Central Coast Business Review November 2022

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November 2022

Published monthly (except January)

State Opposition Commits to Gosford Waterfront redevelopment Feds commit to $17.2 million Food Manufacturing and Innovation Hub in Budget Mirait wins major contract as part of $80 million project Chamberlain’s focus on sustainability McConaghy Boats delivers 56-foot SY Vasara

Waratah Super Battery for Munmorah CENTRAL COAST ECONOMIC REPORT PAGE 14

Page 4 – Edgar Adams’ Editorial – Coast hung out to dry

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CON T EN TS

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In this issue Business news 5 Waratah Super Battery for Munmorah 6 Alaysha Energy to build Waratah Super Battery 6 New owner for Vales Point Power Station 7 Chamberlain’s focus on sustainability 8 Mirait wins major fibre backbone contract 9 McConaghy Boats delivers 56-foot SY Vasara 10 Feds commit to Food Manufacturing and Innovation Hub 10 Minister launches Central Coast Regional Plan 2041 10 State Opposition commits to Gosford Waterfront redevelopment

13 Evoke Projects locates at Nexus 13 Martin Family takes over at Erina Leagues 14 Gosford sewer upgrade now well underway 14 Council’s Façade Improvement Support Programme to open 16 CENTRAL COAST ECONOMIC REPORT Coast economy in decline

20 What does a day’s work actually mean and what are the maximum hours in a shift?

21 Time is running out to register for mandatory Director ID numbers

Regular features 4 Edgar Adams’ Editorial Central Coast hung out to dry

12 David Harris MP opens Peter Jackson

12 Business Briefs 14 Central Coast Council news

12 New tenants at Erina Fair

18 Property news

13 Erina real estate agents change

21 Business tips

franchise – now Harcourts

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19 Property sales and leases report

11 Missing Link a well executed success Menswear at Erina Fair

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22 Funny business

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Central Coast Business Review Central Coast Business Review is a Registered Trade Mark of Adams Business Publications Pty Ltd P.O. Box 3259, Erina, NSW 2250 Phone: (02) 4367 0733 Fax: (02) 4367 0744 Email: info@ccbusinessreview.com.au Typesetting by Graphic by Design ph (02) 4365 6777 Print & Distribution by Bromley Direct ph 0412 439 773 © Adams Business Publications 1994. All rights reserved.

Reproductions in any part prohibited. While every effort has been made to ensure all information in this magazine is accurate, no responsibility will be accepted by the publisher, Adams Business Publications. The producer accepts no responsibility for illustrations or photographs supplied by organisations or individuals and/or typographical errors.

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CENTRAL COAST BUSINESS REVIEW NOVEMBER 2022

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EDITORIAL

Edgar Adams discusses local issues

Coast hung out to dry – State Government abandons Central Coast WITH A STATE Election due in March 2023 CCBR is reviewing the support that Central Coast has received over the twelve years that the Liberals have been running this state.

Not much is the short answer.

Apart from $600 million for Gosford Hospital, a $20 million contribution to the $72 million University of Newcastle Central Coast Medical School and Research Institute, $200 million on a new Wyong Hospital, $16 million for the new Warnervale Primary School, $640 million on major roads, $42 million for water and sewer upgrades in Gosford CBD and $10 million for a new Leagues Club Park on Gosford waterfront.

Meanwhile this state government during the term of its life has invested billions of dollars in Western Sydney, in new highways and trains, the Aerotropolis, football stadiums and more.

Added to this has been the mega millions invested in six Education and Employment Precincts but only a miserable $18 million for the Gosford Education and Employment Precinct announced as a promise at the last state elections by Premier Berejiklian.

As an indication of this government’s largesse to Western Sydney in August the Government announced $157 for a Trade Hub at Meadowbank, $60 million for a footpath from Sydney Opera House to Parramatta Park. In June the Government

crowed about the $1.3 billion they have handed Western Sydney for roads and major infrastructure projects.

In April this government handed $5 billion to the WestInvest Fund to “help fund and deliver transformation projects that will enhance communities and help create jobs.”

Right from the start in March 2011 it became obvious that this government would have a total focus on Western Sydney. When they came into government the Liberal Party leader, Barry O’Farrell, Member for the Upper North Shore electorate of Northcott that subsequently became Ku-ring-gai, became Premier and appointed himself Minister for Western Sydney.

When Mr O’Farrell fell on his sword, Member for Manly, Mike Baird became Premier and continued as Minister for Western Sydney. When he resigned in 2017 Gladys Berejiklian, Member for Willoughby (a North Shore suburb), became Premier and appointed Member for Penrith Stuart Ayres Minister for Western Sydney until December2021 and now Member for Baulkham Hills David Elliott is Minister for Western Sydney.

This is evidence that the NSW Liberal Government has had a total focus on Western Sydney even though a vast swathe of this region is strongly Labor.

As we move towards the March 2023 State Election the State Opposition under their Leader, Chris Minns and Parliamentary Secretary for the Central Coast, Member for

Wyong David Harris the Labor Party has the opportunity to turn the region’s poor economic performance over the past three years (See Pages 16 and 17) around.

The new government has a huge task ahead of it. Under twelve years of Liberal Government we have seen a plethora of legislation and regulations that have stifled investment and development in the region.

Under this government we have seen the cost of getting a residential block of land to market pass $500,000 and then the buyer has to go through the hoops to get a Development Approval for just a 3-bedroom cottage. Absolutely outrageous!

The Coast’s economy has stalled and while we can attribute this to the failed amalgamation of Gosford and Wyong Councils, this government has contributed in no small way and is equally culpable, if not more so.

As we move into election mode both parties are going to have to convince the people of the Central Coast that they understand the underlying issues confronting us all.

Edgar Adams Editor

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BUSINESS NEWS

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Waratah Super Battery for Munmorah

Image of proposed Waratah Super Battery on the former Munmorah Power Station site THE SOUTHERN HEMISPHERE’S largest network battery will be built at the site of the old Lake Munmorah Power Station.

Treasurer and Minister for Energy Matt Kean announced the decision in early October saying that the Waratah Super Battery will act as a “shock absorber” for the electricity grid.

The Waratah Super Battery will be the biggest network battery anywhere in the Southern Hemisphere,” said Mr Kean.

The Waratah battery, which is sized at 700MW and two hours of storage, is primarily focused on expanding network capacity and will act as a “shock absorber” that will allow more power to be delivered to major demand centres.

The announcement comes after Origin Energy gave notice in February of the pro-

posed closure of its Eraring power station in August 2025.

The project was granted Critical State Significant Infrastructure status earlier this year.

Construction is expected to begin in early 2023 and to be completed by mid2025 in advance of Eraring’s earliest closure date.

The Waratah Super Battery will be connected to the grid by Transgrid, following $150 million in upgrades and $30 million for a control system, to ensure energy security following closure of the Eraring Power Station.

“The Waratah Super Battery will drive up to $1 billion in private investment in new energy storage and associated network upgrades, generating more than 100 jobs in

Munmorah Power Station prior to demolition, now the site for the Waratah Super Battery the Hunter and Central Coast regions,” said Mr Kean.

Along with Vales Point Power Station, the now demolished Lake Munmorah Power Station has a long history in energy generation on the Central Coast.

