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John Young (businessman)
John Carlton Young is a British-born Australian accountant and businessman, who established the Great Southern Group, an agribusiness managed investment scheme (MIS) group of companies. Great Southern Group was listed on the Australian Stock Exchange in 1999, and went into administration in 2009. In 2006, Young was listed in the ''Business Review Weekly'' (BRW) 'Rich List' with an estimated worth of A$184 million; however much of that fortune was in shares in his company, which by 2009 were almost valueless. Personal life and career prior to the Great Southern Group John Young was born around 1948, and came to Australia in the early 1970s as a Ten Pound Pom. He is married to wife Sheila, and has two sons John Jnr and Aaron. In 2009 he lived in a large property in wealthy beachside Perth suburb, City Beach. Young was an accountant and property manager; he was reported to have sold a "lucrative stake" in his accounting firm just prior to the 1987 stock market crash, using the funds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Southern Group
Great Southern Group was a group of Australian companies that was notable as the country's largest agribusiness managed investment scheme (MIS) business. The company was founded in 1987 and became a public company in 1999. It expanded its MIS business rapidly in the 2000s, supported by favourable tax regulations for these types of investments. Most of the Group's business was in tree farm, plantation forestry to supply woodchips for the pulp and paper industry, but in the 2000s it diversified into high-value timbers, beef cattle, olive (fruit), olives, viticulture, and almond production. The company's after-tax profit peaked at $132 million in 2006, but by 2008 had deteriorated to a $63 million loss. The Great Southern companies attracted debate and criticism associated with the operation of managed investment schemes generally, and the environmental performance of their Tiwi Islands operation in particular. On 16 May 2009, as a result of worsening economic conditions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agribusiness
Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit while satisfying the needs of consumers for products related to natural resources. Agribusinesses comprise farms, food and fiber processing, forestry, fisheries, biotechnology and biofuel enterprises and their input suppliers. Studies of business growth and performance in farming have found that successful agricultural businesses are cost-efficient internally and operate in favourable economic, political, and physical- organic environments. They are able to expand and make profits, improve the productivity of land, labor, and capital, and keep their costs down to ensure market price competitiveness. Agribusiness is not limited to farming. It encompasses a broader spectrum through the agribusiness system which includes input supplies, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managed Investment Scheme
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable securities, or short collective inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Stock Exchange
Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, the Sydney Stock Exchange, a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$4.685 billion and a market capitalisation of around A$1.6 trillion, making it one of the world's top 20 listed exchange groups, and the largest in the southern hemisphere. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. Overview ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Review Weekly
''BRW'' (formerly ''Business Review Weekly'') was an Australian business magazine published by the Fairfax Media group. The magazine was headquartered in Melbourne. It regularly compiled lists which rank corporations and individuals according to various criteria, similar to ''Fortune'' magazine in the United States. ''BRW'' provided news and commentary on the economy, business and investment in Australia. The magazine reported on successful business strategies, investments and entrepreneurialism. Cover stories and features concentrated on ways to make money and improve businesses. Each week ''BRW'' focused on a sector or topic relevant to business people or investors. Print edition axed In October 2013, Fairfax announced that the print version of the magazine would be discontinued, with the 28 November 2013 magazine being the last edition. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ten Pound Poms
Ten Pound Poms were British citizens who migrated to Australia and New Zealand after the Second World War. The government of Australia initiated the Assisted Passage Migration Scheme in 1945, and the government of New Zealand initiated a similar scheme in 1947. The Australian government arranged for assisted passage to Australia on chartered ships and aircraft. The migrants were called Ten Pound Poms because of the charge of £10 in processing fees to migrate to Australia. Assisted Passage Migration Scheme The Assisted Passage Migration Scheme was created in 1945 by the Chifley government and its first Minister for Immigration, Arthur Calwell, as part of the "Populate or Perish" policy. It was intended to substantially increase the population of Australia and to supply workers for the country's booming industries. As well as subsidising the cost of travelling to Australia, the government promised employment prospects, affordable housing, and a generally more optimistic life ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Beach, Western Australia
