first_imgThe Real Estate Institute of Queensland says it’s “bitterly disappointed” with the Palaszczuk government’s proposed COVID-19 tenancy protection measures, saying they go “too far” and neglect landlords. Queensland Housing Minister, Mick de Brenni, announced the provisions on 9 April, which include a six-month hold on evictions, a ban on non-essential inspections or repairs, and a waiver on rental payments for virus-hit tenants.The REIQ’s CEO, Antonia Mercorella, told realestate.com.au the government’s plan came as a surprise following a period of close consultation, where “everyone agreed” to the eviction moratorium and negotiations for reduced rents.“We are bitterly disappointed with how the Minister came out with the announcement, despite the many hours of work we’d invested to come up with a balanced outcome,” she said.“We felt left out in the cold. I have no understanding why the government has added these methods of their own volition. It defies logic.”The comments come after Mercorella sent an open letter to landlords on 14 April, claiming the temporary legislation would leave them “footing the bill” without any way of recouping lost rental income.“Put simply, a rent reduction negotiated with your tenant is a permanent rent waiver meaning you, as the landlord, will be out of pocket, with no means of recovering any unpaid rent in the future post COVID-19,” the letter stated.The REIQ expressed concern that tenants wouldn’t have to provide proof of financial hardship to request reduced rent; that landlord insurance wouldn’t cover for rent arrears, and that tenancy agreements would automatically be renewed if expired during the crisis period.The Real Estate Institute of Queensland is “bitterly disappointed” by the government’s proposed measures. Picture: realestate.com.auMercorella told realestate.com.au, Minister de Brenni didn’t want to see tenants selling assets, accumulating debt or dipping into their super, but “ultimately, that’s what owners will be having to do”.“We accept there will have to be some financial distress for owners, but this protection package is solely to protect the tenant; [the package] literally deserts owners with all of the pain, the risk and the heavy-lifting.“It just goes too far.”The REIQ has launched a “grassroots” campaign urging anyone concerned to send a letter to Minister de Brenni, or their local MP via a template on their website, ahead of Parliament sitting on 22 April.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:03Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:03 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhat does COVID 19 mean for the property market?02:03“Process to ensure no party gets ripped off”Two days after the REIQ’s open letter went out, Minister de Brenni’s office released a statement saying there had been “some misinformation” around the plan, which strives to “sustain tenancies during the COVID-19 pandemic period as this is the best possible outcome for owners, property managers and tenants.”The statement added “an increased set of grounds” for property owners to be able to take back their property – including the need to move in or sell, as well as any damage or anti-social behaviour that breaches the rental agreement.“It is plain wrong to say that our framework allows tenants to unilaterally demand a rent reduction, or leave the property without first proving they have lost their job and are in significant hardship,” Minister de Brenni said.“What is true, is that tenants affected by income loss due to coronavirus can apply for Commonwealth income support and ask to negotiate a temporary and fair rent reduction, which will be supported by an independent conciliation process to ensure that no party gets ripped off.”The government says the framework and guidelines are “designed to protect property owners by ensuring there is complete clarity.”Tenants Queensland is calling for both sides to work together. Picture: realestate.com.au“Good for owners”: tenants unionPenny Carr, CEO of Tenants Queensland, said rent deferrals are not the answer and welcomes the government’s proposed tenancy protections.“We support them and think they’re good for owners. There’s a lot of tenants who were already struggling with rental affordability before COVID, so there needs to be a facilitated process to put a framework around those negotiations that don’t work,” Carr said.“Most owners would prefer to have some rent coming in than not. [The measures] are also preventing people from moving around the community, as a public health issue.More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours ago“What the REIQ wants is for rents to stay up and for the government to put money in the hands of tenants, but a deferral is not how they’re going to manage this crisis. Everyone is going to have to shoulder some of the burden.”Carr said 30 per cent of tenants are already in affordability crisis and deferring payments would accumulate debt they may not be able to pay down the line.“It’s a shame the Federal Government and banks haven’t stepped in to take some more of the load. It would be great to hear the real estate industry place their advocacy there,” she said.“[This situation] is nobody’s fault so we all need to work together.”Queensland’s real estate industry has a “high level of concern” about the scheme. Picture: realestate.com.au/rent“Where’s our safety net?”Luke Buffier, a Gold Coast-based landlord who rents out a two-bedroom unit in Buderim, said the proposal is a “knee-jerk reaction” and leaves the system vulnerable to exploitation.“I feel strongly that people truly suffering should receive help. But if this legislation passes as proposed, and tenants don’t have to show cause for economic hardship, this would open the system up to abuse,” Buffier said.“There’s a bit of a perception out there that all landlords are wealthy, multiple property-owning fat cats.“That’s not the case for me, and not the case for people I know – we’re all struggling in our own way to pay mortgages, even before the pandemic. This legislation doesn’t suitably reflect the landlords that own these properties.“Where’s our safety net? Hopefully our democratic process goes through its due course.”Read next: How are the states and territories helping renters?last_img read more

