News by Alister Thomson
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Subscriber only A SECRET society is fighting to save its home of 130 years because it says the governing body in Brisbane listed the historic lodge for sale without consulting members. Southport Freemasons saw the property advertised by a real estate agent. The lodge goes under the hammer on Thursday. Southport Freemasons worshipful master Michael Kilmartin plays the piano one last time at the lodge hall. Picture: Glenn Hampson The United Grand Lodge of Queensland (UGLQ) said it was selling the property because it could no longer cover losses. However, the Southport freemasons say numerous groups use it and they alone were tipping in thousands of dollars in rent.
Queensland s $5.6b Future Fund might just be interest-only
Jan 11, 2021 – 12.01am
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The Palaszczuk government s $5.6 billion Future Fund – established to tackle Queensland s debt which is due to top $130 billion over the next four years – will be mostly used to pay the $3 billion annual interest bill.
While Treasurer Cameron Dick has promised the long-awaited fund will be created by the end of this financial year, it remains unclear how much debt the fund will actually pay off.
Treasurer Cameron Dick said Queensland s debt was not as bad as NSW or Victoria.
Attila Csaszar
But a Queensland Treasury spokesman has confirmed the returns from the investments – which will be made by the state-owned Queensland Investment Corporation – will be high enough to pay for the cost of the state s debt .