Across business, property, criminal, family law and wills & estates law, our teams include

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BUSINESS NEWS

Akaysha Energy to build Waratah Super Battery

Akaysha Energy Managing Director, Nick Carter ONLY A WEEK after announcing that the Waratah Super Battery would be located on the former Lake Munmorah Power Station site with the power station now demolished The Energy Corporation of NSW (EnergyCo) announced that battery storage start-up, Melbourne based Akaysha Energy (recently purchased by US investment giant BlackRock) had won the contract to build the super battery.

Akaysha will be responsible for the construction planned to commence in March 2023 and be completed by December 2024.

Akaysha Managing Director, Nick Carter told CCBR that during the construction phase over 300 people will be employed directly and indirectly. On completion it will take 20 – 30 people to operate for maintenance while operator Transgrid will employ many more.

The battery hardware will be provided by US-based Powin LLC and built

by Granville, Sydney electrical engineers, Consolidated Power Projects Australia.

New owner for Vales Point Power Station

Vales Point Power Station is located on the southern shore of Lake Macquarie near Mannering Park on the northern border of the Central Coast The days when the Central Coast was a significant electricity generation region for NSW may be returning.

Two recent announcements concerning the Vales Point and Munmorah power stations have highlighted their continuing value as centres of electricity generation and distribution. (See also, Waratah Super Battery powers up at Munmorah Page 5) Munmorah is also home to a 667 MW gasfired power station, Colongra Power Station, opened in 2009 at a cost of $500 million.

Colongra, was acquired by Snowy Hydro in 2015.

In mid-September it was announced that Vales Point Power Station owner, Delta Electricity, had agreed to a 100% sale to Sev.en Global Investments (Sev.en), a family owned investment group from the Czech Republic with a core focus on the Energy and Mining sectors.

Commenting on the sale, Chief Executive

of Delta Electricity, Greg Everett said “The proposed acquisition of the Delta Electricity Group by Sev.en is a positive development for Delta and its stakeholders. Sev.en has shown a clear interest in energy businesses in Australia, ensuring that it is well placed to provide reliable generation through the energy transition.”

“This will benefit customers, employees and system security for all energy users”, he said.

Delta Electricity is a provider of electricity to approximately 11% of New South Wales and together with Sev.en’s prior investments in Australia, this investment will strengthen its position as one of Australia’s significant electricity businesses” he said.

Chief Executive of Sev.en, Alan Svoboda added “We are excited to consolidate and take over the ownership of Delta Group.

With this acquisition we will significantly strengthen our presence in Australia.

Sev.en Group is a global operator of conventional power plants. We make strategic investments with long-term commitment.

We always look for ways to make our business more sustainable, support the local communities and take care of the employees.”

Sev.en holds a 50% interest in InterGen N.V. which has interests in the Milmerran and Callide power stations in Queensland.

Sev.en currently operates four gas-fired power plants in the United Kingdom. In the United States, Sev.en owns one of the largest met-coal producers Blackhawk Mining, LLC and operates nine metallurgical and thermal coal mining complexes in West Virginia and Kentucky As is normal with a transaction of this nature there are various government approvals and consents that are required and it is expected that, subject to these approvals, the transaction will complete in the coming weeks.

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BUSINESS NEWS

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Chamberlain’s focus on sustainability IN 2007 THE Chamberlain Group Inc, the largest manufacturer of automatic garage door openers in the world, acquired West Gosford manufacturer Grifco®, an industry leader in the manufacture of commercial and industrial door operators that originally started in 1914.

Since then, the Chamberlain Group has grown the business and become a shining example of new-age manufacturing in Australia.Since then, the Chamberlain Group has grown the business and become a shining example of new-age manufacturing in Australia.

Under the management and the vision of Director of Operations and Business Development, Graeme Sheekey, Chamberlain Group has embraced sustainability as an essential element in the manufacturing of every product they make.

This was highlighted in 2022 when they won the prestigious Hunter Manufacturing Association’s Excellence in Sustainability Award against a field of heavy hitters from the Hunter, Central Coast and New England regions.

“As a successful NSW manufacturer based on the Central Coast, we found ourselves in a very good position to do the right thing by giving back to our community by looking after our environment,” said Mr Sheekey.

“More importantly though, to put plans in place to ensure our company is successful into the future and provide secure worthwhile jobs for all of our employees.”

Earlier, in 2020, Chamberlain launched their Sustainability Strategy and created a policy statement that spans the entire product cycle so it is embedded in the com-

CNC Robotic Machining cell with Graeme Sheekey Chamberlain Group Director of Operations and Business Development pany’s Business Strategy and day-to-day operations.

This Strategy set out four high level goals to be achieved by 2025: • Carbon Neutral, • 100% recyclable packaging, • Zero waste to landfill from their manufacturing facility, and • Eliminate single use plastics.

Chamberlain’s Sustainability Strategy had its origins with the introduction of Lean Manufacturing process Mr Sheekey had introduced a number of years earlier Lean manufacturing is a production process based on an ideology of maximising productivity while simultaneously minimising waste within a manufacturing operation. The lean principle sees waste is

anything that doesn’t add value that the customers are willing to pay for.

Chamberlain drives continuous improvement programmes for the environmental sustainability of their products, processes and services. This includes: • Energy and water conservation, • Reduction or recycling of waste materials CONTINUED ON PAGE 8

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BUSINESS NEWS

Chamberlain’s focus on sustainability CONTINUED FROM PAGE 7

as resources, • Prolonging product life span, and • Provide effective and convenient equipment recovery solutions.

As an example, all soft packaging is recycled into long life plasma fence posts for farms, all pallets go to BORG ReDirect Recycling and recycled into panels for joinery applications and product packaging has been redesigned to eliminate the use of polystyrene.

Local packaging company, Phoenix Packaging Solutions designed and manufacture all Chamberlain’s cartons that are also printed with a water based ink to enable them to be recycled after use.

Additionally, new more energy efficient machinery has been installed including robots and state-of-the-art laser cutters.

Mr Sheekey said the company is ahead of their forecasts to reduce carbon emissions by 89% by the end of 2023. “We are well on our path to become a zero waste to landfill manufacturing facility by 2025,” he said.

“We found our employees want to work for a socially responsible company that understands the importance of sustainability and they are encouraged to contribute by having a voice for their ideas to be heard and implemented.

In recent years Chamberlain, in partnership with Central Coast Industry Connect has established the Central Coast Circular Economy Committee aimed at influencing and driving change in the manufacturing sector on the Central Coast.

Mirait wins major fibre backbone contract

Map showing Vocus fibre network (blue), Project Horizon (red) and proposed link to Singapore (yellow) TUGGERAH BASED MIRAIT Technologies Australia has won the contract to provide design and construction services for the first competitive fibre backbone between Perth and Port Hedland West Australia.

To be built by one of Australia’s largest fibre and solutions providers, Vocus, the undertaking, which is the first major project under their $1 billion investment programme, known as Project Horizon, is on schedule to begin deployment before the end of this year.

Project Horizon, when completed will will establish a new 2,000km, 38 Terabitper-second fibre route through Australia’s resources region, closing the gap in Vocus’s national fibre backbone connecting all mainland capitals.

