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The University of Queensland [UQ]:  Is it defrauding the Commonwealth of Australia??

Is it doing this for the Beattie labor government, and is the Beattie labor government, by its Information Commissioner, assisting in this?

[go to HAIG REPORT home frames]
There are TEN COLLEGES on the St Lucia Campus of UQ.   I have here details of the St Johns College [SJC].  It is reasonable to expect the the situation pertaining to SJC applies to the other nine on an equivalent basis for an equivalent amount.   The physical college, LAND and ALL BUILDINGS, is beneficially  OWNED by NO-ONE.   UQ provided the land by settling it on a trust with no beneficiary  but where UQ has a reversionary right, should the primary trusts fail, yet SJC pays UQ absolutely nothing.  It pays UQ NO RENT.  There are 48 subdivisions and two long road reserves in the site.  The buildings extend across the roads and subdivision boundaries.  Without the road reserves, the area of the subdivisions is 6.4 perches less that six and a half acres.   In this location, the land alone is worth $15 to $20 million.  With the buildings, the physical assets of SJC is worth $50 to $75 million.   The rent for  these premises would be in the order of $5 to $7.5 million. For the ten colleges this is an annual LOSS TO UQ of $50 to $75 million.  

SJC website states that there are approximately 300 students at SJC. During the university holidays, SJC attempts to earn more revenue from hosting conferences.  To determine the annual revenue, one could extrapolate the weekly earnings during the university lecture period to the whole year.   Calculate an average of $200 each per week, for the 52 weeks of the academic year, for the 300 students for a gross annual revenue of $3.12 million.   Clearly, it is an uneconomic use of the assets of UQ.  It is an irrefutable tautology that if an asset is being used uneconomically, THERE IS A BETTER USE OF IT.  That use is the use by which it obtains its greatest value.  Even at this use, of the $3 million plus annual revenue, for SJC, it should be paying UQ in the order of  $1.5 per annum.  For the 10 colleges, this is $15 million.  This is the minimum extra revenue that UQ should have each year, and so not requiring from the Commonwealth Government.   UQ is making an  "annual SECRET donation" to the  Anglican Church of $1.5 Million, as a HIDDEN SUBSIDY.  My concern is that it is SECRET and HIDDEN.  See below the DISHONESTY and PANIC of SJC and the Anglican Church as they try to claim that they own SJC. 

 
Apropos St Johns College:  here is an aeriel photo of SJC.  The land and buildings of SJC is beneficially owned by no-one, but  the UQ has a reversionary right to be possessed of the land and buildings, should the primary trusts fail,.   The trustee is the Corporation of the Synod of the Diocese of Brisbane of the Anglican Church [synod]  . 

This is a doucment of SJC and of UQ as well.   It is wrong.  It discloses much incompetence. It was clearly drafted by someone associated with SJC or the Corporation of the Synod of the Diocese of Brisbane, and who is totaly ignorant and incompetent.. The Nomination of Trustees and Schedule of Trusts for this land  shows that the "Corporation" as trustee for no-one but subject to the conditions on the Schedule of Trusts.  Those conditions were set by UQ were the conditions upon which UQ was prepared to make the land available for a residential college for Students of UQ.   That would have to make it seem that UQ had more than a passing role in the formation of SJC on the St Lucia Campus [SLC] of UQ. In fact, UQ formed a CRUCIAL ROLE.  Yet, the Queensland Information Commissioner would have us believe that UQ had nothing to do with the formation of SJC on SLC of UQ.  I AM STILL ARGUING WITH THEM ON THAT.