Around 1998 4ZZZ, 4MBS, and Family Radio started broadcasting from the one installation at Mt Coot-tha. Prior to this 4MBS and Family Radio had merely leased land beside 4ZZZ but then Brisbane City Council decided that having three transmission towers and huts in the one place was an eyesore and encouraged the three radio stations to share facilities. This resulted in the three radio stations developing a company called Broadcasting Park to negotiate with the Council. This company consisted of three shares, one owned by each member station.
RBA: rate cuts not as effective as it used to be
Mr Stevens says the board’s monetary policy is less effective than it was a decade ago..
But he says weak inflation, high unemployment, below-average economic growth, and a high Australian dollar made it necessary to cut interest rates by 25 basis points last week to a record low of 2.25 per cent.
Mr Stevens has promised to give plenty of warning about any potential rise in rates to avoid speculation and any adverse effects on the economy.