The $80 million cable will be the company’s biggest terrestrial network deployment in over a decade and is the first stage of the $1 billion programme.

At Port Hedland, Project Horizon will interconnect with Vocus’s Project Highclere, a planned $100 million, 40Tbps submarine cable between Port Hedland and the Australia Singapore Cable.

Mirait Technologies Australia was founded in 2014 with Japan’s Mirait Technologies Corporation’s investment in CCTS Constructions initially established in 1999.

Mirait CEO Kerry White said, “Mirait are extremely pleased to be selected by Vocus as their key delivery partner and to design and construct Project Horizon. The completion of this crucial link will close the gap in Vocus’s national fibre backbone network.”

Mirait Technologies Australia CEO Kerry White

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BUSINESS NEWS

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McConaghy Boats delivers 56-foot SY Vasara NORTH GOSFORD BOAT builder, McConaghy Boats has announced the delivery of their latest build to its owner in San Francisco.

Vasara, a 56-foot full-custom yacht has been designed and built to ISO Ocean Category A and the offshore Category 1 of the World Sailing Offshore Special Regulations.

Designed by San Diego naval architects Reichel/Pugh Yacht Design and structural McConaghy Boats’ latest build SY Vasara sailing off San Francisco – engineering by PURE Design Photo courtesy of Andrea Francolini & Engineering a New Zealand again work with McConaghy. Our first based engineering consultancy specialising project with McConaghy was the 50’ if the design of advanced composite strucAbracadabra in 1988, which went on win tures, Vasara’s design includes many aspects the 50’ World Championships. Since then, to allow it to effortlessly convert between a McConaghy has built many of our winning comfortable family cruiser to an elite racer. designs including the Maxi 100’ Wild Oats “Adhering to carefully calculated weight XI, a nine-time Line Honours winner of the requirements was a crucial factor in the Rolex Sydney to Hobart classic and the 100’ build. Vasara was built for performance and Black Jack (formerly Alfa Romeo), the 2021 McConaghy’s experience in this field was Sydney to Hobart Line Honours victor.” essential to the successful outcome, said Mr Desjardins said, “we were thrilled to McConaghy Boats General Manager Eric work with Reichel/Pugh on this high-profile Desjardins. project. We were able to provide a competiThe layout features a master cabin fortive solution and guarantee high quality ward, a central saloon with a lounge and finishes. Vasara bears all the reliability and dining area to port, and a navigation desk strength that is synonymous with the to starboard. The saloon is open plan to McConaghy name.” galley along with two guest cabins and a McConaghy employs 40 people at their bathroom.

North Gosford shipyard including four Commenting on the build, Jim Pugh, apprentices.

President of Reichel/Pugh said, “the Vasara West Gosford hydraulics company Central project was a wonderful opportunity to

Coast Hydraulics & Engineering were one of the many project suppliers.

Founded by John McConaghy in 1967 McConaghy Boats is a world leader in composite boat construction. They relocated from Brookvale Sydney to North Gosford in 2017 and at that time had eighteen employees.

Defence and aerospace capabilities

Eric McConaghy Boats’ General Manager Eric Desjardins, at Land Forces 2022 McConaghy Boats recently participated in the NSW Government’s initiative to promote defence and aerospace industries through their Land Forces 2022 showcase highlighting world-class businesses with these capabilities in NSW. With the need for light weight, corrosion and fatigue free components being a key performance indicator for industrial, marine and military applications, McConaghy is looking to expand their network displaying their capabilities to potential clients.

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BUSINESS NEWS

Feds commit to Food Manufacturing and Innovation Hub

Shadow Minister, now Minister for Industry and Science, the Hon Ed Husic MP and Member for Dobell Emma McBride (centre) announced in late May that a Labor Government would support the Food Manufacturing and Innovation Hub if elected to government CENTRAL COAST INDUSTRY Connect (CCIC), the Central Coast’s lead manufacturing industry body, was pleased to see that $17.2M had been allocated to the region, for its Food Manufacturing and Innovation hub in the Federal Budget.

A strategic business case for the hub was developed by CCIC late last year with the assistance of Food Innovation Australia Limited and major industry partner TrendPac. The business case had support from regional stakeholders including Regional Development Australia Central Coast, the University of Newcastle and major food manufacturing companies Sara Lee, Mars Food, Sanitarium and Agrana Australia.

It became an election commitment by the now Federal Labor government, after support was given for the project, from Local Member for Dobell Emma McBride and then Shadow Minister for Industry and Innovation, Ed Husic MP. The project will provide a purpose-built facility to house scale up food businesses, a range of pilot facilities and a skills hub servicing the local food and beverage manufacturing sector. It is designed to grow the local food sector and attract food manufacturers from outside the region.

Executive Director of CCIC, Frank Sammut, said, “The Coast has a strong food and beverage manufacturing presence contributing $1.4 billion in output to the region.

This is a key element in the establishment of a Food and beverage manufacturing ecosystem in the region” Coupled with the work CCIC is doing with Star Scientific on hydrogen to produce heat for food processing and our work in managing the industry’s food and trade waste, this project will put the Central Coast on the map as a major contributor to the national food processing industry by becoming a competitive food manufacturing and innovation destination.

Minister launches Central Coast Regional Plan 2041 Minister for Planning and Minister for Homes Anthony Roberts has released the finalised Central Coast Regional Plan 2041 today, which will guide the region’s future over the next 20 years and responds to community feedback.

Encouraging more diverse housing, prioritising infrastructure delivery, and revitalising the night-time economy are features of an updated vision for the Central Coast.

“With the region’s population expected to grow by almost 57,000 by 2041, there’s no surprise this booming community is facing housing pressures,” Mr Roberts said.

“Our blueprint identifies actions to boost local housing stock, including encouraging innovative solutions such as tiny homes and 3D-printed housing, and establishing an Urban Development Program Committee to oversee the plan’s implementation.

“The Committee will also monitor the housing supply pipeline and facilitate infrastructure coordination to unlock development-ready land, enabling industry to build more homes in the right areas.

“The Central Coast is one of four areas where Urban Development Programs will be rolled out in response to recommendations made by the Regional Housing Taskforce, with Upper Hunter, Mid-Coast, and the Canberra Region also set to benefit.”

Central Coast Regional Plan 2041

Planning and Environment

Commenting on the Central Coast Regional Plan 2041 he Urban Development Institute of Australia (UDIA) Central Coast welcomed the Minister’s announcement.

UDIA’s Central Coast Chairman Caine King said, “Our region is experiencing a surge in demand and we just don’t have enough housing or employment land to meet the demand. With government investing in highway and rail upgrades, CONTINUED ON PAGE 20

State Opposition commits to Gosford Waterfront redevelopment

Member for Gosford Liesl Tesch, Member for The Entrance David Mehan, Opposition Leader Chris Minns, Member for Wyong and Shadow Parliamentary Secretary for the Central Coast David Harris and Darkinjung LALC Chairman Barry Duncan

NSW Opposition Leader, Chris Minns was in Gosford on Saturday 22nd October to announce that when in Government they would provide the $8.5 million funding that Central Coast Council requires to progress to Stage 2 for the Infrastructure Investment Framework that will see the Gosford Waterfront redeveloped.

