FAMILY-OWNED BUSINESS ENTERPRISES – AUSTRALIA

Casella senses richer picking in premium

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Original article by Julie-Anne Sprague
The Australian Financial Review – Page: 17 : 30-Sep-14

Australian export success story Casella Family Brands plans to target US consumers with premium wines using the Casella label. The move is aimed at capitalising on growing US interest in more upmarket wines than the company’s highly popular but low-priced Yellow Tail label. John Casella says Australian wine producers need to more actively target on-premise trade in the US, which has tended to be neglected due to a focus on wine retailers

CORPORATES
CASELLA FAMILY BRANDS, CASELLA WINES PTY LTD, YELLOW TAIL WINES

Kennett in Rinehart spotlight

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Original article by Leo Shanahan
The Australian – Page: 6 : 26-Jun-14

The Supreme Court of New South Wales on 25 June 2014 heard that Ginia Rinehart was nominating three candidates for the role of trustee of the family trust at the heart of the legal action. It has been launched by her two eldest siblings against her mother, mining heiress Gina Rinehart. The latter has in the past had sole control of the $A4bn trust, which owns 23.4% of the Hancock Prospecting company. One of the three nominees is Stephen Harvey of Equity Trustees, cross-examined by barrister Christopher Withers about the ties between the Rineharts and Jeff Kennett. The ex-Victorian premier sits on the firm’s board

CORPORATES
EQUITY TRUSTEES LIMITED – ASX EQT, HANCOCK PROSPECTING PTY LTD, HOPE MARGARET HANCOCK TRUST, SUPREME COURT OF NEW SOUTH WALES

Swimmer stars in family feud

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Original article by Hannah Low
The Australian Financial Review – Page: 3 : 25-Jun-14

The Supreme Court of New South Wales on 24 June 2014 continued hearing the dispute over the Hope Margaret Hancock Trust, which owns 23.4% of Hancock Prospecting. Mining heiress Gina Rinehart is accused by two of her children of improperly controlling the entity. Daughter Bianca Rinehart argues she is fit to take over as trustee, and was cross-examined by Richard McHugh SC on behalf of younger sibling Ginia Rinehart. It was also revealed by Chris Withers, acting for Bianca Rinehart, that close friend and Olympic swimmer Grant Hackett was contacted by the mother on 22 June

CORPORATES
HANCOCK PROSPECTING PTY LTD, HOPE MARGARET HANCOCK TRUST, SUPREME COURT OF NEW SOUTH WALES

Rinehart feud risks iron ore project: daughter

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Original article by Andrew Burrell
The Australian – Page: 6 : 24-Jun-14

Supreme Court of New South Wales judge Paul Brereton will on 24 June 2014 hear more on the suit brought by John Hancock and Bianca Rinehart against their mother, mining heiress Gina Rinehart. The issue is the latter’s control of a family trust that owns 23.4% of Hancock Prospecting and a stake worth $A10bn in the Hope Downs iron ore tenements. The daughter will argue that she is qualified to act as the new trustee after her mother has stepped down, and that to appoint someone from outside the family may trigger a clause under which partner Rio Tinto would acquire all of Hope Downs

CORPORATES
RIO TINTO LIMITED – ASX RIO, HANCOCK PROSPECTING PTY LTD, HOPE DOWNS IRON ORE PTY LTD, HOPE MARGARET HANCOCK TRUST, SUPREME COURT OF NEW SOUTH WALES