first_imgGreece-based containership owner Costamare is looking to collect USD 115 million from a share offering to finance possible vessel acquisitions.The offering of 4,600,000 shares of 8.875% Series E preferred stock was priced at USD 25.00 per share. The company has also granted the underwriters a 30-day option to purchase up to an additional 686,000 shares.Costamare informed that the gross proceeds from the offering, in the amount of USD 115 million, assuming the underwriters do not exercise their option, would be used for general corporate purposes, which may include vessel acquisitions or investments and repayments of indebtedness.Members of the Konstantakopoulos family, who in the aggregate own a majority of the common stock of the company, have agreed to buy USD 7.5 million of shares at the public offering price.Following the offering, Costamare intends to file an application to list the Series E preferred stock on the New York Stock Exchange.The offering, which is subject to customary closing conditions, is expected to close on or about January 30, 2018.last_img read more

first_imgGreek shipping firm Navios Maritime Holdings has sold its ship management division and certain general partnership interests to N Shipmanagement Acquisition Corp. and related entities, affiliated with the company’s Chairman and Chief Executive Officer, Angeliki Frangou.The company received aggregate consideration of USD 20 million and new five-year service agreements under which NSAC will provide technical and commercial management services at fixed rates and administrative services, reimbursed at allocable cost.As a result of the transaction Navios Maritime Holdings is a holding company owning dry bulk vessels and various investments in entities owning maritime and infrastructure assets, while NSAC owns all entities providing ship management services.The company said it would pay a fixed rate of USD 3,700 per day per vessel, which will cover all technical and commercial management services and operating costs, other than dry-docking and special surveys, adding that the rate would be fixed for a two-year period and is set to increase thereafter by 3% annually.Additionally, NSAC will own the general partner interests in Navios Maritime Containers and Navios Maritime Partners.Furthermore, Navios Maritime Holdings simultaneously entered into a secured loan agreement with NSAC whereby the company agreed to repay NSAC USD 125 million over a five-year period.In general, the amount owed reflects the excess of the liabilities of the ship management business, other than liabilities the assumption of which forms part of the consideration for the Transaction over, and the short term assets of the ship management business.Of the amount owed, USD 47 million will be repayable during the first 12 months in equal quarterly installments, with the remaining principal amount repayable in equal quarterly installments over the following 48 months.Navios Maritime Holdings said that the closing of the transaction occurred with the execution of the definitive transaction agreements.last_img read more