Mr Minns said that it was time for the Central Coast to get their fair share of government funding and to make sure that private investment comes into the community.

“The Central Coast has been missing out on essential government funds since the present government came to office almost 12 years ago,” he said.

Also present at this announcement was Member for Gosford Liesl Tesch and Member for Wyong and Shadow Parliamentary Secretary for the Central Coast, David Harris. Both committed to the Gosford Waterfront redevelopment.

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BUSINESS NEWS

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Missing Link a well executed success MISSING LINK SOCIAL Media is a specialist social media marketing agency based at the Mariners Building in Tuggerah with a team of five.

Perry Henderson founded Missing Link Social Media in December 2012 but his story goes back a while before that.

Going back way beyond 2012 when Perry Henderson was in his final years at school he saw the potential of social media marketing and determined to undertake a business degree at the University of Newcastle with a major in Marketing.

At the time Australian universities were not offering any courses in social media so he enrolled at the Michigan State University in the USA and studied social media marketing.

After completing his Bachelor of Business at UON he continued his studies at The Entourage, a business coaching college where he learned world-class sales strategies that would facilitate the growth of his business. He paid for this via a micro loan from the NAB bank.

With this knowledge he established Missing Link Social Media with no money but the drive and determination to succeed.

This meant that he would operate the business by day and work two jobs at night and at the weekend. Importantly he had the support of his family It was a low-risk venture and at that time he was single. Marriage would come a little later.

Additionally, at that time he had few competitors.

The course he undertook at The Entourage taught him the fundamentals of business. “It is all about systems and processes and these enable staff to understand and make day to day decisions enabling me to work on the business and build it,” he says.

He also listened to people and was mentored by his university lecturer Dr Anton Kriz and a year later by Tony Denny the successful businessman who had just set up the Gosford Classic Car Museum. He met Mr Denny because of picking up the Museum as one of his first clients. “I really learned a lot from Tony,” he says.

“Tony was an inspiration, he taught me self-reliance, to look inward for solutions on the basis that no one knows your business better than yourself.”

The DJ agency who he worked for was his very first client and it wasn’t long before he had to move out of home and into an office in the Platinum Building in Erina.

This move enabled him to engage his first employee, Melinda Brennan and that was in 2015 and she continues to be very much part of the team.

Today Missing Link Social Media has 25 customers and in recent years turnover has been growing at 25% year on year.

The Missing Link Team: Willow Boyd, Lisa Henderson, Beau Cantor, Perry Henderson, Hannah Evans, Christopher Lapa (not in photo Melinda Brennan) The business is well along the way to becoming a million dollar a year agency.

In 2019 Missing Link was one of seven Finalists in the Social Media Marketing Institute’s Social Media Marketing Awards in the category Best Small Social Media Agency of the Year.

Having got the business onto a solid footing Perry is now concentrating on balancing it with his family life.

A couple of years after starting the business he married is long time girl friend who has backed him all the way. With three children and recently moving into a new home the Henderson Family needs a father.

Perry’s day starts at 4.00am and he is in the office by 8.00am having completed an hour’s exercise programme, had breakfast followed up on emails and spent time with the family.

He makes a practice of leaving work at

5.00pm to be with his family for the evening meal and to put them to bed.

Commenting on how their service has evolved, Perry says, “A few years ago, we started providing new services to help more of our services-based clients close the loop on the enquiries we were generating for them via social media.

After becoming a Certified Consultant of ActiveCampaign, we introduced email marketing, lead nurturing, and sales CRM setup to our list of services.

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BUSINESS BRIEFS

David Harris MP opens Peter Jackson Menswear at Erina Fair

Member for Wyong and Shadow Parliamentary Secretary for the Central Coast, David Harris MP with Peter Jackson Store Manager, D’lona Kapje at the opening of their new store in Erina Fair Peter Jackson Menswear, one of Australia’s oldest menswear businesses has opened a store in Erina Fair.

The store was officially opened in late October by Member for Wyong and Shadow Parliamentary Secretary for the Central Coast, David Harris MP. Store Manager is D’lona Kapje. Ms Kapje has worked with Peter Jackson for many years opening their Balgowlah and Tuggerah stores.

Peter Jackson is one of Australia’s longest operating menswear retailers in Australia having been established in 1948. The brand has 60 stores nationally.

It is the second store for Peter Jackson on the Central Coast which has had a store at Westfield Tuggerah for some years.

New tenants at Erina Fair Following the closure of the Target department store at Erina Fair, managers Lend Lease have advised new tenants that will fill the space.

They include: • Multinational women’s fashion store, H&M, • Rebel (relocating within the centre), • City Beach (relocating within the centre), • EMF Fitness Centre, • JD Sports – sports fashion, • Glue Store, (youth apparel), • Kidstuff (toys), • Peter Jackson (men’s fashion), and • Dangerfield (clothing) Rebel, EFM Fitness and H&M will open in early December.

The Rebel store will be introducing the first of their new rebel Customer Experience (rCX) to the Central Coast with a much larger format than at their present location.

EFM Fitness is a fitness club franchise group based in South Australia with over 65 clubs nationally. The Erina Fair centre is the ninth in Australia.

For H&M it is their second store on the Central Coast. Their Westfield Tuggerah store that opened in 2019 and spans 2,000

sqm across one level.

In February 2021 H&M announced that they would be shrinking their Australian retail footprint Erina Fair is comprised of some 273 stores including Myer and major supermarkets, food stores and entertainment venues Erina Fair is one of the largest regional shopping centres in Australia with 114,805 sqm of Gross Lettable Area.

Some 9.7 million people visit Erina Fair annually while average spend is $65.46 per person (Source: Shopping Centre News).

CENTRAL COAST BUSINESS REVIEW NOVEMBER 2022

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BUSINESS BRIEFS

Erina real estate agents change franchise – now Harcourts

13

Mark Martin appointed CEO Erina Leagues

Evoke Projects team Kristy and Mark Martin

Harcourts General Manager, Stephen Hickson and CEO Katrina Tarrant with Darren McGowan, Cherie Nelson and Steve McGowan at the opening of the new Harcourts Erina Office National real estate group Harcourts has opened its fourth franchise office on the Central Coast with the opening in early October of Coastside Property Erina.

Operated by Steve McGowan as an LJ Hooker franchise for the past 26 years the move, Mr McGowan said, allows the business to operate into a wider area of the Central Coast rather than being restricted to the Erina area.

Harcourts Coastside Property employs a team of six with Mr McGowan being Licensee and Principal while his son Darren is Sales Manager and Cherie Nelson is Property Manager.

FOR SALE

Locksmith and Architectural Hardware – Avoca Beach

Well known Central Coast restaurant and café operators Mark and Kristy Martin have been appointed Chief Executive Officer and Chief Operating Officer of the Erina Rugby League Club with the brief to breathe new life into the club.

Most recently both opened and operated the Trojans Restaurant & Sports Bar at the Terrigal Rugby Club following its redevelopment two years ago.

Operating as a family team the Martins and their three sons have owned a number of cafes in the Erina and Terrigal areas for almost twenty years.