City Beach is a beachside suburb of Perth, Western Australia, located within the Town of Cambridge. Its postcode is 6015. It is also the name of a beach in the suburb. House prices are generally quite expensive. In 2020, City Beach had the fifth highest median house price in Perth, at $1.628 million. City Beach consists of three sections: a northern section (bordering Scarborough), a central section (bordering Wembley Downs and Floreat) and a southern section (bordering Bold Park (Western Australia), Bold Park). The centre part was built immediately prior to the 1962 British Empire and Commonwealth Games as an athletes' village due to its proximity to Perry Lakes Stadium in neighbouring Floreat, Western Australia, Floreat. History In 1917, the Perth Road Board purchased the Lime Kilns Estate of , situated between the Endowment Lands and the city, thus linking with the ocean beach. The Board proposed to lay out an up-to-date seaside town near the ocean beach on Garden city movem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1987 Stock Market Crash
Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was a global, severe and largely unexpected stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. The severity sparked fears of extended economic instability or a reprise of the Great Depression. Possible explanations for the initial fall in stock prices include a fear that stocks were significantly overvalued and were certain to undergo a correction, persistent US trade and budget deficits, and rising interest rates. Another explanation for Black Monday comes from the decline of the dollar, followed by a lack of faith in governmental attempts to stop that decline. In February 1987, leading industrial countries had signed the Louvre Accord, hoping that monetary policy coordination would stabilize international money markets, but doubts about the viability of the accord created a crisis of confidence. The fall may have been accelerat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporations Act 2001
The ''Corporations Act 2001'' is an Act of the Parliament of Australia, which sets out the laws dealing with business entities in Australia. The company is the Act's primary focus, but other entities, such as partnerships and managed investment schemes, are also regulated. The Act is the foundational basis of Australian corporate law, with every Australian state having adopted the Act as required by the Australian Constitution. The Act is the principal legislation regulating companies in Australia. It regulates matters such as the formation and operation of companies (in conjunction with a constitution that may be adopted by a company), duties of officers, takeovers and fundraising. Background Constitutional basis Australian corporate law was the subject of a successful legal challenge in the High Court of Australia in ''New South Wales v Commonwealth'' (1990) ('The Corporations Act Case'). In that case, the Commonwealth was found to have insufficient power to leg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Purpose: Because living persons may suffer personal harm from inappropriate information, we should watch their articles carefully. By adding an article to this category, it marks them with a notice about sources whenever someone tries to edit them, to remind them of WP:BLP (biographies of living persons) policy that these articles must maintain a neutral point of view, maintain factual accuracy, and be properly sourced. Recent changes to these articles are listed on Special:RecentChangesLinked/Living people. Organization: This category should not be sub-categorized. Entries are generally sorted by family name In many societies, a surname, family name, or last name is the mostly hereditary portion of one's personal name that indicates one's family. It is typically combined with a given name to form the full name of a person, although several give .... Maintenance: Individuals of advanced age (over 90), for whom there has been no new documentation in the last ten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Businesspeople From Western Australia
A businessperson, also referred to as a businessman or businesswoman, is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) to generate cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital to fuel economic development and growth. History Medieval period: Rise of the merchant class Merchants emerged as a social class in medieval Italy. Between 1300 and 1500, modern accounting, the bill of exchange, and limited liability were invented, and thus, the world saw "the first true bankers", who were certainly businesspeople. Around the same time, Europe saw the " emergence of rich merchants." This "rise of the merchant class" came as Europe "needed a middleman" for the first time, and these "burghers" or "bourgeois" were the people who played this role. Renaissance to Enlightenment: Rise of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Businesspeople From Perth, Western Australia
A businessperson, also referred to as a businessman or businesswoman, is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) to generate cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital to fuel economic development and growth. History Medieval period: Rise of the merchant class Merchants emerged as a social class in medieval Italy. Between 1300 and 1500, modern accounting, the bill of exchange, and limited liability were invented, and thus, the world saw "the first true bankers", who were certainly businesspeople. Around the same time, Europe saw the " emergence of rich merchants." This "rise of the merchant class" came as Europe "needed a middleman" for the first time, and these "burghers" or "bourgeois" were the people who played this role. Renaissance to Enlightenment: Rise of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
