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Franking credits to erosion: Fund manager's new battle


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A fund manager who campaigned against Labor s franking credits in 2018 has joined a grassroots fight against Noosa Council s climate strategy.
ASX-listed Wilson Asset management chairman Geoff Wilson worries the values and insurance costs of his and other Sunshine Beach properties will be hit under proposals in the Coastal Hazard Adaptation Plan.
Noosa is one of 32 councils in Queensland developing an adaptation plan to propose ways to mitigate damages from climate change as part of the state s QCoast 2100 program.
Mr Wilson said the proposal lacked detail and was based on worst-case scenario mapping.
Along with an increasing number of locals I am concerned the council has pre-empted its proposed plans with costly and harmful planning restrictions on people s homes while doing nothing to help the local environment, Mr Wilson said. ....

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Rock wall sea defence regarded as last resort


She said the backyards of some homes along the beachfront on Lorikeet Dr in south Peregian were also in the low risk category.
The report underlines the high cost of replacing existing public infrastructure such as the picnic area, skate park and parking areas should they be damaged as a result of coastal erosion, Ms Kroon said.
Community feedback indicates that non-intrusive solutions, such as dune rehabilitation and mitigation, is the preferred course of action.
Ms Kroon said rock sea walls were very much a last resort .
We have been working for many years to protect and strengthen our dunes and the vegetation that helps them remain intact, she said ....

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