Integrity watchdog clears land company of corruption
THE ACT’s Integrity Fee has discovered that the Suburban Land Company didn’t interact in corrupt conduct in it’s course of for the sale of residential heaps in Canberra.
The Suburban Land Company referred the matter to the Fee following a small variety of complaints about its “book-to-buy” course of for the sale of residential heaps.
The method required a possible purchaser to finish a web-based registration for the chance to be allotted a block of land to buy.
The complaints broadly alleged that the method was “rigged” to offer a bonus to sure registered candidates.
However a particular report performed by the Fee and tabled immediately (October 18) by the Speaker of the Legislative Meeting discovered there was “no affordable suspicion that the Suburban Land Company had engaged in corruption.”
The report recognized a lot of vital vulnerabilities that “pose potential corruption dangers for the Suburban Land Company and the integrity of its processes”.
These embrace the potential for the method to be exploited with opposed penalties for real contributors.
The report stated that the Suburban Land Company has since launched laws for any future “book-to-buy” processes and intends to hold out an unbiased evaluation of its residential land gross sales processes.
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Ian Meikle, editor