A message to Stockland Shareholders ~ AGM Oct 2004

'For there to be good governance, the Board and management must maintain open, honest communication and high ethical standards of conduct' 2004 Annual Report

But how honest and ethical is your company?

This will be the fourth AGM that questions about the housing development at SANDON POINT, Wollongong have now been raised. Stocklands is:

• NOT meeting community expectations of best practice environmental standards
• NOT serious about ethics, preserving the environment, wetlands or community amenity
• NOT supporting Indigenous Heritage and Reconciliation.

In October 2003 the NSW government's Commission of Inquiry determined that the level of development proposed by Stocklands was inappropriate and would compromise the “cultural, ecological and social values”. The recommendations have been ignored.

Recent Land and Environment Court decisions have ruled that:

• Stockland’s certifier has “acted unreasonably in issuing construction certificates” for development on the site;
• NPWS has improperly issued consents to destroy Aboriginal artefacts.

Stockland has blatantly desecrated significant Aboriginal heritage without keeping their promises or providing a “Keeping Place”.

The fragile coastal Tramway Creek wetland is being destroyed and polluted through this insensitive residential development.

The Illawarra community is still fighting hard to protect this special environment, our democratic processes and support Aboriginal rights at this beautiful place.

If you believe Stockland's commitment to ethics & the environment should be more than just empty words, please help us stop the destruction at Sandon Point.