Prior to that they owned the Balgownie Hotel near Wollongong for a number of years and during the time of the Olympic Games managed the Paragon Hotel and Ship Inn at Circular Quay.

The Martins have brought a number of their long time staff with them to the Erina Club and along with a new chef plan to revitalise the Club’s dining and entertainment offer.

Evoke Projects locates at Nexus Workplace design and construction services company, Evoke Projects, has located their Central Coast Office at Nexus Business Hub at North Wyong leasing 50sqm of space.

Evoke is owned by Jerry Kennard, son of the founder of one of Australia’s leading office furniture manufactures, Neil Kennard who founded the original business in the early 70s and based at Lisarow. His brother Nathan continues to run the family business now known as Burgtec.

Since being established by the Wilde Family some ten years ago Nexus has become the premier Next Generation workspace with serviced offices and co-working facilities.

Nexus provides extensive services for their tenants including meeting rooms, training rooms, video conferencing.

Significantly, Nexus offers 10 Gigabyte internet, the fastest internet on the Central Coast, soon to be upgraded to 100 Gigabyte.

Argyle Estates

Business Brokers Buying or selling a quality business, contact the experts on the Central Coast

Argyle Estates

EST. OVER

40YEARS

024332 6555 argyle@argyleestates.com.au Graham McMullen – Licensee F.A.I.B.B. 0419326555

PRICE ON APPLICATION This quality locally owned and managed business has been successfully operated by the same owner for over 36 years and is offered for sale for the first time as the owner wishes to retire.

The business enjoys an enviable reputation for locking systems and door furniture and is a major supplier of residential and commercial architectural hardware across the Central Coast and throughout Australia working with architects, builders and the general public.

Turnover $900,000+ including Online turnover The current owner will continue to support the new owner Contact: Derek – 0412 437 327

Equip your business with BOQ Erina Financing your equipment with BOQ is simple. Whether you’re looking to grow your business or you have a project that needs new equipment, we’re committed to making the process of financing the equipment you need easy.

Talk to us today!

BOQ Erina Belinda Skepper, Owner-Manager 4372 5300 erina@boq.com.au facebook.com/boqerina boq.com.au Equipment finance is provided by BOQ Equipment Finance Limited ABN 78 008 492 582 (BOQEF). BOQEF is a wholly owned subsidiary of Bank of Queensland Limited ABN 32 009 656 740 (BOQ). BOQ does not guarantee or otherwise support the obligations or performance of BOQEF or the products it offers. Full terms and conditions available at any BOQ branch. Fees and charges are payable. BOQEF’s standard credit assessment criteria apply.

CENTRAL COAST BUSINESS REVIEW NOVEMBER 2022

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CEN T R AL COA S T COUINCIL NE WS

Gosford sewer upgrade now well underway GOSFORD CBD’S WATER and sewer network upgrade project is progressing, with Central Coast Council having started work earlier this year in March and the entire project is expected to be completed by the end of 2024.

Funded by the NSW Government, through the Housing Acceleration Fund (HAF), and part of a $42.5 million funding package; this critical new water and sewer infrastructure for Gosford aims to futureproof the city.

The funding was announced in May 2018 by then Planning Minister Anthony Roberts as part of the Gosford Revitalisation programme.

Council said that, with forecast population growth, this project will enable the development needed to create a fitting capital for the Central Coast.

The Gosford water and sewer project includes: • 66 projects – 43 water projects and 23 sewer projects • Sites stretching from the Gosford waterfront, through the Gosford CBD shopping precinct, to areas in the vicinity of Gosford Hospital and Gosford Golf Course • Works include two new sewer pump stations, new connections to the President’s Hill reservoir zone and to the Gosford Hospital redevelopment, new lower pressure sewer systems to the Gosford Racecourse, and approximately 7.7km of water mains and 6.4km of sewer mains Council Director Water and Sewer, Jamie Loader, said the next phase of transforming Gosford starts underground.

Contractors, Eire Construction carrying out sewer upgrade at Masons Parade, Gosford “Gosford is a rapidly changing city – we’ve seen a number of major developments completed and a great deal more are planned and forecast – so it is vital that we have the water and sewer infrastructure in place to ensure Gosford’s potential is realised,” Mr Loader said.

“Some key works around Gosford Hospital were completed early to meet the demands of the newly upgraded facility, this included increasing pipeline diameters and constructing a ring main around the hospital to improve surety of supply.

“We are now moving forward with the remaining program of works that will be

key to ensuring the revitalisation of Gosford is realised.”

Sewer projects underway from March 2022, include: • Replacement of sewer rising main for pumping stations at Showground Road • Replacement of sewer pump station at Showground Road and associated gravity mains, rising main and PSS works (works will include construction activity at Adcock Avenue, Central Coast Highway, Young Street and Racecourse Road) • Replacement of sewer gravity mains in Mann Street and Masons Parade

Council’s Façade Improvement Support Program to open The Façade Improvement Support Program will provide $120,000 to eligible Central Coast businesses and commercial property owners to enhance their building facades and improve accessibility to their premises with dollar-for-dollar matched funding. Applications will open from 1 November 2022.

Council Director of Community and Recreation Services, Melanie Smith said the program is being piloted at four town centres on the Coast and will contribute to town centre revitalisation and support visitation.

“A total of $120,000 in funding will be available to provide financial

assistance to businesses and commercial property owners located in the town centres of Wyong, Gosford, The Entrance and Toukley,” Ms Smith said.

“This funding will support the enhancement of facades, and improve access, aesthetics, and overall visitor experience. The dollar-for-dollar matched funding will be provided for the cost of works, labour, and materials to a maximum value of $5,000 (ex GST) per property.

This is a pilot program and if it is successful may be able to be rolled out to other town centres across the Coast in the future.”

Council Administrator, Rik Hart said

Council’s Façade Improvement Support Program builds the community’s capacity to take part in revitalisation across the Coast.

“This funding is a chance for our businesses and commercial property owners to take part in revitalising our town centres, by updating their façades and improving accessibility to enable all members of the community to enjoy the amenities on offer.” Mr Hart said.

The program opens for applications on 1 November and closes at midnight on 30 November 2022. To review the funding guidelines and to apply visit centralcoast.nsw.gov.au/grants

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Scan for more information

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CEN T R AL COA S T ECONOMIC REPORT

Coast economy in decline WITH MORE DATA becoming available from the 2021 Census as well as economic data for the Financial Year 2021-22 this is showing a clearer picture of the state of the regional economy.

Gross Regional Product has declined over the past two years after a growth spurt from 2016 to 2019.

It is possible that this could be due to issues around the failure of the Central Coast Council following amalgamation.

However, with millions of dollars of investment capital tied up in delayed Development Approvals (see below) and the region’s major economic driver being the building and construction industry the slowdown in growth while other regions are growing should be cause for concern.

Reflecting this decline the number of employed people in the region has also declined from a high in 2019 after annual increases from 2016.

Gross Regional Product Gross Regional Product is the wealth generated by businesses, organisations and individuals working in the Central Coast.

The past 20 years has seen the region’s GRP increase by 21.9% from $12,426 million to $15,143 million in 2021 (June 30) – around 1% per year.