first_img Share Share Tweet LocalNews ‘Governments come and governments go, but you the police officer will remain’ by: – September 29, 2011 66 Views   2 commentscenter_img Share Sharing is caring! Attorney General Mr Levi Peter.Attorney General Levi Peter has encouraged police officers to bear in mind the principle objects of their training in keeping with their theme ‘Learning from our past, embracing our present, shaping our future’.Mr Peter in delivering the feature address at the opening ceremony of Police Week on Monday evening reminded officers that they should safeguard citizens and the society without categorization of any kind as stated in their principle objects.“The principle objects of the police are the prevention and protection of crime and I believe it can be added to that the preservation of life and property. To my mind this denotes protection of the society as a whole, devoid of any categorization or demarcation whether religious, ethnic, political, or otherwise. I recall that the nature of the police training course was and I presume still is; governments come and governments go but you the police officer will remain.”Mr Peter further urged member of the Commonwealth of Dominica Police Force to use the information imparted to them during training school as a guide to learn from their past and shape their future.“Whether it’s individual police officers or as an institution when buffeted by the forces arrayed against you, you the police will do well to remember the wise word of caution from your training school days. You should use those words to guide you and aid you as you learn from our past, embrace our present, shape our future,” he said.The attorney general further informed his former colleagues that he understands the onerous task with which they are faced, the sometimes unjustified criticisms and demands of society, but asked whether they fully understand the challenging circumstances under which they must work. “I would like to think that I fully understand the demands society places upon you the men and women who commit to the thankless task of serving and protecting our nation, that I understand the loneliness of sentry duty in the dead of night, the sense of indignation and injustice occasioned by denigration, wrongful and unfair criticism; the injustice of those who have never risked and will risk even a fingernail far less their very life, but who are all too ready to heap criticism and judgment upon you, I get it. The question is more to the point, do you?”Mr Peter impressed upon the police officers that the need to remain true to their duty and ensure that justice is done for all.“If you do, you will realize that even in the midst of all the unjustified criticism and your corresponding justified feelings of hurt angst, as police officers you have a duty, a responsibility to remain focused, to remain true to your calling and to your oath to serve without favour or ill will,” he said.According to Mr Peter the ability to remain focused despite undue criticism ‘is indeed an onerous task; it most certainly is not one for the faint hearted’ however this is what ‘separates the mature from the immature, the boys and the girls from the men and the women are you able even in the midst of difficulties to rise to the challenge and learn from our past, embrace our present, shape our future.’Dominica Vibes Newslast_img read more

first_img 125 Views   2 comments Share Share Share LocalNews PM Skerrit wants supporters to construct “home” for DLP by: – May 23, 2012center_img Sharing is caring! Tweet Dominica Labour Party delegates and supportersThe Dominica Labour Party which has been in existence for fifty-six (56) years may soon have a “modern, state of the art home” which they can call “home” based on a challenge issued by its leader.Political leader and Prime Minister of Dominica Roosevelt Skerrit told the party’s annual delegates conference in St. Joseph on Sunday that this should be a priority for the party in their quest to take the party to the next level.“One of the first undertakings that come to mind, and which is near and dear to my heart, is the acquisition of our own home or headquarters. I do not know how much more time I have as your Political Leader, but I will consider it a major failing if I do not, by the end of my tenure, provide this party with a place to call “home,” he noted”. Dominica Labour Party delegates and supportersAccording to him, that “home” should not be limited to party activities but serve as a research area for persons interested in gaining knowledge about the DLP.“I need a home and sophisticated headquarters for this party. I would like to see a research unit in our party, where persons can go and familiarize themselves with the history of this organization and the outstanding contributions of its founding fathers.I want a facility that reflects the hard work and sacrifice of the members of this party”.He challenged them to form a building committee with a view designing a facility where even future delegates conferences can be held.“I want us to embark on a series of activities to raise funds towards the construction of a modern, state of the art headquarters for the Labour Party. It must be large enough to hold conferences such as this. It must be a place of learning, where people can assemble regularly and be enlightened. I envision a place where school children can do their homework and where the less fortunate can drop by for a little sustenance every now and then”. Mr. Skerrit noted; “No great political party in the 21st century should still be operating out of a little rented office in the highly congested city of Roseau” which is where the DLP’s headquarters has been located for several decades. Dominica Vibes Newslast_img read more

