Is Rex Express Holdings going the begging bowl route again hoping the Australian Government will continue subsidizing its push to firmly establish itself in those commercially desirable major cities domestic-international air routes?

 

UPDATE: 

Sometime on the afternoon or evening of 30 July 2024 REX Express Holdings Limited appears to have informed the media it is going into "voluntary administration" - apparently before it notified the Australian Stock Exchange on which its shares are traded. 

It has made announcements of imminent doom in past years, ceased ticket sales, suspended flights or air routes when seeking a government bailout or an increase in monies received from a government industry funding scheme. 

Based on past behaviour receiving such financial assistance is no guarantee REX will not go ahead and abandon some regional airport destinations.

IMAGE: https://www.rex.com.au/flightinfo/network.aspx

Having built its Australian air routes by bullying regional councils & indulging in what looked suspiciously like corporate extortion at federal level, is the Singapore-based corporation operating REX Airlines, seeking yet another government bailout?

ABC News, 30 July 2024:

Rex Airlines' future uncertain in wake of ASX trading halt

Regional Australian airline Rex has suspended trading on the Australian stock market pending an upcoming announcement.

The ASX-listed company halted trade on Monday ahead of making an announcement dealing with a media report published over the weekend.

It is understood the announcement relates to a piece published in The Australian suggesting the airline has called in a turnaround team from consultants Deloitte.

The pause in trading is expected to remain in place until tomorrow or until Rex releases a statement to the market.

In a comment to the ABC, a spokesperson from Rex Airlines said the company was currently in an ASX trading halt "pending making a material announcement".

"In the meantime it isn't appropriate for us to make any further comments," the spokesperson said.

Transport Workers Union boss Michael Kaine said he had written to Rex as about 2,000 jobs were at risk.

"This is a sign that the aviation industry is broken, it's actually in crisis," he said.

"We're looking forward to hearing back from Rex as a matter of urgency, to try and get some more clarity on this situation.".

Government to 'work with' Rex

Asked whether the federal government would help keep Rex in the air if required, Prime Minister Anthony Albanese said it was "an important airline" and he was "very hopeful that they'll see their way through".

"We have sought information from the airline through [Minister for Transport] Catherine King, who came to see me about this today … we will continue to monitor what happens there," he said.

"There are a range of communities in New South Wales, in Queensland, in South Australia and right around the country that rely upon Rex … so it's important," he said.

The prime minister said the airline had come through COVID and received substantial government support, "and we will remain vigilant when it comes to this airline and continue to work with them".

"We want to see not just those jobs maintained, but we also want to see those communities continue to have access to aviation that's so important for their economy and for their way of life," he said.....

The Australian, 27 July 2024, p.25:

Rex calls in turnaround specialists

Stories abound of instability in the nation’s aviation sector. Budget airline Bonza fell into administration in April. The mooted listing of Virgin Australia keeps faltering, and now Qatar Airways wants to gobble up a strategically important part of it.

And what of Regional Express? Its executive chairman, Lim Kim Hai, was hot-swapped in June for deputy chair John Sharp, a former transport minister in the Howard government. Lim had served as executive chairman for 21 years, and aside from brief remarks issued by the company acknowledging his “extraordinary service”, no further reason was provided for this sudden and startling tweak to the board.

Seething, as you would expect, Lim went on to requisition a shareholders meeting to remove Sharp and three other directors from the board: Lee Thian Soo, Ronald Bartsch and Jim Davis. No reasons were provided for that development either.

This upheaval is taking place just as Rex finds itself in a spot of serious financial bother, so serious, it seems, that Margin Call hears that the airline has invited a turnaround team from Deloitte to rifle through its books and try to stop the proverbial plane from crashing into the mountain.

Leading that team are Sal Algeri and Richard Hughes, memorable for their role in the recovery of Virgin Australia after that airline slid into voluntary administration in 2020. Deloitte didn’t respond to questions about Rex and Rex itself declined to comment. “Given Rex is a public company, we do not respond to press or market rumours or speculation,” a spokesman said.

Rex’s troubles are not necessarily with its regional routes, which are said to be profitable, but with its expansion into the prized city destinations of Sydney, Melbourne and Brisbane, known in the industry as the Golden Triangle (a misnomer, by the way, the route connecting them forms no obvious triangle).