In the years from 2001 to 2015 growth stagnated while in the following 4 years we saw a growth spurt through to 2019 and since then growth has dropped back to 2018 levels.

Gross Regional Product Central Coast Council area

17,500

15,000

GRP $million

12,500

10,000

7,500

5,000

2,500

20 21

20 19

20 20

20 17

20 18

20 15

20 16

20 14

20 12

20 13

20 11

20 09

20 10

20 07

20 08

20 05

20 06

20 03

20 04

20 01

20 02

0

Year ending June Source: National Institute of Economic and Industry Research (NIEIR) ©2021 Compiled and presented in economy.id by .id (informed ​decisions)

Gross Regional Product - Central Coast Council area 2001 to 2021 Financial Year

$GRP $m

Population The Australian Statistician released the first tranche of the results of the 2016 Census in July 2022 revealing that the Central Coast’s population has grown by 18,860, up 5.75% since the last Census five years ago.

This is a little over 1% per annum and aligns with the Department of Planning’s 2036 Growth Strategy (now superseded by the Central Coast Regional Plan – 2041 which sets out no growth projections).

Over the past 20 years the Central Coast’s population has grown by 61,088 or 21.4%. Since 2006, the population has grown at around 1% per year. Earlier years had seen growth drop to near zero.

Central Coast Population 2001 - 2021 Year

Number People

Change over 5 years

%age change

2021

346,596

+18,860

+5.75

2016

327,736

+19,106

+6.19

2011

308,630

+14,920

+5.08

2006

293,710

+ 8,202

+2.87

2001

285,508

Source: ABS Census data Community Profile – Age structure (see Table below) Median age of the population of the Central Coast is 43 years and compares with 39 years for NSW and backs up the region’s reputation for being a retirement area.

The population of the age group from 0–39 years is 160,022 which represents 46.2% of the total and compares with 51.2% of the NSW population.

The population of the age group 60+ years is 99,339 representing 28.7% of the population and compares with 23.4% for NSW. However, there is growing evidence that a younger demographic is moving into the region: Following the growth of several high-rise residential developments over the past five plus years the median age of the population in the suburb of Gosford has remained unchanged at 35 years – much lower than 43 years, the median age for the whole region.

In the growth suburbs of Hamlyn Terrace, Wadalba and Woongarrah the median age is 35 years which is by far the youngest suburb on the Central Coast.

Central Coast Community Profile with NSW comparison Central Coast

NSW

43 yrs

39 yrs

$727

$813

Midian family income

$1,954

$2,185

Median household income

$1,507

$1,829

Median mortgage repayment (monthly)

$2,000

$2,167

$400

$420

2.5

2.6

% Change on previous year

2021

15,143

+0.41

Median age

2020

15,082

-2.95

Median personal income

2019

15,540

+1.61

2018

15,293

+2.18

2017

14,967

+3.35

2016

14,481

+3.46

2015

13,996

+0.70

2014

13,899

+0.98

2013

13,765

+0.84

2012

13,651

+0.02

2011

13,653

+2.03

2010

13,380

+7.77

2001

12,426

0

Source: NIEIR and .id

Median rent (weekly) Average household size

Source: ABS Census data Central Coast age structure (with NSW comparison) Age structure

Central Coast

% of total

NSW % of total

0 – 4 years

19,421

5.6

5.8

5 – 19 years

63,207

18.2

18.1

20 – 39 years

77,394

22.3

27.5

40 – 59 years

87,234

25.1

25.2

60-69 years

43,152

12.6

11.0

70 years +

56,187

16.2

12.4

346,595

100.0

100.0

Total

Source: ABS Census data CENTRAL COAST BUSINESS REVIEW NOVEMBER 2022

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CEN T R AL COA S T ECONOMIC REPORT

Local employment This indicator shows the estimated number of jobs in the Central Coast, on an annual basis back to 2001. The dataset is derived from the National Economics microsimulation model, based on the ABS labour force survey, and is generally higher than the figure provided

by Census, because it is updated every year, and is not subject to Census undercount.

Over the past 10 years the number of Local Jobs on the Central Coast has grown from 111,115 to 119,781 or 7.8% over the period.

At the same time the population has grown from 308,630 to 346,596 or 12.3% Over the 20-year period the number of Local Jobs has increased at a faster rate than the population growth.

Local jobs Central Coast Council area

Local jobs

150,000

Value of total building approvals 2010 to 2021 Financial Year

Residential $ (’000)

Non-residential $ (‘000)

Total $ (‘000)

%age + or -

2022

631,318

307,063

938,381

+13.63

2021

559,251

266,563

825,814

+4.20

2020

423,184

369,366

792,549

+0.55

2019

572,232

224.670

796,902

-15.89

2018

682,527

264,871

947,398

+16.26

2017

487,131

327,754

814,885

+18.45

2016

551,957

136,025

687,982

+18.31

2015

371,926

209,563

581,488

+13.20

2014

329,573

184,078

513,651

+40.44

2013

241,052

124,700

365,742

+10.09

125,000

2012

216,782

115,434

332,218

-26.49

100,000

2011

350,235

101,692

451,927

-26.92

2010

303,855

305,636

609,491

75,000

Source: ABS Building Approvals and .id

50,000

Employment by industry

25,000

20 21

20 19

20 20

20 17

20 18

20 15

20 16

20 14

20 12

20 13

20 11

20 09

20 10

20 07

20 08

20 05

20 06

20 03

20 04

20 01

20 02

0

Year ending June Source: National Institute of Economic and Industry Research (NIEIR) ©2021 Compiled and presented in economy.id by .id (informed ​decisions)

Industry

2021

2016

%age + or -

Agriculture, Forestry & Fishing

1,046

1,236

-0.15

Mining

Local Jobs – Central Coast Council area 2001 to 2021 Financial Year

Number

% Change on previous year

2021

119,781

+0.57

2020

119,101

-2.55

2019

122,219

+0.59

2018

121,502

+2.17

2017

118,920

+1.57

2016

117,084

+4.26

2015

112,304

-0.26

2014

112,600

2013

813

661

-23.00

Manufacturing

8,317

8,711

-4.52

Electricity, Gas, Water, Waste Svc

1,529

1,543

-0.91

13,288

11,535

+15.20

2,196

2,263

-2.96

13,240

15,501

-14.58

Accom and Food Services

9,555

11,001

-13.14

Transport, Postal, Warehousing

5,397

3,610

+49.50

Information, Media, Telecoms

1,415

1,445

0

Construction Wholesale Trade Retail Trade

Financial, Insurance Services

2,457

2,405

-2.16

-0.11

Rental, Hiring, Real Estate Svc

1,882

2,200

-318

112,721

+2.04

Professional, Scientific, Tech Svc

6,057

5,397

+12.22

2012

110,467

-0.58

Administrative and Support Svc

4,969

4,428

+12.21

2011

111,115

+2.99

Public Administration

6,868

5,900

+16.41

10,777

10,102

+6.68

23,081

21,949

+5.16

2010

107,889

+0.75

Education and Training

2001

94,191

+14.6

Health Care & Social Assistance

Source: NIEIR and .id

Arts & Recreation Services

1,585

1,876

-15.51

Building approvals The value of development approvals has fallen over the past four years reflecting delays in Central Coast Council’s processing of development applications. This has resulted in a buildup of around 1,000 applications within Council’s Planning Department (CCBR September 2022 Potentially 10,000 jobs tied up in outstanding DA’s).

