................................................. 1-33 Rebuilding communities affected by natural disasters ............................................... 1-34 Continuing our commitment to national security ........................................................ 1-36 STATEMENT 2: ECONOMIC OUTLOOK ............................................................... 2-1 Overview ...................................................................................................................... 2-3 The outlook for the international economy ................................................................. 2-11 The outlook for the domestic economy ...................................................................... 2-16 STATEMENT 3: FISCAL STRATEGY AND OUTLOOK ............................................ 3-1 Overview of fiscal position ............................................................................................ 3-3 Fiscal outlook ............................................................................................................. 3-15 Appendix A: Sensitivity of Budget Estimates to economic developments ................. 3-26 v STATEMENT 4: OPPORTUNITIES AND CHALLENGES OF AN ECONOMY IN TRANSITION ..................................................................................................... 4-1 Introduction ................................................................................................................... 4-3 The Asian century and the changing structure of Australia’s economy ....................... 4-4 Things to come: the mining boom and beyond .......................................................... 4-17 Laying the groundwork for transition while managing the boom ................................ 4-29 Conclusion .................................................................................................................. 4-36 References ................................................................................................................. 4-37 STATEMENT 5: REVENUE ................................................................................. 5-1 Overview ...................................................................................................................... 5-3 Weaker tax receipts in the near term ........................................................................... 5-5 Longer term recovery in tax receipts .......................................................................... 5-10 Variations in the receipts estimates since the 2010-11 Budget ................................. 5-16 Revenue variations since MYEFO ............................................................................. 5-23 Revenue estimates by revenue head ........................................................................ 5-24 Appendix A: Revenue and receipts forward estimates .............................................. 5-35 Appendix B: Changes since 2010-11 MYEFO ........................................................... 5-37 Appendix C: Revenue and receipts history and forecasts ......................................... 5-41 Appendix D: Forecast methodology and performance ............................................... 5-48 Appendix E: Taxation revenue recognition ...............................................................
Load more

Recommended publications
  • Airport City Developments in Australia : Land Use Classification and Analyses
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Queensland University of Technology ePrints Archive QUT Digital Repository: http://eprints.qut.edu.au/ Walker, Arron R. and Stevens, Nicholas J. (2008) Airport city developments in Australia : land use classification and analyses. In: 10th TRAIL Congress and Knowledge Market, 14-15 October 2008, Rotterdam, The Netherlands. © Copyright 2008 [please consult the authors] Airport city developments in Australia Land use classification and analyses TRAIL Research School, Delft, October 2008 Authors Dr. Arron Walker, Dr. Nicholas Stevens Faculty of Built Environment and Engineering, School of Urban Development, Queensland University of Technology, Qld, Australia © 2008 by A. Walker, N. Stevens and TRAIL Research School Contents Abstract 1 Introduction.......................................................................................................1 2 Background........................................................................................................2 2.1 Aviation growth in Australia...............................................................................2 2.2 Airport ownership in Australia ...........................................................................3 2.3 Airport Planning under Airports Act 1996 .........................................................4 2.4 Diversification of airport revenue.......................................................................5 3 Land use analysis: methods and materials .....................................................5
    [Show full text]
  • Attachment to Item
    Hawkesbury City Council Attachment 1 to item 201 Royal Australian Air Force - Review of Civil Aviation Access to Air Force Airfields - September 2010 (released 16 June 2011) date of meeting: 13 September 2011 location: council chambers time: 6:30 p.m. ROYAL AUSTRALIAN AIR FORCE REVIEW CIVIL AVIATION ACCESS TO AIR FORCE AIRFIELDS Air Vice Marshal Robert Treloar Air Commodore Paul Devine September 2010 1 CIVIL AVIATION ACCESS TO AIR FORCE AIRFIELDS If the airbases are not available, or their operational capability is impaired, then the successful conduct of joint operations may be compromised or in the worst case the mission may fail1. ACM Houston, CDF INTRODUCTION 1. The review was conducted at the direction of Air Vice-Marshal G.C. Brown, Deputy Chief of Air Force, to address the matter of the provision of access for civil aircraft operations at Air Force airfields. 2. The National Aviation White Paper noted that the review conducted by Defence would be considered by Government to ensure that civil access to Defence airfields is compatible with current and future military requirements.2 3. Defence capability is inextricably linked to the availability of its airfields for training and, if necessary, the conduct of operations. Air Force airfields exist to support the generation, sustainment and deployment of military capability to meet Defence tasking by the Australian Government. Military use shall always have primacy at these locations. Accordingly, military activities may affect or even preclude civil aviation at Air Force airfields.3 BACKGROUND 4. The Air Force conducts flying operations from 12 bases around Australia. Two of the bases are Joint User Airfields, Darwin (DAR) and Townsville (TVL); five can be classified as “operational bases”, Amberley (AMB), Edinburgh (EDN), Tindal (TDL), Richmond (RIC), and Williamtown (WLM); two as “training bases”, East Sale (ESL) and Pearce (PEA); and three are “bare bases “, Curtin (CIN), Learmonth (LMO), and Scherger (SCG).
