Redland Investment Corporation (RIC) operations will be absorbed into Redland City Council’s Major Projects Group following a Council resolution at the 20 May 2026 General Meeting.
Acting Mayor Julie Talty said the decision supported Council’s strong focus on ensuring operational efficiencies across the organisation.
“This decision will see a strategic business consolidation intended to strengthen operational efficiency, streamline project delivery, and reduce overhead expenditure,” she said.
“Council is aware of cost-of-living pressures on rate payers and this decision will help to reduce pressure on rates.
“Planning for the integration has begun and, when complete, will ensure a simplified structure, enhanced collaboration, and continued delivery for the community.”
Cr Talty said Council was grateful to the past and current RIC directors and employees for their dedication to delivering for Redland City.
“RIC has delivered many projects on behalf of Council, including the Edge 521 townhouse development, AVA Terraces, considerable civil infrastructure for the Weinam Creek PDA project – including more than 500 car parks at Moores Road, a new pedestrian bridge and pathways and the new Hamilton Street extension – and completed many successful negotiations and national tender processes to attract development partners and investment for major projects,” she said.
“We are committed to ensuring a smooth transition for employees, customers, contractors and other stakeholders.”
The RIC Board of Directors said the company acknowledged Council’s decision to absorb its projects into the wider organisation.
“This integration reflects strong alignment with Council, and we are working with the organisation to assist with a smooth changeover,” the spokesperson said.
“With the decision of Council to integrate the projects and RIC operations into Council, there is no longer a need for a Chief Executive Officer within RIC.
“The RIC Board thanks Cameron McColl for his commitment to RIC and Redland City and wishes him well in his future endeavours.
“During the transition, we do not expect any disruptions to projects, customer relations, or contractual arrangements.
“Since 2015, RIC has played an important role in project delivery for Redland City, and we look forward to seeing the new opportunities this change creates for our long-term employees.
“Supporting them through this transition is a high priority for the RIC Board of Directors.”
