...advising bank by acceptance of beneficiary’s draft at 90 days sight on the advising bank. (2) Drawer bank’s discount and/or interest charges and acceptance commission are for the account of applicant and therefore the beneficiary is to receive value for the term drafts as if drawn at sight. (3) We are authorized to pay claim in respect of your discount amount relating to this credit in excess of the credit amount. (4) Upon receipt of full set of documents in conformity with credit terms, we shall credit draft amount as indicated on BP Advice plus discount and other charges at maturity to the credit of your Beijing Office DEM account with us. |Name of Issuing Bank: |Irrevocable | |COMMERZE BANK AG. |Documentary Credit Number329485 | |Place and Date of Issue: |Expiry date and Place for Presentation of documents | |Hamburg, 2 March, 200X |Expiry Date: | | |Place for Presentation: | |Applicant: | | |Karl and Rosendner Co., Hamburg | | |Advising Bank: Reference...
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...as Banking on Australia, that will change the way they work together to make keeping money less demanding and backing our clients, our kin and group to advance. ANZ has a glad legacy of over 180 years. They work in 34 advertises all inclusive with representation in Australia, New Zealand, Asia, Pacific, Europe, America and the Middle East. ANZ is among the main 4 banks in Australia, the biggest keeping money bunch in New Zealand and Pacific, and among the main 50 banks on the planet. ANZ world base camp is situated in Melbourne. It initially opened as the Bank of Australasia in Sydney in 1835 and in Melbourne from 1838. ANZ was built up on 1 October 1951, when the Bank of Australasia converged with the Union Bank of Australia Limited. Michael Smith Chief Executive Officer Michael Smith is Chief Executive Officer of Australia and New Zealand Banking Group Limited (ANZ). Until June 2007, Mr. Smith was President and Chief Executive Officer, The Hong Kong and Shanghai Banking Corporation Limited; Chairman, Hang Seng Bank Limited; Global Head of Commercial Banking for the HSBC Group; and Chairman, HSBC Bank Malaysia Berhad. Mr. Smith joined the HSBC Group in 1978 and amid his 29-year vocation he held a wide mixed bag of posts in Hong Kong and the Asia-Pacific locale, the United Kingdom, Australia, the Middle East and South America, incorporating arrangements in Commercial, Institutional and Investment Banking, Planning and Strategy, Operations and General Management. ...
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...About Melbourne Located in the Southern portion of Brevard County, Melbourne is a beautiful and warm coastal city. The city's Space Coast location is a benefit to its nearly 80,000 full-time residents, many of whom are professionals and young families. The prosperous city, nestled on the banks of the Indian River Lagoon and the Atlantic Ocean, provides many unique opportunities for recreation. The area's unparalleled natural amenities and strong communal bond make Melbourne one of the greatest city's to work, live and raise a family. Melbourne History The first non-native settlers to the area created homesteads on the land surrounding the natural harbor of the Indian River Lagoon. In its earliest days, the small community was called Crane...
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...Meeting name: 2015 Business Retreat Planning Meeting purpose: To agree on a business retreat destination from a list identifying three destinations (Fiji, Noosa or Melbourne) Participants Participant name Reason for participation Margaret Banks National Sales Manager, NM Pty Ltd Margaret Donovan (Minute taker) Personal Assistant to National Sales Manager Eli Chintz Human Resources Manager Adriana Barker Social Media Consultant Ron Weasley Finance Manager Meeting format What format have you chosen for this meeting and why? The meeting format chosen is a face-to-face meeting which will include three of the four individuals who work at Head Office as well as Adriana Barker, Social Media Consultant who works off-site. Ron Weasley is currently located in the company’s secondary office undertaking a financial audit and video-conferencing will be utilized to ensure he can be part of this important discussion. We chose this format to allow for ease of small group discussion in order to maximize collaboration and come to the best possible team decision regarding the site for the 2015 business retreat. In order to facilitate the discussion and still achieve specific outcomes, a structured agenda was used which also allowed time for general discussion. Invitation What format did you use for your invitation and why did you choose this format? The meeting format chosen is a face-to-face meeting which will include three of the four individuals who work at Head Office...
