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Australia

September 23, 2009

Ron Walker, the non-family chairman of Fairfax Media Ltd, will meet with investors next week to discuss his continuation with the company after two board members, both of the founding Fairfax family, stated they would not support his re-election as chairman.

Ron Walker, the non-family chairman of Fairfax Media Ltd, will meet with investors next week to discuss his continuation with the company after two board members, both of the founding Fairfax family, stated they would not support his re-election as chairman.
 

September 2, 2008

An Australian university has launched the first ever online degree dedicated to family business.

An Australian university has launched the first ever online degree dedicated to family business. Deakin University, which is based in Melbourne, will offer a Graduate Certificate of Management (Family Business) from March 2009.
 

July 1, 2008

When Filippo and Maria Casella began their new life in Australia they could not have envisaged “Casella” becoming a household name. Bruce Love finds out how the family’s Yellowtail brand is already well on the way to reaching this milestone

When Filippo and Maria Casella began their new life in Australia they could not have envisaged "Casella" becoming a household name. Bruce Love finds out how the family's Yellowtail brand is already well on the way to reaching this milestone

June 12, 2008

Recent setbacks in the Indian and Chinese stock markets have served as a stark reminder that the region still carries risk and volatility for European families looking to invest heavily in emerging markets.

Recent setbacks in the Indian and Chinese stock markets have served as a stark reminder that the region still carries risk and volatility for European families looking to invest heavily in emerging markets, according to Toby Osborne, director of GSL Private Investors and scion of Melbourne's entrepreneurial Osborne family.

Speaking last week at Campden's Family Investment Workshop in London, Osborne said that although there are substantial gains to be had in China and India, private investors should be aware that with high potential gains comes increased risk and volatility.

April 8, 2008

A joint venture led by two next generation members of Australia’s most powerful families has ended after only two months.

A joint venture led by two next generation members of Australia's most powerful families has ended after only two months. Lachlan Murdoch, son of News Corp chief Rupert, has written to Consolidated Media Holdings stating that the deal he was pursuing with CMH executive deputy chairman James Packer (pictured) to purchase the firm is off.

The letter from Murdoch stated that they are "not in a position to proceed with the Indicative Proposal due to material changes in the overall transaction terms. Accordingly, the Indicative Proposal has been withdrawn."

March 27, 2008

An Australian family firm is selling part of its horse training and breeding business to Middle Eastern royalty.

An Australian family firm is selling part of its horse training and breeding business to Middle Eastern royalty. Through his global thoroughbred breeding operation Darley, Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, has purchased the Bloodstock operation of Inghams Enterprises for an undisclosed sum. The sale includes all the Bloodstock training stables in southern Australia.

March 1, 2008

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

Dennis Jaffe is a founding partner of Relative Solutions.

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

November 1, 2005

One-third of Australian family business leaders do not know who is going to take over the business when they retire. And a study also has revealed that more than a quarter of them do not have an exit strategy in place.

One-third of Australian family business leaders do not know who is going to take over the business when they retire. And a study also has revealed that more than a quarter of them do not have an exit strategy in place.

November 1, 2004

Australia’s federal government has called for submissions from family businesses so it can better meet the needs of the country’s largest business sector.

Australia's federal government has called for submissions from family businesses so it can better meet the needs of the country's largest business sector. This is welcome news. Australia's small business minister Joe Hockey made the pledge after a debate with opposition finance and small business spokesman Bob McMullan at a national conference held earlier this year. Mr Hockey says family businesses are the engine of the Australian economy and are major contributors to the country's GDP. He is right.

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