Innovative startups will be able to keep the 50 per cent capital gains tax discount but it remains unclear which firms will be eligible.
Victor Goh-linked company to divest long-vacant North Freo site
A North Fremantle site with views of Leighton Beach and links to elusive Malaysian developer Victor Goh is set to sell, after the land – formerly owned by the state government – sat vacant for more than a decade.
Business News understands Subiaco’s Edge Visionary Living is in the process of purchasing the 4,000-square metre block at 35 Leighton Beach Boulevard, with the off-market deal expected to settle in August.
The Western Australian Land Authority sold the parcel to Victor Goh in 2015, according to industry sources, for $15.4 million.
Sam Jones reports on calls for the creation of a middle-power coalition to secure subsea data lines.
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