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ABC Commercial
ABC Commercial, formerly ABC Enterprises Limited, is the revenue-earning division of the Australian Broadcasting Corporation, one of the two national public broadcasters. ABC Commercial has operated in various forms since its establishment in 1974, with its primary purpose to generate income for the ABC, which is then invested in content production. The national network of retail ABC Shops closed down in 2015, with the digital and few remaining brick-and-mortar retail sites having been retired at the end of 2018. ABC Commercial continues to do business in content sales and distribution; music and events; publishing and licensing; and the ABC Studios and Media Production. History of the organisation The commercial arm of the ABC was established in 1974 under the name ABC Enterprises as a self-funding unit, marketing products relating to the ABC's activities. It was renamed in 2007 to ABC Commercial, with the former director of New Media and Digital Services, Lynley Marshall, a ...
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Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct Commercial law, legal entities for the purposes of taxation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate enti ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in its journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. S ...
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Southbank, Victoria
Southbank is an inner-city suburb in Melbourne, Victoria, Australia, south of the Melbourne central business district, located within the Cities of City of Melbourne, Melbourne and City of Port Phillip, Port Phillip Local government areas of Victoria, local government areas. Southbank recorded a population of 22,631 at the 2021 Australian census, 2021 census. Its southernmost area is considered part of the central business district of the city. Southbank is bordered to the north by the Yarra River, and to the east by St Kilda Road. Southbank's southern and western borders are bounded by Dorcas Street, Princes Highway, Kings Way, Market Street, Ferrars Street, and a triangle bordered by Gladstone Street, Montague Street and the West Gate Freeway. Southbank was formerly a mostly industrial area, and simply part of the locality of South Melbourne, and the City of South Melbourne. It was transformed into a densely populated district of high rise apartment and office buildings begi ...
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Melbourne Arts Precinct
The Melbourne Arts Precinct is home to a series of galleries, performing arts venues and spaces located in the Southbank district of Melbourne, Victoria, Australia. It includes such publicly-funded venues as Arts Centre Melbourne, National Gallery of Victoria and Southbank Theatre, along with various offices and training institutions of arts organisations. As of 2022 the precinct is undergoing a major transformation, including the build of Australia’s largest contemporary art gallery, The Fox: NGV Contemporary. History In 2008, it was announced by the Government of Victoria the precinct would receive a A$128 million upgrade, with the major refurbishment of Hamer Hall as its centrepiece. The combined Melbourne Recital Centre and MTC Theatre complex, which opened in February 2009, won the Moore Stephens Award for Public Buildings at the Property Council of Australia - the country's highest award for a public building. In 2014, the Victorian government released the Melb ...
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Elsternwick
Elsternwick is an inner suburb in Melbourne, Victoria (Australia), Victoria, Australia, 9 km south-east of Melbourne's Melbourne city centre, Central Business District, located within the City of Glen Eira local government areas of Victoria, local government area. Elsternwick recorded a population of 10,887 at the 2021 Australian census, 2021 census. Administrative division In terms of its Cadastral divisions of Australia, cadastral division, Elsternwick is in the Civil parish#Parishes in other countries, parish of Prahran within the County of Bourke, Victoria, County of Bourke. Location Elsternwick is bounded by the Nepean Highway, Elster Avenue, Kooyong Road, Glen Eira Road, and Hotham Street (the continuation of Williams Road). Formerly Elsternwick covered the area located in the City of Bayside bounded by Head/Bridge Street, Nepean Highway, Glen Huntly Road and St. Kilda Street. This includes the cricket ground (originally the home of the Elsternwick Cricket Club) an ...