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...Summary The world's biggest miner BHP Billiton (BHP) is cutting jobs at its coal mines after closing a loss-making mine thoroughly in Queensland early this year (Stewart 2012). BHP's job cuts is accompanied by other global mining companies such as Rio Tinto to confront a retrogressive market with falling industrial commodity prices and increasing costs. The future of Australia's mining boom which is largely dependent on Chinese demand for commodities driven by its economic growth is of particular concern (Stewart 2012). Application of Concepts Both economic environment and the concept of corporate social responsibility (CSR) can be demonstrated in this article. In particular, the nature of BHP's mining business, which is regarded as a significant contributor to Australian economy (Maddock and McLean 1987) determines its need to pay close attention to the opportunities and threats posed by the global economic environment (Blainey 2003). For example, slowdown in China's economic growth and recent European economic recession have impact on Australia's resource exports (Stevens 2012). The Australian mining industry which has once benefited from the surge in demand driven by the rapid growth of emerging economies in Asia since 2003 and the shortage of global supply (Stevens 2012) is now facing a difficult period signaled by the drop of China's GDP growth from 10 per cent to a mere 8 per cent (Connolly and Orsmond 2011). China's demand for resources has declined as a result...
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...so sites that use TLS require users to enter a password to log in, and if valid password is entered all subsequent information is sent via an encrypted channel Password authentication – every user of a site is given a unique user name and password, therefore unauthorised users who attempt to access the site with incorrect passwords will be denied entry, so the first line of defense against breaches of security and privacy Anti-virus programs – need to be installed on all computers and servers and should be updated regularly to avoid data and to be destroyed or stolen Secure payments – can be organised by banks or other payment processing organisations and instruct an organisation how to establish the necessary systems to provide end-to-end encryption of customer credit card or bank account information between the customer’s computer, the organisation’s website and the bank or payment processing service Firewall – designed to ensure that only authorised and legitimate information can come into and go out of computer Security certificates – are issued by licensed certification authorities and once seen confirm that valid security certificates are in place Encryption – protects information by changing it into a coded language that appears to be nonsensical and cannot then be read of they are intercepted Fingerprint recognition devices – automated method of verifying a match between two human fingerprints and stops unauthorised person get into your data Assessment 3, Assessment...
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...2013 ANNUAL REVIEW AND SUSTAINABILITY REPORT THE STRENGTH WE’VE BUILT TODAY… STRENGTH RETURN GROWTH PRODUCTIVITY HELPING US LEAD TOMORROW. Since our inception in 1817 we’ve built a legacy of leadership. In a young colony, through a great depression, through boom years, through a global financial crisis and in the development of a portfolio of businesses, Westpac has a history of looking ahead with a long-term view. This year we have made significant progress in implementing a strategy that is delivering better returns today, and building a sustainable business for the future. It is the strength we’ve built into our business today, with sector leading capital, a robust funding and liquidity position, and superior asset quality, that is helping us lead tomorrow. As a result we can respond to opportunities as they emerge and invest to transform the organisation. We’ve been proudly supporting Australia, New Zealand and our region for almost two centuries and we’re singularly focused on continuing our support as we approach our third century. We believe in these countries, in their people and in their businesses and their potential to prosper and grow. Our strong position today means we are more capable than ever of helping to realise this potential. And we are more dedicated than ever to play a role in leading tomorrow. …IS Westpac Banking Corporation ABN 33 007 457 141 2013 PERFORMANCE HIGHLIGHTS CASH EARNINGS ($m)1,2 REPORTED RESULTS ($m)3 COMMON EQUITY TIER...
