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Jan Cameron
Jan Cameron is a New Zealand-Australian businesswoman and formerly Australia's fourth-richest woman. She made her fortune as the founder of the Kathmandu clothing and outdoor equipment company. She currently lives in Bicheno, Tasmania. She runs various companies and business interests, which together span Britain, New Zealand and Australia. She is a philanthropist and supporter of animal welfare. In 2006, Cameron sold 51% of her share of Kathmandu for A$247 million, making her the fourth-richest woman in Australia. It was reported in September 2013 she had lost almost 90% of her fortune in the collapse of her company Retail Adventures, which entered receivership earlier that year. Companies Cameron was the sole shareholder of Retail Adventures, when it was placed into receivership in 2012 with debts to unsecured creditors of $165 million. In early 2013 she successfully bid to buy the company out of receivership for $58.9 million. Bentham IMF litigation funders gave notice in ...
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Melbourne
Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a metropolitan area known as Greater Melbourne, comprising an urban agglomeration of 31 local municipalities, although the name is also used specifically for the local municipality of City of Melbourne based around its central business area. The metropolis occupies much of the northern and eastern coastlines of Port Phillip Bay and spreads into the Mornington Peninsula, part of West Gippsland, as well as the hinterlands towards the Yarra Valley, the Dandenong and Macedon Ranges. It has a population over 5 million (19% of the population of Australia, as per 2021 census), mostly residing to the east side of the city centre, and its inhabitants are commonly referred to as "Melburnians". The area of Melbourne has been home to Aboriginal ...
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Australian Securities Exchange
Australian Securities Exchange Ltd or 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. 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, promotes standards of corporate governance am ...
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Wotif
Wotif is a website that provides a reservation service for hotels in Australia and international destinations across the globe. It was set up in March 2000 by Graeme Wood in Brisbane, Australia. It has since established offices in Canada, Malaysia, New Zealand, Singapore and the United Kingdom. Wotif.com was listed on the Australian Stock Exchange on 2 June 2006, but unlisted when it was acquired by Expedia. Wotif provides information for the coming three months. Originally details were provided seven days in advance, expanded to 14 days in February 2001, to 28 in September 2005 (around the time it first sought a listing on the Australian Securities Exchange), and later to 3 months. In October 2007, Robbie Cooke became CEO, taking over from founder Graeme Wood, who moved to the position of executive director. In October 2007, Wotif acquired Australian travel website Travel.com.au for $57 million. In July 2014, Expedia agreed to buy Wotif for about US$657 million ($AU703 mil ...
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The Australian
''The Australian'', with its Saturday edition, ''The Weekend Australian'', is a broadsheet newspaper published by News Corp Australia since 14 July 1964.Bruns, Axel. "3.1. The active audience: Transforming journalism from gatekeeping to gatewatching." (2008). "''The Australian'' has long positioned itself as a loyal supporter of the incumbent government of Prime Minister John Howard, and is widely regarded as generally favouring the conservative side of politics." As the only Australian daily newspaper distributed nationally, its readership of both print and online editions was 2,394,000. Its editorial line has been self-described over time as centre-right. Parent companies ''The Australian'' is published by News Corp Australia, an asset of News Corp, which also owns the sole daily newspapers in Brisbane, Adelaide, Hobart, and Darwin, and the most circulated metropolitan daily newspapers in Sydney and Melbourne. News Corp's Chairman and Founder is Rupert Murdoch. ''Th ...
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Cygnet, Tasmania
Cygnet is a town in the Huon Valley, south of Huonville, Tasmania. History The bay on which Cygnet sits was originally named by the Indigenous people who occupied a large territory in South East Tasmania, including Cygnet, Hobart and Bruny Island. Tasmanian leader & elder, Wooraddy, came from Bruny Island. The bay was later named ''Port des Cygnes'' (Port of Swans) by French navigator Bruni D'Entrecasteaux in 1793, because he observed a large number of black swans in the area. The first European settler in the district was William Nichols in 1834. Nichols received a grant for three hundred and twenty acres of land on the north side of Port Cygnet in 1829. After the land had been cleared and accommodation built, Nichols moved his family to this property. At the time the property was only accessible by a walking track from Browns River or up the river by boat. His grandson, John Wilson, established a shipbuilding business at what was now known as Port Cygnet. Until the end of t ...
