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Wingecarribee Shire
Wingecarribee Shire is the local government area of the Southern Highlands in the state of New South Wales, Australia. The Wingecarribee Shire is around southwest of the Sydney central business district and is part of regional Capital Country and to some extent can be considered part of the Southern Tablelands. Wingecarribee Shire covers an area of that is typically referred to as the ''Southern Highlands''. Wingecarribee Shire is an important catchment area for water supply to Sydney, Wollongong and the Northern Shoalhaven. The Council seat and Chambers is in Moss Vale. However, the centre of commerce of the Shire is in Bowral. The Shire came into existence on 1 January 1981 as an amalgamation of the three previous local government areas that made up the Southern Highlands; Mittagong Shire Council (previously Nattai Shire Council), Bowral Municipality Council and the former Wingecarribee Shire (based in Moss Vale). In 2012, the Wingecarribee Shire Council won a landmark ...
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Local Government In Australia
Local government is the third level of government in Australia, administered with limited autonomy under the states and territories, and in turn beneath the federal government. Local government is not mentioned in the Constitution of Australia, and two referendums in 1974 and 1988 to alter the Constitution relating to local government were unsuccessful. Every state/territory government recognises local government in its own respective constitution. Unlike the two-tier local government system in Canada or the United States, there is only one tier of local government in each Australian state/territory, with no distinction between counties and cities. The Australian local government is generally run by a council, and its territory of public administration is referred to generically by the Australian Bureau of Statistics as the local government area or LGA, each of which encompasses multiple suburbs or localities often of different postcodes; however, stylised terms such a ...
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Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ...
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Robertson, New South Wales
Robertson is a town in the Southern Highlands of New South Wales, Australia, in Wingecarribee Shire. The town is located on the edge of an elevated plateau (the Illawarra escarpment) about from the coast. Robertson is known for its high annual rainfall and fertile soil. It was previously covered by an extensive temperate rainforest, most of which has been cleared for farming though remnants such as Robertson Nature Reserve still exist. The town is colloquially known as "Robbo" by the locals. The town is surrounded by lush pasture used for beef and dairy production. It was once famous for cheese production; its distance from, and poor transport to, the Sydney markets meant that in the early days fresh milk was not a viable industry and so the key dairy industries were butter and cheese. The remnants of the cheese industry are seen with one of the old cheese factories remaining in the town; it has been converted into a commercial row of shops. There is also the remnants of an ...
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Mittagong, New South Wales
Mittagong () is a town located in the Southern Highlands of New South Wales, Australia, in Wingecarribee Shire. The town acts as the gateway to the Southern Highlands when coming from Sydney. Mittagong is situated at an elevation of . The town is close to Bowral, Berrima, Moss Vale and the Northern Villages such as Yerrinbool and Colo Vale. Moreover, Mittagong is home to many wineries of the Southern Highlands which has been a recent growing wine and cellar door region. Geography The town lies between three small mountain reserves, Mount Alexandra above sea level, Mount Gibraltar above sea level and Ninety Acre Hill (part of the greater Gibbergunyah Reserve) above sea level. Popular among locals and visitors is a small man made lake, Lake Alexandra, that feeds into the nearby Nattai River. Lookouts are available at all three reserves for viewing. Lookouts on Mount Gibraltar include Bowral Lookout, Mittagong Lookout and Mount Jellore Lookout. Lookouts on Mount Alexan ...
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Councillor
A councillor is an elected representative for a local government council in some countries. Canada Due to the control that the provinces have over their municipal governments, terms that councillors serve vary from province to province. Unlike most provincial elections, municipal elections are usually held on a fixed date of 4 years. Finland ''This is about honorary rank, not elected officials.'' In Finland councillor (''neuvos'') is the highest possible title of honour which can be granted by the President of Finland. There are several ranks of councillors and they have existed since the Russian Rule. Some examples of different councillors in Finland are as follows: * Councillor of State: the highest class of the titles of honour; granted to successful statesmen * Mining Councillor/Trade Councillor/Industry Councillor/Economy Councillor: granted to leading industry figures in different fields of the economy *Councillor of Parliament: granted to successful statesmen *Off ...