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...Audit Committee, Board Characteristics and Earnings Management by Commercial Banks Jian Zhou Assistant Professor of Accounting School of Management SUNY at Binghamton PO Box 6000 Binghamton, NY 13902-6000 USA Email: jzhou@binghamton Audit committees being occupied by majority of outside members have no influence on the firm’s performance. This is because this study shows that the relationship between the audit committee and the two performance measures is not statistically significant.This result is not consistent with some previous studies such as Klein (2002) and Mansi and Reeb (2004), where they reported strong positive relationship between audit committee and the performance variables they used in their studies ← Audit committees being occupied by majority of outside members have no influence on the ← firm’s performance. This is because this study shows that the relationship between the audit committee ← and the two performance measures is not statistically significant.This result is not consistent with ← some previous studies such as Klein (2002) and Mansi and Reeb (2004), where they reported strong ← positive relationship between audit committee and the performance variables they used in their studies Corporate Governance and Firm Performance: The Case of Nigerian Listed Firms Kajola, Sunday O Department of Accounting, Olabisi Onabanjo University Ago-Iwoye, Nigeria Tel : 234-8033519371 E-mail:...
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...For the record, the Tigers would only win one more game for the year. That win would come against the Swans in Round 22 at the SCG. But the later part of season 1990 wasn’t about winning or losing. It was about survival. On August 15th 1990, Richmond President Neville Crowe announced that the club needed to raise $1 million by October 31st (in six weeks) or it would cease to exist. It was an impossible task. Or so it seemed. Tigerland was on its knees as attendances and membership had collapsed. In stepped the Tiger spirit as administrators, coaches, players, sponsors, staff and of course members & supporters rallied together to lift the club off the canvass. Somehow…..they did it. The Tigers past players association donated their entire bank account, some $60,000, to the cause. School kids gave their pocket money. Opposition players and spectators rallied and gave thousands of dollars at every match for the remainder of the season. The Tigers even dug up the hallowed turf at Punt Road and sold it to the highest...
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...This is yet another thorn, thrust deep into the hearts of the ones that took the difficult decision to move on, or should I say move abroad to a place where the grass is greener. Until recently, I was satisfied with my decision not to move back to Melbourne. My response when potential employers would ask "how come you 're still here?" has always been "let's stay and fix this". All five years of crisis went by smoothly even when I'd lose my job. I'd simply change orientation and find a new one. If I survived long enough, I would even get a raise sometimes. I got used to people my age feeling insecure with their finance and serious commitments. I got used to the 30 per cent taxation on a 700 euro monthly salary - half of which went to rent,...
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...Wagga Wagga Wagga Wagga is a city in south-west New South Wales, situated on the banks of the Murrumbidgee River. It is the largest inland town in New South Wales with a population of about 47,000 people and is the regional centre for the Riverina area, and is an important stopping point as it is almost exactly half way between Sydney and Melbourne. The original inhabitants of Wagga were the Wiradjuri people, but the towns’ founder was Charles Sturt, of whom the main road of the city is named after. Wagga Wagga is home to the Royal Australian Air Force base and the Royal Military Hospital. The original village had a lot of settling problems, even though it was based on the banks of one of Australia’s largest rivers, it is located in a n alluvial valley, giving its early inhabitants constant trouble with salinity. To make matters worse, it is also located on a flood plain, so the settlers had to deal with this as well as the troubles they had with growing crops and orchards. Wagga Waggas has a temperate climate with hot summers, reaching up to 47 degrees Celsius, and freezing winters with temperatures sometimes hitting as low as -5 degrees Celsius. The village of Wagga Wagga (Crows Eye) was founded in 1829 by Charles Sturt, and the town quickly grew, reaching a population of 627 by 1949. The population continued to rise steadily, with both a public library and a reservoir built by 1885. Gas lighting was also added around this time, and Wagga was the first inland town in New...