However, disfunctional planning procedures introduced by the NSW Department of Planning in recent years has exacerbated the problem.

The past 10 years has seen a roller coaster ride for development approvals on the Central Coast and tends to reflect the attitudes of councils through this period.

Central Coast Council was created by the amalgamation of Gosford and Wyong Councils in 2016.

Other Services

5,308

5,232

-1.39

119,781 117,084

+2.30

Total industries

Source: NIEIR and .id The largest employing industries are: Health Care and Assistance which represents 19.26% of all Local Jobs, Construction – 11.09% Retail Trade – 11.05% Education and Training – 9.00% Accommodation and Food Services – 7.98% Manufacturing – 6.94% Of these industries, Construction has been the fastest growing over the past 5 years at 15.2% for the period.

CENTRAL COAST BUSINESS REVIEW NOVEMBER 2022

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PROPERT Y NEWS

Karen Aubrey Focus Marketing Area Specialist Somersby, West Gosford & the Peninsula

Suite 401/1 Bryant Drive, TUGGERAH NSW 2259

Begin with the No. 1 TOP OFFICE INTERNATIONALLY NUMBER OF SALES 2021 – 2022

Central Coast (02) 4353 7700

87 Mann Street, GOSFORD NSW 2250

Get results!

ADVERTISE YOUR PROPERTY IN CCBR For further information phone 4367 0733 or email info@ccbusinessreview.com.au CENTRAL COAST BUSINESS REVIEW NOVEMBER 2022

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PROPERT Y

G T Technologies buys Somersby factory A&R Gearbox & Turbine Technologies (GT Technologies), specialists in the maintenance and repair of industrial gearbox and turbine power transmissions, has purchased an industrial property at 38 Somersby Falls Road, Somersby.

Price paid for the property comprising 2 sheds totalling 648sqm on a 3,461sqm fully fenced and secure site was $2 million (GST not applicable).

Unit 1 of 360sqm has office, bathroom and lunchroom facilities, and Unit 2 of 288sqm is a 10m high clearance warehouse with the provision for a gantry crane.

Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the sale.

Pharmaceutical company buys Somersby warehouse unit

Pharmaceutical company, Lacuna Pharma has purchased Unit 21 of 268sqm at 21 Kangoo Road, Somersby paying $870,000 (GST not applicable).

The unit comprises a 215sqm ground floor warehouse space and 53sqm open plan mezzanine with amenities.

The unit is one of a 22-unit complex at the entry to the Somersby Industrial Estate.

Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the sale.

LEASINGS

19

Investor buys Tuggerah freestanding factory / warehouse on 5.8% return

Two investors have partnered to buy a freestanding factory / warehouse at 14 Mildon Road, Tuggerah paying $2,660,000 (GST not applicable).

The 1,403sqm building comprises factory floor area of 1,194sqm plus office and amenities built around 30 years ago on a 2,025sqm lot. including Outgoings and GST. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the lease.

Disability business leases at West Gosford Access Automobility Pty Ltd has leased Unit 4 and 373 Manns Road, West Gosford.

The 340sqm unit comprises 282sqm

The property is leased for 5 years plus options out to 2036 at a commencing rental of $155,000 per annum plus Outgoings and GST providing the buyer with a net return of 5.8% per annum.

Ty Blanch and Brett Dowling from L J Hooker Commercial Central Coast negotiated the sale. ground floor space including amenities and 58sqm mezzanine with solar panels and 3 vehicle parking space exposure to Manns Road and access via Marston Close.

Terms of lease are 2 years with 2 year option at a rental of $40,800 per annum plus Outgoings plus GST. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the lease.

FOR LEASE

PROFESSIONAL & SPECIALIST MEDICAL SUITES

Accountant leases West Gosford suite

152-154 PACIFIC HIGHWAY TUGGERAH An accountant has leased Suite 10 of 102 sqm in Riverside Park, 69 Central Coast Highway, West Gosford.

The suite, on the first floor comprises reception, store room, meeting suite with large board table and shared amenities.

Terms of lease are 2 years with 2 year option at a rental of $51,070 per annum

Easy Parking, great exposure, well maintained & presented property with well known quality tenants including Trader Vics, BCF & Super Cheap Auto, PRP Radiology, Australian Clinical Labs Pathology, Fullerton Health Medical Centre, Geriatrician; Psychologists, Dentist, Sports & Spinal Physiotherapy, Chiropractor, Cafe & more.

Ideal for the Professional, Legal, Financial or Medical Specialist with sizes from 16m2 up to 95m2 suitable to Lease or Purchase.

Features include: • Flexible lease terms • Competitive rentals • Excellent parking • Air-conditioning, carpets, kitchenette • Balcony access for East Wing suites • Exposure of Complex to Tuggerah Straight

For further details contact Julie Davies on 0402 779 186 CENTRAL COAST BUSINESS REVIEW NOVEMBER 2022

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20

BUSINESS TIPS

What does a day’s work actually mean and what are the maximum hours in a shift?

By Warwick Ryan, Partner, Hicksons Lawyers A FAIR DAY’S work for a fair day’s pay is the basis for large portions of the Australian Workplace Relations system, and the way many businesses approach their work week. But what does a fair day’s work really look like? Like much of our Workplace Relations system, the answer is not completely straight forward. Today’s employers need to ask themselves important question including: - What are the maximum number of hours an employer can request a staff member works in a single shift?

- How long is a working day?

It would be easy to assume that the 8-hour workday is the basic standard, and a couple of extra hours might be OK for a single shift. This is not always accurate.

Depending on your industry, modern awards often have specific provisions that determine how long an employee can be required to work and what other requirements or employer obligations come with that.

Excessive Work Hours - A Comparison There is a surprising divide between Awards above what is considered excessive hours.

This means that employers need to care-

fully check the requirements for their business type.

For example, at the one extreme, employees in the Live Performance Industry (Live Performance Award – Production Staff ) working longer than standard hours during specific events (like filming shows for reality television) is not at all uncommon. In fact, even though the award specifies the maximum ordinary hours of as 12 hours, employees under this award can be asked to work from 6am to 10pm (14 hours) with some breaks in the middle – all at ordinary hours rates.

By contrast, an administrative employee under the Clerks (Private Sector) Award has a maximum shift length of only 10 ordinary hours, unpaid breaks excluded (that is, you don’t count the breaks when adding up the 10 hours).

Rostering Shifts of More than 12 hours – Can it be Done?

While each modern Award will be different (as you can see between the two examples above), most awards limit the number of ‘ordinary hours’ to a maximum of 10 or 12 hours.

Generally, there are no restrictions stopping employers requesting employees working beyond then – except that they will have to pay a premium for it (at overtime rates).

In fact, the Building & Construction General Onsite Award contemplates people working up to 20 hours in shift (subject to crib breaks).

Within the Awards, the primary control on employers requiring employees to work long hours is that a minimum ‘break’

between shifts is required. This refers to the minimum amount of time between an employee finishing one shift and starting the next one - usually 10 hours.