An expansion into those capital city markets began in 2020, its market share remains in the single digits, and the whole jolly has cost the business dearly. Deloitte’s partners are in a fever attempting a restructure solution as a rescue package. That too, we hear, is teetering towards failure.

Where to from here? Rex’s Golden Triangle dilemma could become intractable enough to push the airline into administration. Whether or not that occurs, the appearance of Deloitte’s clean-up team at least provides a plausible explanation for the airing of linen about to start in the boardroom.

After all, it was Sharp who said last year that profitability mattered more than market share, a remark made only after Rex posted a loss of $16.5m for the half to December 2022. Its latest results weren’t quite as fugly – a $3.2m loss for the half to December 2023....

AAP General News Wire, excerpt, 29 July 2024:

Rex reported a loss of $3.2 million for the first half of the 2023-24 financial year in February, compared with a $16.5 million loss in the prior period, saying escalating costs, particularly for fuel, made it hard to predict full-year profitability.....

The Australian, podcast, excerpt, 30 July 2024:

Anthony Albanese hails the importance of struggling Rex’s regional routes and promises to examine rescue packages, but questions the airline’s foray into competitive big city routes....

BACKGROUND

The Australian Stock Exchange 2024 announcement list re Regional Express Holdings Limited (REX) contained the following:

* 11.03.24 10:02.am ASX Release - REX announces partnership with UAE's national airline Etihad which entrenches REX passenger plane landing rights at Sydney and Melbourne airports as a connecting carrier of Eithad ticket holders.

* 06.06.24 8:33am Change to the Board - Deputy Chairman John Sharp ceases that board role & becomes Non-Executive Chairman. Kim Lim Hai ceases to be Non-Executive Chairman but remains a Non-Executive director & a significant shareholder in the company.

* 12.07.24 9:50am General Meeting of Members - Kim Lim Hai serves notice of a general meeting of members at which he will request the removal of six named directors as well as the majority of any directors that may have been appointed fron 5 May 2024 to the end of the general meeting.

* 29.07.24 9:50am Market Release - Pause in trade of Rex securities

* 29.07.24 10:17am Market Release - Trading Halt in Rex securities at own request until 31.07.24 and pending an announcement.

A LITTLE LOCAL BACKGROUND

North Coast Voices, 1 June 2022

Today REX Airlines began to abandon Northern Rivers regional airports - yet again

On 31 May 2022 Regional Express (REX) airlines confirmed that it was withdrawing airline services from Lismore and Grafton on 1 June 2022 and from Ballina on 2 July 2022.

At the same time it announced cessation of service to Kangarooo Island.

Very predictably this withdrawal again - as it has so often in the past - coincided with the cessation of federal government funding which heavily subsidizes REX.

The phrase 'shakedown merchant' comes to mind.

Only in the Northern Rivers can a life be celebrated so joyously in an obituary

 

The image of Hannah Grace which on her instruction heads this "The Echo" news online obituary.

The 26 July 2024 Farewell to Hannah Grace begins:

"Sometime before she passed away last month, Hannah Grace wrote the following note to The Echo:

‘Dear Echo people, I want this picture to go across two columns of the dead people section. Thanks a lot for everything. Cheers, Hannah xx’. ‘

Ps: This photo’s the last chance I’ve got to show off! Xxxx’

Accompanying the note was the beautifully irreverent and unashamedly racy photo, pictured.

The request, one of Hannah’s last on this planet, encapsulates some of the qualities that made her such a loved and member of the Byron community since her arrival in the Shire nearly 50 years ago."

Read on at

https://www.echo.net.au/2024/07/farewell-hannah-grace/

In its 200th anniversary year the NSW Sheriff's Office is experiencing a staff revolt over poor pay and working conditions

 

“They risk their lives to protect magistrates, lawyers and the general public and they’re not paid enough to do it.” [Public Service Association (PSA) regional representative, Rebecca Reilly, quoted in Daily Telegraph, 4 July 2024]

After a statewide walk off the job on 4 July 2024 and holding protests outside Coffs Harbour, Grafton, Maclean, Bellingen, Macksville, Lismore, Newcastle, Port Macquarie and Tamworth and Gosford courthouses along with a number of others that same day protesting poor pay & conditions, NSW court sheriffs have been continuing their industrial campaign.

Particularly in northern NSW. There are 300 sheriffs working across the state and it’s understood about 95 per cent of northern officers have joined the industrial action.