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Devil Facial Tumour Disease
Devil facial tumour disease (DFTD) is an aggressive non-viral clonally transmissible cancer which affects Tasmanian devils, a marsupial native to Australia. DFTD was first described in 1996. In the subsequent decade the disease ravaged Tasmania's wild devils. Affected high-density populations had up to 100% mortality in 12–18 months. Between 1996 and 2015, DFTD wiped out 95% of affected populations. Clinical signs There is often more than one primary tumour. Visible signs of DFTD begin with lumps of soft tissue around the mouth, which ulcerate. Tumours are locally aggressive, destroying the underlying bone of the jaw which interferes with feeding. Tumours may also cover the eyes. Devils usually die within six months from organ failure, secondary infection, or metabolic starvation. DFTD is rare in juveniles. It affects males and females equally. Transmission The most plausible route of transmission is through biting, particularly when canine teeth come into direct contact with ...
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Tasmanian Devil
The Tasmanian devil (''Sarcophilus harrisii'') (palawa kani: purinina) is a carnivorous marsupial of the family Dasyuridae. Until recently, it was only found on the island state of Tasmania, but it has been reintroduced to New South Wales in mainland Australia, with a small breeding population. The size of a small dog, the Tasmanian devil became the largest carnivorous marsupial in the world following the extinction of the thylacine in 1936. It is related to quolls, and distantly related to the thylacine. It is characterised by its stocky and muscular build, black fur, pungent odour, extremely loud and disturbing screech, keen sense of smell, and ferocity when feeding. The Tasmanian devil's large head and neck allow it to generate among the strongest bites per unit body mass of any extant predatory land mammal. It hunts prey and scavenges on carrion. Although devils are usually solitary, they sometimes eat and defecate together in a communal location. Unlike most other da ...
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Freycinet Peninsula
The Freycinet Peninsula is a large peninsula located on the eastern coast of Tasmania, Australia. The peninsula is located north of Schouten Island and is contained within the Freycinet National Park. The locality of Freycinet is in the local government area of Glamorgan–Spring Bay in the south-east region of Tasmania. The locality is about north-east of the town of Swansea. Features and location The peninsula is a large, dramatic land formation carved into Tasmania's eastern coastline. Known for its pink granite mountain range, The Hazards, and its sheltered, white sand beaches, the peninsula is the location for Freycinet National Park, the first national park to be declared in Tasmania, along with Mt Field National Park. Also on the peninsula is the village of Coles Bay, the Friendly Beaches Reserve, and Wineglass and Honeymoon bays. It covers an area of 65 square kilometres. Two sandpits connect the peninsula to the mainland. It is surrounded by Schouten Passage and I ...
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Herald Sun
The ''Herald Sun'' is a conservative daily tabloid newspaper based in Melbourne, Australia, published by The Herald and Weekly Times, a subsidiary of News Corp Australia, itself a subsidiary of the Murdoch owned News Corp. The ''Herald Sun'' primarily serves Melbourne and the state of Victoria and shares many articles with other News Corporation daily newspapers, especially those from Australia. It is also available for purchase in Tasmania, the Australian Capital Territory and border regions of South Australia and southern New South Wales such as the Riverina and New South Wales South Coast, and is available digitally through its website and apps. In 2017, the paper had a daily circulation of 350,000 from Monday to Friday. The ''Herald Sun'' newspaper is the product of a merger in 1990 of two newspapers owned by The Herald and Weekly Times Limited: the morning tabloid paper ''The Sun News-Pictorial'' and the afternoon broadsheet paper '' The Herald''. It was first pu ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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Administration (law)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administ ...
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Convertible Note
In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering. Convertible bonds are most often issued by companies with a low credit rating and high growth potential. Convertible bonds are also considered debt security because the companies agree to give fixed or floating interest rate as they do in common bonds for the funds of investor. To compensate for having additional value through the option to convert the bond to stock, a convertible bond typically has a coupon rate lower than that of similar, non-convertible debt. The investor receives the poten ...
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