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Mayor
In many countries, a mayor is the highest-ranking official in a municipal government such as that of a city or a town. Worldwide, there is a wide variance in local laws and customs regarding the powers and responsibilities of a mayor as well as the means by which a mayor is elected or otherwise mandated. Depending on the system chosen, a mayor may be the chief executive officer of the municipal government, may simply chair a multi-member governing body with little or no independent power, or may play a solely ceremonial role. A mayor's duties and responsibilities may be to appoint and oversee municipal managers and employees, provide basic governmental services to constituents, and execute the laws and ordinances passed by a municipal governing body (or mandated by a state, territorial or national governing body). Options for selection of a mayor include direct election by the public, or selection by an elected governing council or board. The term ''mayor'' shares a linguistic ...
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Collateralized Debt Obligation
A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS).Lepke, Lins and Pi card, ''Mortgage-Backed Securities'', ยง5:15 (Thomson West, 2014). Like other private label securities backed by assets, a CDO can be thought of as a promise to pay investors in a prescribed sequence, based on the cash flow the CDO collects from the pool of bonds or other assets it owns. Distinctively, CDO credit risk is typically assessed based on a probability of default (PD) derived from ratings on those bonds or assets. The CDO is "sliced" into sections known as "tranches", which "catch" the cash flow of interest and principal payments in sequence based on seniority. If some loans default and the cash collected by the CDO is insufficient to pay all of its investors, those in the lowest, most "junior" tranches suffer loss ...
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Federal Court Of Australia
The Federal Court of Australia is an Australian superior court of record which has jurisdiction to deal with most civil disputes governed by federal law (with the exception of family law matters), along with some summary (less serious) and indictable (more serious) criminal matters. Cases are heard at first instance by single judges. The court includes an appeal division referred to as the Full Court comprising three judges, the only avenue of appeal from which lies to the High Court of Australia. In the Australian court hierarchy, the Federal Court occupies a position equivalent to the supreme courts of each of the states and territories. In relation to the other courts in the federal stream, it is superior to the Federal Circuit and Family Court of Australia for all jurisdictions except family law. It was established in 1976 by the Federal Court of Australia Act. The Chief Justice of the Federal Court is James Allsop. Jurisdiction The Federal Court has no inherent jurisdicti ...
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Lehman Brothers
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill (company), Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, Stock, equity, Bond (finance), fixed-income and Derivative (finance), derivatives sales and stock trading, trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehm ...
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Class Action
A class action, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class action originated in the United States and is still predominantly a US phenomenon, but Canada, as well as several European countries with civil law, have made changes in recent years to allow consumer organizations to bring claims on behalf of consumers. Description In a typical class action, a plaintiff sues a defendant or a number of defendants on behalf of a group, or class, of absent parties. This differs from a traditional lawsuit, where one party sues another party, and all of the parties are present in court. Although standards differ between states and countries, class actions are most common where the allegations usually involve at least 40 people who the same defendant has injured in the same way. Instead of each damaged person brin ...
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Bowral
Bowral () is the largest town in the Southern Highlands of New South Wales, Australia, about ninety minutes southwest of Sydney. It is the main business and entertainment precinct of the Wingecarribee Shire and Highlands. Bowral once served as a rural summer retreat for the gentry of Sydney, resulting in the establishment of a number of estates and manor houses in the district. Today, it is considered a "dormitory suburb" for commuter Sydneysiders, though it is 132 km away from the city centre. Bowral is often associated with the cricketer Sir Donald Bradman. Bowral is close to several other historic towns, being from Mittagong, from both Moss Vale and Berrima. The suburb of East Bowral and the village of Burradoo are nearby. History Bowral's colonial history extends back for approximately 200 years. During the pre-colonial era, the land was home to an Aboriginal tribe known as Tharawal (or Dharawal). The first European arrival was ex-convict John Wilson, who w ...
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Shoalhaven River
The Shoalhaven River is a perennial river that rises from the Southern Tablelands and flows into an open mature wave dominated barrier estuary near Nowra on the South Coast of New South Wales, Australia. Location and features The Shoalhaven River rises on the eastern side of the Great Dividing Range, below Euranbene Mountain, about southwest of Sydney. The upper reaches of the river flow northwards through an upland pastoral district near the town of Braidwood. The river works its way down into a remote canyon east of Goulburn and emerges into the coastal lowlands at Nowra in the Shoalhaven district, where it is spanned by the historic Nowra Bridge. The river is joined by thirty-four tributaries, including the Mongarlowe, Corang, Endrick, and Kangaroo rivers, and descends over its course. Berrys Canal The estuary has two entrances, approximately apart, that flow into the Shoalhaven Bight within the Tasman Sea of the South Pacific Ocean. The southern entrance is l ...
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