Sheriffs are alleging that their workload is exacerbated by chronic understaffing and have been declining to work without two officers present. They have also been refusing to work more than seven hours each day (unless directed) or at locations where overnight stays would be needed. As well the work ban appears to include declining to issue any new Certificate of Authority to security contractors, and to conduct security screening only at permanent perimeter screening points.

By 26 July mainstream media was reporting that due to lack of a sheriff security presence some mid North Coast courthouses have been closed to the public, cases have been relegated to audio visual links and proceedings are now heard online.

Coincidentally, 2024 marks the 200th anniversary the NSW Sheriffs Office, Australia’s oldest law enforcement agency.

The Sheriffs Office was established by the Third Charter of Justice (New South Wales Act), which came into effect in 1824 when the colony of New South Wales comprised the whole of eastern Australia, as well as Van Dieman's Land (now Tasmania).

The Northern Daily Leader, 5 July 2024:

"Sheriffs are highly trained in what was risky and stressful work - these guys come to work everyday at risk of serious harm," he said.

"They work in ballistic vests, carry handcuffs, batons, and capsicum spray and stand at the front door of the court house ready to stop anyone trying to injure court house staff, the magistrates, prosecutors, or the general public.

"Sheriffs ensure the court house is a safety work space."....

Aside from working at the court house, Mr Mears [PSA representative] said Sheriffs also enforced court orders which meant entering people's properties to serve writs and warrants.

Calls to tax the super rich increased in 2024 & G20 countries have noticed. Here in Australia, billionaires have increased their wealth by 70.5% since 2020

The world’s richest have truly never been richer and the gap between the rich and the poor in most countries has truly never been wider. In the first two years of the COVID-19 pandemic, the world’s ten richest men doubled their collective fortunes – from $700 billion to $1.5 trillion – at the same time that incomes for 99% of humanity fell. [Patriotic Millionaires, January 2023]

Wealth Of Australia’s 50 Richest On Forbes List Rises To $222 Billion [Forbes, 15 February 2024]

~~~~~~~~~~~~~~~~~~~~

Top 1 percent bags over $40 trillion in new wealth during past decade as taxes on the rich reach historic lows

______________________________________

Oxfam Australia Media Release

______________________________________

Thursday 25 July 2024

The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world’s population, according to new analysis by Oxfam today ahead of the third meeting of G20 Finance Ministers and Central Bank Governors in Rio de Janeiro, Brazil.

Here in Australia, billionaires have increased their wealth by 70.5% or $120 billion since 2020. Australians are increasingly concerned about this growing inequality and support a wealth tax to address it. This is evidenced by newly released YouGov polling commissioned by Oxfam. The polling shows:

• 76% of Australians are concerned about the growing wealth gap between the ultra-rich and everyday people

• 74% Support a wealth tax of people with wealth of over $50 million

• 63% Support wealth tax proceeds being used to reduce inequality

The average wealth per person in the top 1 percent globally rose by nearly $400,000 in real terms over the last decade compared to just $335 – an equivalent increase of less than nine cents a day – for a person in the bottom half.

~~~~~~~~~~~~~~~~~~~~

Responding to the Rio de Janeiro G20 Ministerial Declaration on International Tax Cooperation published on 26 July 2024, Oxfam International’s Tax Policy Lead Susana Ruiz, said:

"This is serious global progress —for the first time in history, the world’s largest economies have agreed to cooperate to tax the ultra-rich. Finally, the richest people are being told they can't game the tax system or avoid paying their fair share.

"Governments have for too long been complicit in helping the ultra-rich pay little or zero tax. Massive fortunes afford the world’s ultra-rich outsized influence and power, which they wield to shield, stash and supersize their wealth, undercutting democracy and widening inequality.

"Now to the next step: at the G20 Summit in November this year, leaders need to go further than their finance ministers and back concrete coordination: agreeing on a new global standard that taxes the ultra-rich at a rate high enough to close the gap between them and the rest of us.

"Brazil has kickstarted a truly global approach to tax the ultra-rich. But the work is just beginning and international cooperation is crucial.

"We call on G20 leaders to align with the progress being made at the UN and establish a truly democratic process for setting global standards on taxing the ultra-rich. Entrusting this task to the OECD —the club of mostly rich countries— would simply not be good enough."

BACKGROUND

• Earlier this month, close to 20 former heads of state and government of G20 and higher-income countries called on current G20 leaders, including US President Joe Biden, German Chancellor Olaf Scholz and UK Prime Minister Keir Starmer, to support a “new global deal to tax the world’s ultra-rich individuals” in an open letter.

