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Victorian Ports Corporation (Melbourne)
The Victorian Ports Corporation (Melbourne) (VPCM) is a statutory authority of the Government of Victoria created to succeed the Port of Melbourne Corporation as the government regulator of shipping in Port Phillip Bay after the lease of the Port of Melbourne in 2016. In 2021, it was merged with the Victorian Regional Channels Authority into a new agency, Ports Victoria. History In mid-2015, the government of Premier Daniel Andrews announced that the Port of Melbourne would be leased to a private operator, in order to fund a program of level crossing removals, with the government remaining the landowner. In August 2016, with negotiations on the lease underway, the Victorian Ports Corporation (Melbourne) was introduced as the agency which would perform the government's remaining functions in the operation of the port, including management of the shipping channels in Port Phillip Bay, waterside emergency services, and the operation of the Station Pier facility for cruise shi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Authority
A statutory body or statutory authority is a body set up by law (statute) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being Primary and secondary legislation, empowered or delegated to set rules (for example regulations or Statutory instrument, statutory instruments) in their field. They are typically found in countries which are governed by a Westminster system, British style of parliamentary democracy such as the United Kingdom and the Commonwealth of Nations, Commonwealth countries like Australia, Canada, India and New Zealand. They are also found in Israel and elsewhere. Statutory authorities may also be statutory corporation, statutory corporations, if created as a body corporate. Australia Definitions Federal statutory authorities are established under the ''PGPA Act 2013''. "A statutory authority is a generic term for an authorisation by Parliament given to a person or group of people to exercise specific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipping Channel
In physical geography, a channel is a type of landform consisting of the outline of a path of relatively shallow and narrow body of water or of other fluids (e.g., lava), most commonly the confine of a river, river delta or strait. The word is cognate to canal, and sometimes takes this form, e.g. the Hood Canal. Formation Channel initiation refers to the site on a mountain slope where water begins to flow between identifiable banks.Bierman, R. B, David R. Montgomery (2014). Key Concepts in Geomorphology. W. H. Freeman and Company Publishers. United States. This site is referred to as the channel head and it marks an important boundary between hillslope processes and fluvial processes. The channel head is the most upslope part of a channel network and is defined by flowing water between defined identifiable banks. A channel head forms as overland flow and/or subsurface flow accumulate to a point where shear stress can overcome erosion resistance of the ground surface. Channel hea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport For Victoria
Transport for Victoria is a statutory office of the Department of Transport that is responsible for the planning and coordination of all transport systems in Victoria, Australia. It acts as an umbrella agency for Public Transport Victoria (PTV, the statutory authority that manages all public transit in Victoria, including trains, trams and buses) and VicRoads (the statutory authority that manages Victoria's roads). History The formation of Transport for Victoria was jointly announced on 27 June 2016, by Jacinta Allan, Minister for Public Transport, and Luke Donnellan, Minister for Roads. At the time, the government anticipated that TFV would eventually become a single point of information for travel within Victoria, as well as a coordinating agency for the planning of transport infrastructure. Adam Carey, writing in ''The Age'', suggested that the new authority would only undermine the role of the then recently established PTV as an umbrella agency. The organization became ope ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luke Donnellan
Luke Anthony Donnellan (born 26 March 1966) is a former Australian politician. He was a Labor Party member of the Victorian Legislative Assembly between 2002 and his retirement in 2022, representing Narre Warren North. He was the Minister for Child Protection and the Minister for Disability, Ageing and Carers in the Second Andrews Ministry from December 2018 until October 2021. He also served as the Minister for Roads and Road Safety and Minister for Ports in the First Andrews Ministry from December 2014 to December 2018. He was a key figure in the lease of the Port of Melbourne, and led negotiations with cross benchers to enable the legislation to pass through the Victorian Parliament. He is associated with the Labor Unity faction. Political career Entry into politics In 2002, Donnellan was preselected as the Labor candidate for Narre Warren North, a new seat with a notional Liberal majority. He defeated the Liberal candidate and has held the seat since. In 2006, he was ap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Infrastructure Partners
Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energy, transport and water & waste sectors. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney and operational headquarters in Stamford, Connecticut. In total as of 2018, its portfolio companies employ approximately 21,000 people. History Global Infrastructure Partners was established in May 2006. Two founding investors in its first fund, GIP I, were Credit Suisse and General Electric. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. The firm's first investment was announced in October 2006. It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. GIP announced t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OMERS
The Ontario Municipal Employees Retirement System (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario. OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local government employees in the Canadian province of Ontario. , OMERS had C$121 billion of assets under management. OMERS serves over 1,000 participating employers and more than half a million active, deferred and retired employees. OMERS members are employed by municipalities, school boards, transit systems, local electrical distribution companies, police service boards, fire fighting and paramedic services, children's aid societies and associated local agencies, boards and commissions. In 2010, this fund also takes care of the pensions of firefighters, police officers, emergency physicians, employees of the Children's Aid Society, school employees oth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Government
The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federal parliamentary constitutional monarchy. Like other Westminster-style systems of government, the Australian Government is made up of three branches: the executive (the prime minister, the ministers, and government departments), the legislative (the Parliament of Australia), and the judicial. The legislative branch, the federal Parliament, is made up of two chambers: the House of Representatives (lower house) and Senate (upper house). The House of Representatives has 151 members, each representing an individual electoral district of about 165,000 people. The Senate has 76 members: twelve from each of the six states and two each from Australia's internal territories, the Australian Capital Territory and Northern Territory. The Australian monarch, currently King Charles III, is represented by the governor-general. The Australian Government in its executive ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Future Fund
The Future Fund is an independently managed sovereign wealth fund established in 2006 to strengthen the Australian Government's long-term financial position by making provision for unfunded superannuation liabilities for politicians and other public servants that will become payable during a period when an ageing population is likely to place significant pressure on the Commonwealth's finances. In 2021 the fund had US$143.7 billion in assets under management. The board of the Future Fund also manages another five public asset funds, giving it responsibility for investing over A$210 billion on behalf of the Australian Government. Purpose The legislation establishing the Future Fund describes its main object as being 'to strengthen the Commonwealth's long-term financial position'. While legislation permits withdrawals from the fund from 1 July 2020, the government indicated in 2017 it intends to allow the fund to continue to accumulate until at least 2026/27 before making withd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Queensland Investment Corporation
QIC (Queensland Investment Corporation) is a Government owned investment company owned by the Queensland Government. It was founded on 1 July 1991 pursuant to the ''Queensland Investment Corporation Act 1991'' to serve the long-term investment responsibilities of the Queensland Government. As of 30 September 2008, the organisation converted from a statutory Government owned corporation (GOC) to a company GOC and was renamed QIC Limited (QIC). QIC has now grown into a leading long-term specialist manager in alternatives. Assets QIC has investments in both Australia and the United States. Most of its shopping mall investments are through a 49% shareholding in a joint venture with Forest City Enterprises. In 2017, QIC reached an agreement to buy Forest City's interest in six of FC's eleven mall investments and an option to buy four others, excluding Charleston Town Center Mall in Charleston, WV. Forest City's US shopping centre management operation would also transfer to QIC. Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lease
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it can r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
