One of our biggest aspirations is to assist with the development of the Torres Strait economy.
We’re working towards divesting (transferring or selling) commercial operations from the control of Council into the hands of the community to own and operate.
An ‘enterprise’ is a commercial operation or business.
Enterprise divestment is an opportunity for local community-based organisations and individuals to buy, maintain and operate Council commercial enterprises and non-current assets on an “as is, where is” basis. (“As is, where is” means the current condition of the business and assets.)
We have undertaken extensive work on the divestment of enterprises since we were amalgamated in 2008. We’re committed to divesting viable commercial operations to community-based organisations and individuals.
Enterprises previously run by Council that now run as independent businesses include the:
Steps to buying a Council business
For those enterprises and non-current assets that Council decides to divest, a tender process is followed to invite all interested parties to lodge an Expression of Interest (EOI).
Community-based organisations and individuals are welcome to apply.
Tender notices are placed on community noticeboards and advertised in the Torres News each week for up to four weeks prior to the tender close date.
An interested organisation or person must submit an EOI addressing the following questions:
Applicants should also consider including the following information in their EOI:
To demonstrate capability to run an enterprise, it’s sufficient to provide a summary of skills and resume(s) and explain how the applicant intends to undertake the business.
Once received, a Council panel assesses the EOI to check that the applicant has the business skills needed to run a commercial enterprise independently.
The panel then makes a recommendation at a Council meeting as to whether the business should be divested to a particular applicant, and Council passes a resolution if a successful applicant is identified.
If we decide that there is no suitable applicant, the business may be re-advertised for divestment.
At the outset, Council will be retaining all buildings and associated fixtures.
A successful applicant will need to enter into a lease with us once divestment of the business and associated non-current assets is complete.
Further assistance with funding and business ownership is available from the TSRA through the economic development program. Their contact details are:
Phone: 07 4069 0700