• Oxfam’s research found that the share of national income going to the top 1 percent of earners in G20 countries has increased by 45 percent over the last four decades. During the same period, the top tax rates on their incomes has fallen by roughly a third (from around 60 percent in 1980 to 40 percent in 2022).

• According to the EU Tax Observatory, global billionaires have very low personal effective tax rates, of between 0 percent and 0.5 percent of their wealth.

 

TOP 10 RICHEST AUSTRALIANS

according to Forbes, 14 February 2024

1. Gina Rinehart; US$30.2 billion

2. Andrew Forrest & Family; $21.5 billion

3. Harry Triguboff; $16.2 billion

4. Mike Cannon-Brookes; $13.7 billion

5. Scott Farquhar; $13.5 billion

6. Anthony Pratt; $10.3 billion

7. Cliff Obrecht and Melanie Perkins, $8.8 billion

8. Bianca Rinehart & Siblings, $8.5 billion

9. John, Alan & Bruce Wilson, $6.6 billion

10. Frank Lowy, $6.5 billion

Disgraced former Liberal Premier of NSW Gladys Berejiklian gets no joy from her Supreme Court appeal of ICAC corrupt conduct findings

IMAGE: Nationwide News, 26 July 2024

Gladys Berejiklian joined the Liberal Party of Australia in 1991 whilst at the University of Sydney and was President of the NSW Young Liberals in 1996 - 1997.

Between 1998 - 2003 she describes her employment as "Executive, Commonwealth Bank of Australia".

Ms Berejiklian was elected as the Liberal Member for Willoughby in the NSW Legislative Assembly in March 2003. An elected position she held for 18 years, 9 months and 9 days - first as a member of the Opposition, then as a Minster of the Crown, then as NSW Premier & finally as a backbench member of a Coalition Government she had recently led, until 'retiring' in disgrace on 30 December 2021.

In June 2023 Ms. Berejiklian was the subject of adverse findings made in a two-volume report (Vol 1 at pp.13-14) of the NSW Independent Commission Against Corruption (ICAC) titled “Investigation into the conduct of the then member of Parliament for Wagga Wagga and then Premier and others (Operation Keppel)”.

This report followed the October 2021 announcement that ICAC would conduct a further public inquiry in Operation Keppel investigating whether between 2012 and 2018, as a Minister of the Crown, as Treasurer or as Premier, Gladys Berejiklian had engaged in corrupt conduct.

Ms Berejiklian appealed the findings of the ICAC report in the Supreme Court-Court of Appeal, principally claiming material errors of law in or in relation to the ICAC report findings.

She lost in a judgment delivered on Friday, 26 July 2024, which stated in part:

"Decision: Amended Summons dismissed with costs.....

In the result, each ground of review has been rejected. Ms Berejiklian ’s application to quash the Commission’s findings of “serious corrupt conduct” or to have those findings declared as made without or in excess of jurisdiction should be dismissed, with costs."

The final outcome of Gladys Berejiklian's effort to quash the ICAC findings of "serious corrupt conduct", is a lengthy Court of Appeal judgment containing reasons which once more bring the details of her conduct to the attention of the general public and includes transcript excerpts of conversations with her then "intimate" friend and fellow member of parliament.

Currently Ms Berejiklian is on the executive board of telecommunications company Singtel Optus Pty Ltd as Managing Director, Enterprise and Business.

Annual director remuneration in Singtel subsidiary companies is posited to be in the vicinity of $1 million. [Singtel Annual Report 2024, Notes to the Financial Statements For the financial year ended 31 March 2024, p.157]

Singtel Optus is a fully-owned subsidiary of Singapore Telecommunications Limited (Singtel) headquartered in Singapore and is listed in AEC political donor annual organisation returns from 1998-99 to 2022-23.

https://www.optus.com.au/about/corporate/executive-profiles

Donald J. Trump beginning his 'taking back the White House from Kamala' election campaign

Candidate and former one term president Donald John Trump is now on the U.S. presidential election campaign again with a vengeance and, social media platforms are full of clips of his political attacks on the Democratic candidate and current Vice-President, Kamala Devi Harris.

WARNING: The following political video clips ALL contain content that is either misinformation, misquotes, fantastical fabrications, barefaced lies big and small, outrageous unsupported claims or personal abuse - sometimes multiple examples of the aforementioned in an individual video.