    [Show full text]
  • Land Use Planning and the Airport Metropolis
    LAND USE PLANNING AND THE AIRPORT METROPOLIS Nicholas J. Stevens Bachelor Built Environment (Landscape Architecture) Queensland University of Technology Master (Urban & Regional Planning) Queensland University of Technology Thesis submitted in fulfilment of the requirements for the degree of Doctor of Philosophy at the School of Civil Engineering and Built Environment Science and Engineering Faculty Queensland University of Technology Australia December 2012 Nicholas Stevens Copyright 2012 i THIS PAGE IS INTENTIONALLY BLANK Nicholas Stevens Copyright 2012 ii Abstract Australian airports have emerged as important urban activity centres over the past decade as a result of privatisation. A range of reciprocal airport and regional impacts now pose considerable challenges for both airport operation and the surrounding urban and regional environment. The airport can no longer be managed solely as a specialised transport entity in isolation from the metropolis that it serves. In 2007 a multidisciplinary Australian Research Council Linkage Project (LP 0775225) was funded to investigate the changing role of airports in Australia. This thesis is but one component of this collaborative research effort. Here the issues surrounding the policy and practice of airport and regional land use planning are explored, analysed and detailed. This research, for the first time, assembles a distinct progression of the wider social, economic, technological and environmental roles of the airport within the Australian airport literature from 1914 – 2011. It recognises that while the list of airport and regional impacts has grown through time, treatment within practice and the literature has largely remained highly specialised and contained within disciplinary paradigms. The first publication of the thesis (Chapter 2) acknowledges that the changing role of airports demands the establishment of new models of airport planning and development.
    [Show full text]
  • Economic Regulation of Airport Services TABLE of CONTENTS
    RAAA Submission to the Productivity Commission Inquiry into the Economic Regulation of Airport Services TABLE OF CONTENTS KEY POINTS ................................................................................................................... 4 RAAA SUBMISSION TO THE PRODUCTIVITY COMMISSION ..................................... 5 Pertinent feedback concerning the RAAA submission ................................................. 5 INTRODUCTION ............................................................................................................. 6 Who We Are ................................................................................................................. 6 RAAA Charter .............................................................................................................. 7 Regional Air Services ................................................................................................... 7 The economic challenge for Regional Aviation ............................................................ 8 Airport services and the impact on regional aviation .................................................... 9 The aviation network .................................................................................................. 10 Regional Australia and the aviation network .............................................................. 11 THE INADEQUACY OF THE CURRENT REGULATORY CONTROLS ....................... 12 The consequences of airport privatisation ................................................................
