News
MYALL
Of The Area
Thursday, 30 September 2021
Page 4
Page 6
Page 10
Nominate your favourite business...
Mayoral positions re-elected
O'Harae's "O" at Bowls
Billionaire’s assets frozen By Tara CAMPBELL BILLIONAIRE property developer Phillip Dong Fang Lee and his wife Xiaobei Shi have had their assets frozen as the Australian Tax Office pursues them for more than $272 million. The Chinese-born developer has caused a stir in both the Myall Coast and Port Stephens’ communities in the past due to repeated environmental damage to their properties. The couple own a 400-hectare property at ‘Fame Cove’, as well as 5569 hectares of land across the area. The Federal Court’s orders to freeze assets apply to sixteen properties linked to the couple including a $40
million mansion in Point Piper, a large number of luxury cars and the couple’s properties including ‘Fame Cove’, Tea Gardens Pine Plantations, Nerong farmland, Bundabah farmland and land in Pindimar. For many years, the couple’s Fame Cove property, purchased for $8.8 million in 2006, has been a topic of conversation with many breaches of environmental protection laws dating back to 2009 where fines of almost $200,000 were incurred after a failed excavation of a dam wall. Clearing of bushland, damage to the marine sanctuary and dumping of rock deposits also led to fines amounting to just under $100,000 from 20142019. Local MP Kate Washington has fought Mr Lee’s development for a
NOTA Graphics - Ref: MLM_160420
Local Community News ~ Proudly Independent
Shop 5 Myall Quays Shopping Centre – Tea Gardens
c
COAST
MYALL LAKES MEATS Under new ownership and management Servicing the local Community
10% SENIORS DISCOUNT
FREE LOCAL HOME DELIVERY
4997-0766
FREE
PROPERTYWeek Page 16-17
number of years, expressing anger at the NSW Government for not taking action and now calls for money to be set aside for remediation of the “pristine land near Tea Gardens that has been destroyed”. “The immense harm inflicted by Mr Lee on environmentally and culturally sensitive land should have seen these assets frozen a long time ago. “Instead, Mr Lee has left a trail of destruction in Port Stephens. “Out of this process, money must be set aside to remediate the land he’s ruined,” Ms Washington said. The Court Orders do not make clear of the nature of the ATO’s claim against the couple however it is understood that Mr Lee has filed a countersuit.
q Phillip Dong Lee is a property developer with business interests in developing large-scale infrastructure and urban developments. Photo: supplied.
Protecting Habitat CONTINUED Page 2
Wildlife habitat still vulnerable despite new conservation scheme
Dr David Gillespie MP FEDERAL MEMBER FOR LYNE
Locally I have been delivering for you, your family and our local community, including:
Hawks Nest
hawksnestreatestate.com.au
List your property with us today! C NOTA Graphics- Ref: HNFN_MYALL_3092021_NEINA
PHONE: 4997 0262
$5,000 Volunteer Grant for Myall Coast Radio 87.8 $2,486 Health & Wellbeing grant for the Men’s Shed
He Listens. He Cares. He Delivers. david_gillespie_mp
DavidGillespieMP
davegillespiemp
Authorised by Dr David Gillespie MP, Corner of High and Hastings Streets, Wauchope, NSW 2446.
Thursday, 30 September 2021
2
2
1
$489,000 2
TEA GARDENS
2
1
$550,000
TEA GARDENS
NEW LISTINGSURGENTY REQUIRED CONTACT US FOR AN OBLIGATION FREE APPRAISAL!!
$150,000 for the new amenities in Longworth Park
david.gillespie.mp@aph.gov.au
CONTINUED Page 3
2
2
1
$549,000
TEA GARDENS
www.newsofthearea.com.au
CALL US NOW!
4997 0262
4 MYALL COAST NEWS OF THE AREA
2.5
1
3