07/2555 - Change to Existing Approval - Ext of Currency [As Published] · 142007.2555.02

Afiach &

1* June 2009

Attunga Heights Pty Ltd
P O Box 1592

Noosa Heads
Queensland 4567

Mr John Knaggs

Chief Executive Officer

Sunshine Coast Regional Council
Locked Bag 72,

Sunshine Coast Mai! Centre, Qld 4560

Dear John

LOT 27 ATTUNGA HEIGHTS, NOOSA HEADS DEVELOPMENT APPLICATION

Noosa Shire Council issued a Negotiated Decision Notice for the Development Application on
13" October 2005 with a currency period to 13" October 2009.

A Ministerial call in was made on the 1*' December 2005 and a Negotiated Decision Notice was
issued by Minister Desley Boyle on 6" March 2006, a 4 year currency period effective to April
2010 . Acondition requiring approval for Clearing of Native Vegetation through Dept of Natural
Resources was attached to the approval. This was obtained on 17 October 2008.

Our Operational Works application was made to council on 23” January 2008. Following a further
12 months of negotiations with Sunshine Coast Regional Council planning officers, Preliminary
Approval for Operational Works was approved on 12” February 2009, the notice issued on 21°
April 2009 with a currency period of 1 year, expiring 21° April 2010.

Our property at 27 Attunga Heights, adjoins Viridian, the largest residential development in
Queensland, which is well underway.

The approved development is subject, in addition to all Sunshine Coast Regional Council and
State government conditions and various approvals, to meeting the covenants required by our
bankers, which principally relate to pre-sales requirements.

With the advent of the ‘Global Economic Crisis’, local real estate agents, including Tom Offerman
and Richardson & Wrench advise marketing of this project is best delayed to a later date.

Accordingly, | am asking Sunshine Coast Regional Council to extend the currency of the
Development Application and look forward to your further advice.

Regards

Phillip Harding — Director
Attunga Heights Pty Ltd