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Ripponlea, Victoria
Ripponlea is an inner suburb in Melbourne, Victoria, Australia, 7 km south-east of Melbourne's Central Business District, located within the City of Port Phillip local government area. Ripponlea recorded a population of 1,532 at the 2021 census. Named after the adjoining Rippon Lea Estate, Ripponlea is centred on the intersection of Glen Eira Road and Hotham Street. In terms of its cadastral division, Ripponlea is in the Parish of Prahran, within the County of Bourke. Boundaries Ripponlea is known for its triangle shape, being bounded by Nepean Highway to the east, Hotham Street to the west and Glen Eira Road to the north. However, its official northern boundaries actually follow Albion Street and Oak Grove. History The suburb is named after the Rippon Lea Estate. After the death of Frederick Sargood in 1903, the estate's original owner, some of his property was subdivided to form the current suburb of Ripponlea. Quat Quatta is another historic building, being bui ...
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The Sydney Morning Herald
''The Sydney Morning Herald'' (''SMH'') is a daily Tabloid (newspaper format), tabloid newspaper published in Sydney, Australia, and owned by Nine Entertainment. Founded in 1831 as the ''Sydney Herald'', the ''Herald'' is the oldest continuously published newspaper in Australia and claims to be the most widely read masthead in the country. It is considered a newspaper of record for Australia. The newspaper is published in Compact (newspaper), compact print form from Monday to Saturday as ''The Sydney Morning Herald'' and on Sunday as its sister newspaper, ''The Sun-Herald'' and digitally as an Website, online site and Mobile app, app, seven days a week. The print edition of ''The Sydney Morning Herald'' is available for purchase from many retail outlets throughout the Sydney metropolitan area, most parts of regional New South Wales, the Australian Capital Territory and South East Queensland. Overview ''The Sydney Morning Herald'' publishes a variety of supplements, including ...
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The Conversation (website)
''The Conversation'' is a network of nonprofit media outlets publishing news stories and research reports online, authored by academics with professional journalist editors to produce accessible research-informed outputs. Articles are written by academics and researchers under a Creative Commons license, allowing reuse without modification. Copyright terms for images are generally listed in the image caption and attribution. Its model has been described as explanatory journalism. Except in "exceptional circumstances", it only publishes articles by "academics employed by, or otherwise formally connected to, accredited institutions, including universities and accredited research bodies". The website was launched in Australia in March 2011. The network has since expanded globally with a variety of local editions originating from around the world. In September 2019, ''The Conversation'' reported a monthly online audience of 10.7 million users, and a combined reach o ...
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Gross Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ...
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Sydney
Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about 80 km (50 mi) from the Pacific Ocean in the east to the Blue Mountains (New South Wales), Blue Mountains in the west, and about 80 km (50 mi) from Ku-ring-gai Chase National Park and the Hawkesbury River in the north and north-west, to the Royal National Park and Macarthur, New South Wales, Macarthur in the south and south-west. Greater Sydney consists of 658 suburbs, spread across 33 local government areas. Residents of the city are colloquially known as "Sydneysiders". The estimated population in June 2024 was 5,557,233, which is about 66% of the state's population. Estimated resident population, 30 June 2017. The city's nicknames include the Emerald City and the Harbour City. There is ev ...
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Royalties
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.Guidelines for Evaluation of Transfer of Technology Agreements, United Nations, New York, 1979 A royalty interest is the right to collect a stream of future royalty payments. A license agreement defines the terms under which a resource or property are licensed by one party ( party means the periphery behind it) to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. License agreements can be regulated, particularly where a government is the resource owner, or they can be private contracts that follow a general structure. However, certain types of franchise ag ...
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Australian Business Register
The Australian Business Number (ABN) is a unique 11-digit identifier issued by the Australian Business Register (ABR) which is operated by the Australian Taxation Office (ATO). The ABN was introduced on 1 July 2000 by John Howard's Liberal government as part of a major tax reform, which included the introduction of a GST. The law requires each entity that carries on a business in Australia has an ABN and that the ABN appear on each tax invoice and other tax related documents issued by the entity. Australian Business Register The Australian Business Register (ABR) is maintained by the Registrar of the ABR, who is also the Commissioner of Taxation. The Registrar registers entities, issuing them with an ABN, while the Commissioner of Taxation issues the entity a tax file number. Entitlement to an ABN The Registrar issues ABNs only to entities that are entitled to an ABN, which can be: * an individual, * a body corporate, * a corporation sole, * a body politic, * a partnership, ...
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