first_img Share Share Share Tweet Sharing is caring!center_img 13 Views   no discussions LocalNews OECS heads approve appointment of new chief justice by: – June 19, 2012 Prime Minister Roosevelt Skerrit. (file photo)The appointment of the next Chief Justice of the Eastern Caribbean Supreme Court has been approved, but the name will be announced by the chairman of the O.E.C.S at a subsequent time.The OECS Authority at the recent 55th Meeting of OECS leaders in St. Vincent and the Grenadines approved the appointment of a new Chief Justice of the OECS Supreme Court who is set to assume the office following the retirement of the current Chief Justice, His Lordship, the Honourable Sir Hugh Rawlins. Prime Minister Hon. Roosevelt Skerrit who represented Dominica at the St.Vincent meeting spoke to the Government Information Service on Tuesday June 19, 2012 about the decision.“As you know Sir Hugh Rawlins has indicated his intention of emitting office at the end of July of 2012 and the O.E.C.S heads wanted to ensure that we have somebody to assume the post of Chief Justice on the same day that Sir Hugh Rawlins would have emitted office. I am not in a position to indicate who that person is, but the chairman of the O.E.C.S will inform the O.E.C.S at the appropriate time of that particular person”.The Dominica Prime Minister said from all reports that person who is likely to replace Sir Hugh Rawlins is eminently qualified to hold the post. The Prime Minister also confirmed that a number of considerations were put forward in selecting and the person who will be appointed as Chief Justice of the O.E.C.S Supreme Court.OECS leaders also agreed to the appointment of a Director General of the Eastern Caribbean Civil Aviation Authority. The names of both appointments will be released in due course.Government Information Servicelast_img read more

first_img Loading… “I think it’s so important for us to start building that momentum again and get that winning feeling back.” I [just wanted to] get good contact and I felt like as soon as it left my boot, I knew it was going in. Read Also:Liverpool’s victory over Leicester City, perfect performance – Van Dijk “It’s a dream come true, really,” he reflected. “Being here since the age of seven, it’s something you dream of, scoring, especially in front of the away fans at such a place. It’s a really nice feeling. “I [just wanted to] get good contact and I felt like as soon as it left my boot, I knew it was going in.” FacebookTwitterWhatsAppEmail分享 Academy graduate, Hamza Choudhury, cited Leicester City’s clinical attacking as a catalyst in their 3-0 Premier League victory over Newcastle United on Saturday. Choudhury scored his first goal for the Football Club during the win to add to Ayoze Pérez’s opener and brilliant effort from James Maddison. Delighted with his side’s response to their losses to Manchester City and Liverpool, Choudhury felt the Foxes delivered a professional performance on Tyneside. Choudhury told LCFC TV: “It’s always a difficult place to come, St. James’ Park, but we came here, and we showed our professional attitude again and how ruthless we can be when we start well, and performed to [the level] that we should. It’s a massive three points. “After I think the spell we had, on the back of two tough results against two very good sides, it was important for us to bounce back when the games are against the teams that are below us.Advertisement Promoted Content6 Incredibly Strange Facts About HurricanesBest & Worst Celebrity Endorsed Games Ever Made13 kids at weddings who just don’t give a hootWhat Is A Black Hole And Is It Dangerous For Us All?Everything You Need To Know About Asteroid Armageddon20 “The Big Bang Theory” Moments Only A Few Fans Knew About2020 Tattoo Trends: Here’s What You’ll See This YearTop 7 Best Car Manufacturers Of All Time5 Of The World’s Most Unique Theme Parks7 Train Stations In The World You Wish To Stay At Longer8 Superfoods For Growing Hair Back And Stimulating Its GrowthPlaying Games For Hours Can Do This To Your Bodylast_img read more

first_imgThe Batesville Varsity Tennis team defeated Connersville 3-2 on Thursday to move to 12-0 on the season and win the EIAC with a perfect 7-0 record.Lleyton Ratcliffe won in singles along with the doubles teams of George Ritter/Cooper Williams and Ben Rodgers/Lane Oesterling.In JV, Batesville won 3-1. Brayden Worthington and Grant Story won in singles, while the doubles team of Sam Voegele and Seth Gausman won in doubles. The JV is also 12-0 on the season.Batesville will compete in the Whiteland Invitational on Saturday.Courtesy of Bulldogs Coach Mike McKinney.last_img read more