    [Show full text]
  • KODY LOTNISK ICAO Niniejsze Zestawienie Zawiera 8372 Kody Lotnisk
    KODY LOTNISK ICAO Niniejsze zestawienie zawiera 8372 kody lotnisk. Zestawienie uszeregowano: Kod ICAO = Nazwa portu lotniczego = Lokalizacja portu lotniczego AGAF=Afutara Airport=Afutara AGAR=Ulawa Airport=Arona, Ulawa Island AGAT=Uru Harbour=Atoifi, Malaita AGBA=Barakoma Airport=Barakoma AGBT=Batuna Airport=Batuna AGEV=Geva Airport=Geva AGGA=Auki Airport=Auki AGGB=Bellona/Anua Airport=Bellona/Anua AGGC=Choiseul Bay Airport=Choiseul Bay, Taro Island AGGD=Mbambanakira Airport=Mbambanakira AGGE=Balalae Airport=Shortland Island AGGF=Fera/Maringe Airport=Fera Island, Santa Isabel Island AGGG=Honiara FIR=Honiara, Guadalcanal AGGH=Honiara International Airport=Honiara, Guadalcanal AGGI=Babanakira Airport=Babanakira AGGJ=Avu Avu Airport=Avu Avu AGGK=Kirakira Airport=Kirakira AGGL=Santa Cruz/Graciosa Bay/Luova Airport=Santa Cruz/Graciosa Bay/Luova, Santa Cruz Island AGGM=Munda Airport=Munda, New Georgia Island AGGN=Nusatupe Airport=Gizo Island AGGO=Mono Airport=Mono Island AGGP=Marau Sound Airport=Marau Sound AGGQ=Ontong Java Airport=Ontong Java AGGR=Rennell/Tingoa Airport=Rennell/Tingoa, Rennell Island AGGS=Seghe Airport=Seghe AGGT=Santa Anna Airport=Santa Anna AGGU=Marau Airport=Marau AGGV=Suavanao Airport=Suavanao AGGY=Yandina Airport=Yandina AGIN=Isuna Heliport=Isuna AGKG=Kaghau Airport=Kaghau AGKU=Kukudu Airport=Kukudu AGOK=Gatokae Aerodrome=Gatokae AGRC=Ringi Cove Airport=Ringi Cove AGRM=Ramata Airport=Ramata ANYN=Nauru International Airport=Yaren (ICAO code formerly ANAU) AYBK=Buka Airport=Buka AYCH=Chimbu Airport=Kundiawa AYDU=Daru Airport=Daru
    [Show full text]
  • Land Use Planning and the Airport Metropolis
    LAND USE PLANNING AND THE AIRPORT METROPOLIS Nicholas J. Stevens Bachelor Built Environment (Landscape Architecture) Queensland University of Technology Master (Urban & Regional Planning) Queensland University of Technology Thesis submitted in fulfilment of the requirements for the degree of Doctor of Philosophy at the School of Civil Engineering and Built Environment Science and Engineering Faculty Queensland University of Technology Australia December 2012 Nicholas Stevens Copyright 2012 i THIS PAGE IS INTENTIONALLY BLANK Nicholas Stevens Copyright 2012 ii Abstract Australian airports have emerged as important urban activity centres over the past decade as a result of privatisation. A range of reciprocal airport and regional impacts now pose considerable challenges for both airport operation and the surrounding urban and regional environment. The airport can no longer be managed solely as a specialised transport entity in isolation from the metropolis that it serves. In 2007 a multidisciplinary Australian Research Council Linkage Project (LP 0775225) was funded to investigate the changing role of airports in Australia. This thesis is but one component of this collaborative research effort. Here the issues surrounding the policy and practice of airport and regional land use planning are explored, analysed and detailed. This research, for the first time, assembles a distinct progression of the wider social, economic, technological and environmental roles of the airport within the Australian airport literature from 1914 – 2011. It recognises that while the list of airport and regional impacts has grown through time, treatment within practice and the literature has largely remained highly specialised and contained within disciplinary paradigms. The first publication of the thesis (Chapter 2) acknowledges that the changing role of airports demands the establishment of new models of airport planning and development.
    [Show full text]
  • Interim Report Air Services
    NO. 446A PARLIAMENT OF NEW SOUTH WALES LEGISLATIVE COUNCIL STANDING COMMITTEE ON STATE DEVELOPMENT Interim Report on Provision and operation of rural and regional air services in New South Wales Ordered to be printed Thursday 24 September 1998 REPORT NO. 20, VOLUME ONE SEPTEMBER 1998 ISBN 0-7313-9712-6 INQUIRY’S TERMS OF REFERENCE Provision and operation of rural and regional air services in New South Wales (Reference received 28 May 1998) That the Standing Committee on State Development inquire into and report on the provision and operation of rural and regional air services in New South Wales, and in particular the impact on country communities of: C landing fees at Sydney (Kingsford Smith) Airport; C landing fees at regional airports; C the allocation of slot times at Sydney (Kingsford Smith) Airport; C proposals to limit access to Sydney (Kingsford Smith) Airport and direct country services to Bankstown Airport; and C the impacts of deregulation of New South Wales air services on the provision of services to smaller regional centres and towns in New South Wales including consideration of measures to maintain services. CHAIRMAN’S FOREWORD On 28 May 1998 the Minister for Transport, the Hon Carl Scully, MP, requested that the Standing Committee inquire into and report on the provision and operation of rural and regional air services in New South Wales. The Minister referred this matter to the Standing Committee to ensure that there would be no adverse impacts on rural and regional communities in New South Wales through proposals to deregulate intrastate air services or as a result of changes to pricing and access arrangements at Sydney Airport.