 

TAKING BACK THE WHITE HOUSE

Trump: From the moment we take back The White House from Kamala Harris… pic.twitter.com/B2vtxZEZ8A

— Acyn (@Acyn) July 24, 2024

Trump: Kamala Harris shouldn't even be allowed to run for president. She's committing crimes. pic.twitter.com/TT2AOWqvhP

— Acyn (@Acyn) July 24, 2024

Donald J. Trump 🇺🇸
Rally North Carolina
“For 3 1/2 years lying Kamala Harris has been the ultra liberal driving force behind every single Biden catastrophe, she is a radical left Lunatic who will destroy our country” pic.twitter.com/8zbJRPqvDR

— SANTINO (@MichaelSCollura) July 25, 2024

Trump: And then the campaign says “I'm the prosecutor and he is the convicted felon.” I don't think people are going to buy it pic.twitter.com/oLzPJhDi0o

— Acyn (@Acyn) July 24, 2024

ABORTION

Trump: For 52 years… Roe V. Wade. They wanted to bring it back to the states. It wasn't about how many weeks and how many -- everybody wanted it. Every legal scholar. Every Democrat.. *praises Conservatives on Supreme Court* pic.twitter.com/otwTzWOIdl

— Acyn (@Acyn) July 24, 2024

Trump: She wants abortions in the eighth and ninth month of pregnancy. That's fine with her… even after birth pic.twitter.com/UJgzOUOwDu

— Acyn (@Acyn) July 24, 2024

RETIREMENT AGE

Trump: They’re talking about, he was talking about, she was talking about re— lifting the retirement age pic.twitter.com/mbaFepUhEs

— Acyn (@Acyn) July 24, 2024

IMMIGRATION

Trump: The late great Hannibal Lecter. They say why would he mention Hannibal Lecter, he must be cognitively in trouble. No. These are real stories. Hannibal Lecter from Silence of the lamb pic.twitter.com/XsIl4Ryxr1

— Acyn (@Acyn) July 24, 2024

 Plain didn't happen...

Trump just buried Kamala…

Kamala Harris Helped Shawn Michael Tillman Get out of Jail, a Level 3 Sex Offender — who went on to Brutally Murder a Man on a Train Platform

“Kamala wants to be the president for savage criminals, illegal aliens…

And I will be the president for Law… pic.twitter.com/0WosPsRySr

— MJTruthUltra (@MJTruthUltra) July 24, 2024

Trump: You're not going to teach a criminal not to be a criminal. It's just not going to happen. pic.twitter.com/gzVNVmomzo

— Acyn (@Acyn) July 24, 2024

ISRAEL & AMERICAN CITIZENS OF JEWISH FAITH

Trump: She’s running away from Israel.. Kamala Harris is totally against the jewish people. pic.twitter.com/9KmC3w31Iw

— Acyn (@Acyn) July 24, 2024

RENEWABLE ENERGY

Trump: The environmentalists want wind. The wind is blowing today. The whole thing is a hoax. The wind kills our birds pic.twitter.com/5rrZnkzSpL

— Kamala HQ (@KamalaHQ) July 24, 2024

GENERAL ABUSE & MORE LIES

Trump on Kamala Harris:

“Laffin Kamala…she is crazy, no she really is crazy, she’s nuts. Not as crazy as Nancy Pelosi…no she’s crazy as a bed bug.” 😂

pic.twitter.com/ZtWZPjUdV7

— Pushkar Ranade (@magicsilicon) July 21, 2024

pic.twitter.com/a85purlix5

— Acyn (@Acyn) July 24, 2024 

BREAKING: Donald Trump ruthlessly attacks Kamala Harris, calls her a lunatic who is unfit to lead and will destroy the United States if elected into office, claims that, as a prosecutor, she led the coup against Biden. pic.twitter.com/6KFVDk4L0T

— Simon Ateba (@simonateba) July 24, 2024

UNITED STATES-MEXICAN BORDER

🚨 #Trump atiza contra México 🇲🇽

Acompañado de #Vance, dijo que los cárteles podrían quitar al presidente en dos minutos pic.twitter.com/OPLFf9x45i