first_img A victory against the Spaniard’s former club would lift the Latics out of the bottom three on goal difference with two games to go, but Martinez insists being there on the final day of the season is what really counts. “I never really take much notice of landmarks but 150 games is an incredible number,” said Martinez. “There’s not many managers who have done it, put it that way. At 39 to have that honour is very satisfying but football is not about managers or landmarks it is about reaching our aim. There are nine points still available for us and that’s our main focus right now.” Wigan manager Roberto Martinez takes charge of his 150th Barclays Premier League match for the club on Tuesday night but insists the only landmark he is interested in is a ninth successive season in the top flight. He added: “We’re not viewing the (Swansea) game simply as a chance to move out of the bottom three. “Each week the table has its twists and turns so for me the only thing to focus on is the opportunity to add more points to our tally. “When May 19 comes around that’s when we’ll focus on the table with a points tally that will help us achieve our aims. “But it’s certainly pleasing to see a real continuity in our performances. “The last four games have seen displays of the highest order and that’s when you need to take three points.” Midfielder James McArthur is set to return having been rested for Saturday’s vital 3-2 win over West Brom. The Scotland international still played his part at the Hawthorns, scoring with his first touch after coming on as a substitute and then heading off the line in the dying seconds. center_img Press Associationlast_img read more

first_img Edinburgh looked the more creative side as a deft kick from Hidalgo-Clyne gave Fife a change to stretch his legs, but the winger knocked on when trying to gather the ball. Hidalgo-Clyne missed a difficult penalty attempt from the left but the defensive duties for Connacht were taxing, especially as they were camped in their own half for long spells. With replacement prop Bealham sin-binned for not rolling away, Hidalgo-Clyne drove over an excellent penalty from distance under intense pressure. It proved to be the decisive score in the end as the Scots contained Connacht right to the finish. It was Edinburgh’s first away victory in the Guinness Pro12 since the opening round in September, and puts them back within reach of the top six. Much of this weather-beaten encounter was fought out between the forwards, with referee Leighton Hodges having the most influence during a scrappy first quarter. Denton was caught offside at a ruck but Nikora watched his penalty effort bounce back off the crossbar and it was Edinburgh who opened the scoring 16 minutes in. A slashing break from Dougie Fife brought the Scots right up to the try-line and the pressure told following a tapped penalty, with Denton burrowing over from close range. Hidalgo-Clyne added the conversion. Connacht replied within seven minutes, Nikora nailing a left-sided penalty after a half-break from Bundee Aki. The hosts were pinned back by some clever kicking from Hidalgo-Clyne until late in the half when Rodney Ah You and captain John Muldoon spearheaded some strong carries. Edinburgh openside Hamish Watson was also throwing himself about to good effect but Connacht were quick to capitalise on the sin-binning of Toolis four minutes before the break. The second-rower was penalised for not rolling away after an Ah You charge and the resulting penalty saw Connacht dominate a five-metre scrum to earn a penalty try which Nikora converted. The New Zealander also tagged on a penalty with the last kick of the half. However, the visitors opened the second half with two well-struck Hidalgo-Clyne kicks, punishing infringements by props Dennis Buckley and Ah You. With the elements behind them, Connacht needed to be further ahead than 13-7 at half-time. A 37th-minute penalty try – straight after Ben Toolis’ yellow card – cancelled out David Denton’s earlier try, with Miah Nikora kicking the rest of the hosts’ points. Two penalties from Sam Hidalgo-Clyne erased Connacht’s lead by the 49th minute and the Edinburgh scrum-half slotted the match-winning penalty with 10 minutes left, while Connacht’s Finlay Bealham was in the sin-bin. Connacht’s eight-match unbeaten home record this season was ended by Edinburgh who triumphed 16-13 in very wet and windy conditions at the Sportsground. Press Associationlast_img read more