However, even this is not mandatory, if the employer is willing to pay an elevated rate (double time or similar) when the employee starts work again the following day.

However, while ‘maximum’ hours are subject to some flexibility, rostering staff for extended periods can have WHS implications. Businesses need to be aware of these implications and establish additional measures for maintaining a safe work environment and managing employee fatigue.

So, before requiring employees to work very long shifts, employers need to consider any potential WHS ramifications for employees of extended long hours. This is especially critical where the employee is travelling before or after the shift. In response, businesses may need to develop a fatigue management plan. For some industries, (for example, the transport industry), fatigue management is highly regulated and employers in these industries should ensure that appropriate policies and procedures are in place.

Given all the aspects to be considered, employers can’t assume that every shift can, or should be, 8 (or more) hours, or that overtime payments are the only cost.

Attention to the relevant Awards and some careful reading of the legal requirements can save businesses from exposure to costly claims later.

Warwick Ryan can be contacted at Hicksons Lawyers Email: Warwick.Ryan@ hicksons.com.au

Minister launches Central Coast Regional Plan 2041 CONTINUED FROM PAGE 10

our fast pace of change is expected to accelerate. It is critical to plan now for this growth to ensure the region can supply enough jobs and housing that is affordable for the local population.”

UDIA commends the Regional Plan’s focus on delivering ‘development ready’ housing supply to address the Coast’s growing housing shortage, by having enough sites that are zoned, serviced with enabling infrastructure and have resolved biodiversity con-

siderations. The Regional Plan creates a new Urban Development Program (UDP) Committee for the Central Coast, where the Department of Planning and Environment, Council, government agencies, infrastructure providers and industry will come together to understand the development pipeline and ensure the Coast has enough housing and jobs.

UDIA is pleased that the Regional Plan has been finalised and released.

We look forward to helping deliver on its vision for the Central Coast’s growing population.

The Urban Development Institute of Australia (UDIA) NSW is the state’s leading industry body representing the interests of the urban development sector. UDIA brings an evidence-based, solutions-focused approach to advocating for the creation of liveable, affordable, and connected smart cities

CENTRAL COAST BUSINESS REVIEW NOVEMBER 2022

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BUSINESS TIPS

21

MIND YOUR BUSINESS

By Troy Marchant, Director, Adviceco Chartered Accountants

Time is running out to register for mandatory Director ID numbers ALMOST TWO THIRDS, or 1.6 million company directors across Australia have not yet applied for their Director ID number. The ATO’s new registration scheme has a deadline of 30 November 2022 for directors appointed on or before 31 October 2021, so it is absolutely critical that directors of companies and SMSFs get cracking.

The scheme has been introduced by the ATO to prevent phoenix and fraudulent activity by directors. If a director commits fraud under one company, a Director ID will prevent that director from setting up a new company and committing the same crime.

Failure to have a Director ID by the deadline, or failure to apply when directed by the registrar, can carry a maximum criminal penalty of $13,200 or up to $1,100,000 under civil law.

Who needs one?

You need a Director ID if you direct a: • company • Aboriginal and Torres Strait Islander corporation • corporate trustee, for example, of a self-managed super fund • charity or not-for-profit organisation that is a company or Aboriginal and Torres Strait Islander corporation • registered Australian body, for example, an incorporated asso-

ciation that is registered with the Australian Securities and Investments Commission (ASIC) and trades outside the state or territory in which it is incorporated • foreign company registered with ASIC and carrying on business in Australia (regardless of where you live).

How to get one?

Your accountant can help you to decide if you need one and walk you through the process, however they cannot apply on your behalf. All Directors need to apply in person. The first thing to do is check that you can access your personal MyGovID and that you have your personal identification documents handy.

If you anticipate difficulty in meeting the deadline of 30 November, you need to let us know ASAP as communication with the Australian Business Registry Services is critical in avoiding penalties: mail@adviceco.com.au

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FUNNY BUSINESS

WHEN A GUY’S printer type began to grow faint, he called a local repair shop where a friendly man informed him that the printer probably needed only to be cleaned. Because the store charged $50 for such cleanings, he told him he might be better off reading the printer’s manual and trying the job himself. Pleasantly surprised by his candor, he asked, “Does your boss know that you discourage business?”

“Actually, it’s my boss’s idea,” the employee replied sheepishly. “We usually make more money on repairs if we let people try to fix things themselves first.”

Fresh out of business school, the young man answered a want ad for an accountant. Now he was being interviewed by a very nervous man who ran a small business that he had started himself. “I need someone with an accounting degree,” the man said. “But mainly, I’m looking for someone to do my worrying for me.” “Excuse me?” the accountant said. “I worry about a lot of things,” the man said. “But I don’t want to have to worry about money. Your job will be to take all the money worries off my back.” “I see,” the accountant said. “And how much does the job pay?” “I’ll start you at eighty thousand. ” Eighty thousand dollars!” the accountant exclaimed. “How can such a small business afford a sum like that? “That,” the owner said, “is your first worry.”

A man phones a lawyer and asks, “How much would you charge for just answering three simple questions?”.

The lawyer replies, “A thousand dollars”.

“A thousand dollars!” exclaims the man.

“That’s very expensive, isn’t it?”

“It certainly is,” says the lawyer. “Now, what’s your third question?”

While prosecuting a robbery case, I conducted an interview with the arresting officer. My first question: “Did you see the defendant at the scene?”

“Yes, from a block away,” the officer answered.

“Was the area well lit?”

“No. It was pretty dark.”

“Then how could you identify the defendant?” I asked, concerned.

Looking at me as if I were nuts, he answered, “I’d recognize my cousin anywhere.”

An accountant and a lawyer were laying on a beach in Hawaii sipping mai tai’s. The lawyer started telling the accountant how he came to be there. “I had this downtown property in Memphis that caught fire and after the insurance paid off, I came here.”

The accountant said, “I had a downtown property, too, in Miami. It got flooded so here I am with the insurance proceeds.” The lawyer took another sip of his mai tai, and then asked in a puzzled voice, “How do you start a flood?

A businessman was interviewing job applications for the position of manager of a large division. He quickly devised a test for choosing the most suitable candidate. He simply asked each applicant this question, “What is two plus two?” The first

interviewee was a journalist. His answer was, “Twenty-two”. The second was a social worker. She said, “I don’t know the answer but I’m very glad that we had the opportunity to discuss it.” The third applicant was an engineer. He pulled out a slide rule and came up with an answer “somewhere between 3.999 and 4.001.” Next came an attorney. He stated that “in the case of Jenkins vs. the Department of the Treasury, two plus two was proven to be four.” Finally, the businessman interviewed an accountant. When he asked him what two plus two was, the accountant got up from his chair, went over to the door, closed it, came back, and sat down. Leaning across the desk, he said in a low voice, “How much do you want it to be?” He got the job.

An accountant visited the Natural History Museum. While standing near the dinosaur he said to his neighbor: “This dinosaur is two billion years and ten months old”.

“Where did you get this exact information?”

“I was here ten months ago, and the guide told me that the dinosaur is two billion years old.”

Quote of the month “Price is what you pay, value is what you get.”

Warren Buffett

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