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...Globalisation and Rising Inequality in Australia Is Increasing Inequality Inevitable in Australia? Tom Conley Griffith University Introduction I want to dedicate my government to the maintenance of traditional Australian values. And they include those great values of mateship and egalitarianism.1 10 years ago a Mitsubishi type development would have flattened people psychologically. Now they take it in their stride … 2 Policy-makers and commentators have long been cajoling Australians into accepting that they are a part of the global economy, which means an acceptance of a whole range of ‘new realities’. One of the major themes of the pro-globalisation position is that Australia has accepted these new realities and adjusted well to globalisation by embracing economic liberalism. The results, it is argued, have been overwhelmingly beneficial. John Howard points out the Australian economy has grown for fourteen years straight – a remarkable achievement by any standards. This success story of growth has tended, however, to override more disaggregated, negative analyses of social outcomes in Australia. A less sanguine part of this new globalising ‘reality’ appears to be an acceptance of rising inequality. Indeed, it is often implied that rising inequality is a spur for growth. The argument is that everyone is better off, it’s just that some people are better off than others. While commentary is often not explicit about the association of globalisation and rising inequality...
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...(TAFE/VET) English language requirements (Undergraduate) English language requirements (Postgraduate) English language courses Scholarship opportunities for international students Accommodation and private rentals Student support and safety Career and employment services Live in Melbourne SELECTED COURSES Diploma of Accounting Diploma of Library and Information Services Advanced Diploma of Engineering Technology Diploma of Engineering - Advanced Trade Diploma of Engineering Technology Information and fees listed in this brochure are for non-resident students starting the course in 2015. Fees are subject to approval and may change. In some courses students must buy equipment or clothing that they will need in the course. These equipment or clothing costs are not included in the course fees listed and we recommend you seek advice from the relevant college. "I love the experience and life in Melbourne" Garry Kuan, Council of International Students Australia and International Student of the Year in 2012 Victoria University CRICOS Provider No. 00124K ACCOUNTING AND FINANCE “ Throughout my time at VU, I have gained an insight into the different cultures in Melbourne. I learned how to socialise with people from...
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...System) is a software company that has been leading IT analysis since 1976. The company was started on the campus of North Carolina State University when two facility members (Jim Goodnight and John Sall), used grants provided by the United States Department of Agriculture to analyze vast amounts of agricultural data. At the time there was a need for computerized statistics programs, the grants provided allowed Goodnight, Sall and a consortium of eight land-grant universities to create the programs needed. When the grant funding came to a halt in 1972, the group of statisticians agreed to chip in $5,000 apiece each year to keep the project running. The analytical software was licensed by pharmaceutical companies, insurance companies, banks, and also by the academic community that had given birth to the project ("SAS Company Stats," n.d.). With a growing customer base that already numbered close to 100 academic, government and corporate entities, it was evident that success as an independent operation was possible. Goodnight, Sall and two other facility members decided to leave NCSU and develop SAS Institute Inc. - – a private company "devoted to the maintenance and further development of statistical analysis systems." The Company’s mission is to deliver solutions that drive innovation and improve performance ("SAS Company Stats," n.d.). II. Organizational Strengths and Weaknesses A. First organizational Strength SAS Institute offers analytical software in over...
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...86831 489 7 January 2008 JEL codes: D14, E21, E51, G23, N27 Keywords: Consumer Credit, Finance, Household Expenditure, History, Australia Consumer credit in Australia during the 20th century Pierre van der Eng1 School of Management, Marketing and International Business, Australian National University, Canberra, Australia Abstract This article surveys the growth of consumer credit in Australia during the 20th century, particularly after World War II. Until the 1970s, the regulation of Australia’s financial market caused formal consumer credit to be provided mainly by finance companies under hire-purchase contracts, largely for the purchase of cars and household durables. Deregulation of the financial market since the 1960s allowed banks to gain a dominant share in the market for personal loans. Quantification of long-term trends is difficult, but broad estimates suggest sustained growth in per capita indebtedness during 19452007. JEL classifications: D14, E21, E51, G23, N27 Key words: consumer credit, finance, household expenditure, history, Australia Introduction Living standards improved considerably in Australia during the 20th century. Households were increasingly able to overcome liquidity constraints and purchase an ever greater number and range of consumer durables, including furniture, refrigerators, washing machines, radios, televisions and cars. These were often items for which they lacked finance in terms of current income and/or accumulated savings. Still...
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