Council’s Rail Yard Company Under Fire | Sydney News

Townsville City Council is under fire after a Queensland Audit Office probe revealed major governance failures in handling the $35 million North Rail Yards redevelopment. The council created a company to manage the project without proper treasurer approval, leading to weak oversight, poor financial reporting, and lack of public disclosure. Though the company was dissolved in May, the audit can’t be finalized — and the council still must produce its financial statements. Officials blame a legislative mix-up, say the state government requested dissolution to unlock funding, and promise greater transparency moving forward — while assuring the project itself remains on track with new developer Flinders St Rail. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1f167ad0800615eb