    [Show full text]
  • Official Hansard MONDAY, 4 JUNE 2001
    COMMONWEALTH OF AUSTRALIA PARLIAMENTARY DEBATES HOUSE OF REPRESENTATIVES Official Hansard MONDAY, 4 JUNE 2001 THIRTY-NINTH PARLIAMENT FIRST SESSION—NINTH PERIOD BY AUTHORITY OF THE HOUSE OF REPRESENTATIVES CONTENTS CHAMBER HANSARD Delegation Reports— Commonwealth of Australia Branch Delegation to the 46th Common- wealth Parliamentary Conference, United Kingdom............................... 27107 Committees— Foreign Affairs, Defence and Trade Committee—Report........................... 27110 Treaties Committee—Report....................................................................... 27114 Communications, Transport and the Arts Committee—Report................... 27116 Defence Act Amendment (Victoria Cross) Bill 2001— First Reading ............................................................................................... 27120 Statements By Members— Vietnam: Campaign for Religious Freedom................................................ 27123 Australian Defence Force: Cadets ............................................................... 27124 Greenway Electorate: Wyndham College.................................................... 27124 Community Legal Services, Victoria........................................................... 27124 Veterans: Prisoner of War............................................................................ 27125 Cook Electorate: Sharks Leagues Club Redevelopment ............................. 27125 Lowe Electorate: Homebush Boys High School ......................................... 27126 Regional Airlines:
    [Show full text]
  • Annual Report 02.Pdf
    SYDNEY AIRPORTS CORPORATION LIMITED ANNUAL REPORT2002 LIMITEDANNUAL AIRPORTSCORPORATION SYDNEY Sydney Airports Corporation Limited ABN 62 082 578 809 Airport Central 241 O’Riordan Street Mascot NSW 2020 Australia PO Box 63 Mascot NSW 1460 Australia Telephone 61 2 9667 9111 Facsimile 61 2 9667 1592 sydneyairport.com ✈2002✈ ✈ ✈ ✈ ✈ ✈ ANNUAL REPORT S ✈ ✈ ✈ ✈ ✈ CONTENTS 2 Overview 3 Financial and Traffic Highlights 4 Chairman’s Review 6 Chief Executive Officer’s Report 10 Financial Results 16 Privatisation BUSINESS REVIEW 18 Aviation 22 Commercial Directorate – Retail 24 Commercial Trading 26 Property and Development 28 Support Units SYDNEY’S SUSTAINABLE AIRPORT 30 Economic Impact 32 Investing in Communities A WORLD-CLASS AIRPORT 34 Environmental Management MANAGEMENT COMPANY STATUTORY INFORMATION Sydney Airports Corporation Limited (SACL) is the manager and 38 Board of Directors operator of Sydney Kingsford Smith Airport (Sydney Airport). SACL is 40 Executive Management Team an integrated business comprising four trading units and three support 42 Corporate Governance service units. Each unit plays an important role in the design and 47 Financial Statements delivery of the connection process that supports the ‘total 48 Directors’ Report journey experience’. 76 Directors’ Declaration On 25 June 2002, the Commonwealth Government announced the sale of Sydney Airport to the Southern 77 Independent Audit Report Cross Airports Corporation consortium for $5.588 billion. The sale transaction was completed on 28 June 2001, at which time Sydney Airport became a privatised entity. IBC Sydney Airport Statistics Sydney Airports Corporation Limited ABN 62 082 578 809 sssss SYDNEY AIRPORTS CORPORATION LIMITED // ANNUAL REPORT 2002 1 OVERVIEW FINANCIAL HIGHLIGHTS 2002 2001 During the reporting period, the events of 11 September 2001 and Ansett $’000 $’000 % CHANGE Australia’s collapse had a dramatic impact on SACL’s operating environment.