— Manuel Lopez San Martin (@MLopezSanMartin) July 24, 2024

TERRORISTS AND US CRIME STATISTICS

Bleach blonde bad built bullet brain pic.twitter.com/zdCdWVWiza

— I Smoked J.D. Vance's Couch (@BlackKnight10k) July 19, 2024

 

FATAL SHOOTING AND CRITICAL INJURIES OF AUDIENCE MEMBERS AT TRUMP RALLY IN PENNSLYVANIA, 13 JULY 2024

‘Last week, I took a bullet for democracy!’ – Trumphttps://t.co/ThbWOBxsht pic.twitter.com/Z3Q9FxO1QW

— RT (@RT_com) July 21, 2024

 

 MORE POSTS ON TRUTH SOCIAL

NSW Minns Labor Government to provide built for purpose rental accommodation in Lismore City - 50 rental apartments of which 10 will be affordable housing

 

The NSW Minns Labor Government is providing built for purpose rental accommodation in Lismore City - 50 rental apartments of which 10 will be affordable housing - with construction due to start in 2025.

The Northern Star, 23 July 2024:

Landcomreveal designs for $30m state government-backed build-to-rent housingproject in East Lismore

A concept image. Picture: Supplied

Design plans for a pilot $30 million, 50 apartment state government backed build-to-rent project in the Northern Rivers have been revealed.

Plans have been aired for the dozens of apartments in East Lismore by state owned corporation Landcom, spruiked as well-designed, climate-resilient and sustainable.

The plans have been released for community and stakeholder feedback.

Located at the corner of Crawford Rd and 138-146 Military Rd, the development is aimed at delivering affordable rental housing in a region impacted by rising costs and low availability.

The development is set to include a mix of apartment sizes to suit the lifestyles and budgets of different households.

Future residents will be close to shops, schools, open spaces like parks, Southern Cross University and other community infrastructure.

State Lismore MP Janelle Saffin said battlers were already doing it tough before the 2022 floods and there was increasingly “essential need” for more housing.

Ms Saffin strongly advocated for the project and said it would be a “welcome investment” for Lismore.

“It’s good to see Landcom seeking to help local renters to put a roof over their head as soon as practical, while also planning to deliver housing that is in tune with the local environment,” she said.

A pair of apartment buildings will follow the site’s slope to the south and are planned to be of a similar scale to surrounding homes. The site for the homes is not flood prone.

The three-storey northern building screens the lower-level southern building, which includes three levels above a ground floor car park.

The 50 apartments would be a mix of studios up to three-bedroom apartments. 20 per cent of the units are designated as rentals for people on low to moderate incomes.

Additionally, the development is set to have 58 secure ground floor parking spaces with access from Military Rd.

Landcom states facades, roof treatments and materials will reflect local architectural character and the project will blend in with its surrounds.

Work is underway to finalise the design and planning before lodgement of a development application with Lismore City Council in coming months. Landcom states it wants to maximise light and ventilation in the design.

Construction is projected to begin in 2025 with residents expected to move in 2026 – subject to approvals.....

Lismore residents can have their say about the draft design by completing an online survey on Landcom’s website by August 7.

The developer is also due to hold a community information and feedback session at East Lismore Bowling Club on August 1.

Residents can drop into the club to learn more, ask the project team questions and share their thoughts between 5pm-8pm.....

Landcom statement on intended Management of Housing Complex

The build-to-rent properties and tenancies at our East Lismore project will be managed by a government agency or community housing provider. Details will be made available closer to project completion.

Landcom statement on Affordable Housing

What is affordable housing?

Safe, secure and affordable housing is essential to the wellbeing of individuals, the vibrancy of our communities and the productivity of the NSW economy.

At our East Lismore project, 20% of homes will be affordable rental housing.

Affordable rental housing is housing that meets the needs of people on low to moderate incomes, such as essential workers. Rent is priced so tenants can afford other basic living costs such as food, clothing, transport, medical care and education. It is managed in accordance with the rent setting provisions of the NSW Housing Ministerial Guidelines.

Affordable rental housing is usually managed by community housing providers, which are not-for-profit, mission driven organisations who own, develop and maintain rental housing for people on very low, low and moderate incomes who require affordable homes.

Affordable housing is not the same as social housing, which is available to people on very low to low household incomes. This includes those who are struggling to afford rent and are often on the brink of homelessness. Landcom does not provide social housing.

If you are a Lismore City local government area resident you can give your opinion on this project via an online portal at:

https://landcom.com.au/projects/eastlismore