    [Show full text]
  • Official Hansard No
    COMMONWEALTH OF AUSTRALIA PARLIAMENTARY DEBATES HOUSE OF REPRESENTATIVES Official Hansard No. 15, 2003 Wednesday, 8 October 2003 FORTIETH PARLIAMENT FIRST SESSION—SIXTH PERIOD BY AUTHORITY OF THE HOUSE OF REPRESENTATIVES INTERNET The Votes and Proceedings for the House of Representatives are available at http://www.aph.gov.au/house/info/votes Proof and Official Hansards for the House of Representatives, the Senate and committee hearings are available at http://www.aph.gov.au/hansard For searching purposes use http://parlinfoweb.aph.gov.au SITTING DAYS—2003 Month Date February 4, 5, 6, 10, 11, 12, 13 March 3, 4, 5, 6, 18, 19, 20, 24, 25, 26, 27 May 13, 14, 15, 26, 27, 28, 29 June 2, 3, 4, 5, 16, 17, 18, 19, 23, 24, 25, 26 August 11, 12, 13, 14, 18, 19, 20, 21 September 8, 9, 10, 11, 15, 16, 17, 18 October 7, 8, 9, 13, 14, 15, 16 November 3, 4, 5, 6, 24, 25, 26, 27 December 1, 2, 3, 4 RADIO BROADCASTS Broadcasts of proceedings of the Parliament can be heard on the following Parliamentary and News Network radio stations, in the areas identified. CANBERRA 1440 AM SYDNEY 630 AM NEWCASTLE 1458 AM BRISBANE 936 AM MELBOURNE 1026 AM ADELAIDE 972 AM PERTH 585 AM HOBART 729 AM DARWIN 102.5 FM CONTENTS—continued WEDNESDAY, 8 OCTOBER Migration Legislation Amendment (Migration Agents Integrity Measures) Bill 2003......20763 Migration Agents Registration Application Charge Amendment Bill 2003— Second Reading............................................................................................................20763 Third Reading...............................................................................................................20783
    [Show full text]
  • This Is the Author Version Published As: QUT Digital Repository: Http
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Queensland University of Technology ePrints Archive QUT Digital Repository: http://eprints.qut.edu.au/ This is the author version published as: Stevens, Nicholas J. and Walker, Arron R. (2009) Land use at privatized Australian airports : classification and analyses. Aerlines Magazine(44). © Copyright 2009 Aerlines Magazine AIRPORT DEVELOPMENT Aerlines Land Use at Privatized Australian Air- ports - Classification and Analyses In recent years, the air transport industry has experienced unprecedented growth, driven by strong local and global economies. Whether this growth can continue in the face of anticipated oil crises, international economic forecasts, and, recently, influenza outbreaks is yet to be seen. One thing is certain: airport owners and operators will continue to be faced with challenging environments in which to do business. In response, many airports recognize the value in diversifying their revenue streams through a variety of landside property developments within the airport boundary. In Australia, it is the type and intended market of this development that is a point of contention between private airport corporations and their surrounding municipalities. The aim of this preliminary research is to identify and categorize on-airport development occurring at the twenty-two privatized Australian airports which are administered under the Airports Act [1996]. This new knowledge will assist airport and municipal plan- ners in understanding the current extent and cate- gory of on-airport land use, allowing them to make better decisions when proposing development both within airport master plans and beyond the airport boundary in local town and municipal plans.
    [Show full text]
  • Sydney Kingsford Smith Airportaeroporti Di Roma
    A non-renounceable Priority Entitlement Offer of 375 million Fully Paid Securities at an Issue Price of $1.50 per Fully Paid Security and an Institutional Placement of approximately 54 million Fully Paid Securities at an Issue Price of $1.53 per Fully Paid Security to raise $645 million. A placement of 12.5 million Fully Paid Securities to Macquarie Bank Limited at $2.00 per Fully Paid Security to raise $25 million. MACQUARIE AIRPORTS PROSPECTUS Aeroporti di Roma Sydney Kingsford Smith Airport Special Notice Exposure Period Investments in Macquarie Airports (“MAp”) are not deposits The Corporations Act prohibits the processing of with or other liabilities of Macquarie Bank Limited Applications in the seven day period after the date of ACN 008 583 542 (“Macquarie”) or of any entity in the lodgement of the Prospectus. This period may be extended Macquarie Bank Group and are subject to investment risk, by ASIC by up to a further seven days. This period is an including possible delays in repayment and loss of income exposure period to enable the Prospectus to be examined and capital invested. Macquarie Airports Holdings (Bermuda) by market participants prior to the raising of funds. Limited (“MAHBL”) (which is not a member of the Macquarie Applications received during the exposure period will not be Bank Group) nor any member of the Macquarie Bank Group processed until after the expiry of that period. No preference including Macquarie Airports Management Limited will be conferred on Applications received during the (“Macquarie Airports Management”) and Macquarie exposure period. Investment Management (UK) Limited (“MIMUK”) guarantees any particular rate of return on Securities (including Fully Paid Electronic Prospectus Securities) or the performance of MAp, nor do they This Prospectus may be viewed online at guarantee the repayment of capital from MAp.
    [Show full text]