NEW BUSINESS ENTERPRISES – AUSTRALIA

Concerns rise about restrictions in crowdfunded shares proposal

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Original article by Rose Powell
The Australian Financial Review – Page: 22 : 8-Sep-15

The Australian Government’s proposed crowdsourced equity investment legislation contains a cap on the number of investors in start-ups that are allowed to raise crowdsourced equity. Another cap limits the amount of capital to be raised to $A2 million The Australian Chamber of Commerce & Industry writes in a submission to a Treasury inquiry that both caps should be removed.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, BLUE CHILLI TECHNOLOGY PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, ARTESIAN VENTURE PARTNERS PTY LTD, VENTURECROWD PTY LTD

Charter Hall to raise $55m for Automotive

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Original article by Matthew Cranston
The Australian Financial Review – Page: 43 : 20-Aug-15

Charter Hall is setting up a new unlisted retail property trust. The Charter Hall Direct Automotive Trust will hold $A102 million worth of properties which are to be acquired from the Automotive Holdings Group (AHG) and a syndicate managed by API. The acquired properties will be leased back to AHG. Charter Hall is seeking $A55 million from investors for the new fund.

CORPORATES
CHARTER HALL GROUP – ASX CHC, AUTOMOTIVE HOLDINGS GROUP LIMITED – ASX AHG, API FUND, MAZDA AUSTRALIA PTY LTD, CORE PROPERTY PTY LTD

70pc of trial users stay: Stan

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Original article by Dominic White
The Australian Financial Review – Page: 3 : 13-Aug-15

Stan is keeping seven out of 10 clients who sign up for a free trial. Netflix’s biggest Australian rival, Stan is owned by Nine Entertainment and Fairfax Media, each of which is investing up to $A50 million in the new media venture. Nevertheless, analysts remain wary of Stan’s ability to reach profitability as it faces tough competition from Netflix and Presto.

CORPORATES
STAN ENTERTAINMENT PTY LTD, NETFLIX INCORPORATED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, PRESTO ENTERTAINMENT PTY LTD, CITI AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM

Airline rivals team up for walking tour firm

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Original article by Patricia Hatch
The Australian Financial Review – Page: 25 : 4-Aug-15

Geoff Dixon, the former CEO of Qantas, and Brett Godfrey, the former CEO of Virgin Australia, have launched a new company. The Australian Walking Company will offer coastal walks in Victoria. It will be operated by the Tasmania Walking Company, which has been organising walks for tourists since the early 1990s.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, TASMANIAN WALKING COMPANY PTY LTD, AUSTRALIAN WALKING COMPANY

Rinehart to milk China’s dairy fix

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Original article by Rick Wallace
The Australian – Page: 9 : 14-Nov-14

The new Hope Dairies joint venture is being launched by government enterprise China National Machinery Industry Corporation and Hancock Prospecting, the main vehicle of Australian mining heiress Gina Rinehart. The $A500m business will seek to cash in on the recently negotiated free trade agreement between Australia and China, by exporting powdered infant formula. Rinehart has also diversified from iron ore into beef cattle, with investments in Western Australia

CORPORATES
HANCOCK PROSPECTING PTY LTD, HOPE DAIRIES PTY LTD, CHINA NATIONAL MACHINERY INDUSTRY CORPORATION, CUBBIE STATION, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, BEIJING AGRICULTURAL INVESTMENT FUND

News Corp targets $1.85trn super pool

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Original article by Madeleine Heffernan
The Australian Financial Review – Page: 29 : 27-Oct-14

Investment platform provider OneVue has consented to an alliance with News Corp Australia, as the media group seeks to expand into new markets. It now aims to offer services for superannuation account holders, with the launch of its BrightDay product. The venture is to be managed by James Leplaw, GM of News Corp’s "Eureka Report" investor newsletter. The latter is part of the Australian Independent Business Media publishing business acquired by News Corp in mid-2012, but is believed to have suffered a drop in subscriber numbers

CORPORATES
NEWS CORPORATION – ASX NWS, ONEVUE HOLDINGS LIMITED – ASX OVH, NEWS CORP AUSTRALIA PTY LTD, AUSTRALIAN INDEPENDENT BUSINESS MEDIA PTY LTD, EUREKA REPORT PTY LTD, CLIME ASSET MANAGEMENT PTY LTD, PRIVATE MEDIA PARTNERS PTY LTD, CARNEGIE, WYLIE AND COMPANY PTY LTD, INVESTSMART FINANCIAL SERVICES PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, MORGANS FINANCIAL LIMITED

Tech funder on lookout for more start-ups

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Original article by Paul Smith
The Australian Financial Review – Page: 29 : 21-Oct-14

OneVentures will soon start making new investments through its Innovation & Growth Fund II, having already invested $A60 million in technology start-ups. OneVentures MD Michelle Deaker hopes the fund will reach the level of $A100 million by the end of 2014 or in early 2015. The fund will split its investments between technology companies and life sciences groups

CORPORATES
ONEVENTURES PTY LTD, THE MYER FAMILY COMPANY PTY LTD, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, THE CARLYLE GROUP, CALEDONIA INVESTMENTS LIMITED, VAXXAS PTY LTD, AIRTREE VENTURES PTY LTD

PM to cut tax burden on employee share schemes

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Original article by David Crowe
The Australian – Page: 1 & 2 : 16-Sep-14

The Australian Government will soon release its new policy on employee share schemes. The purpose of the changes is to make business start-ups more attractive to prospective employees. The new incentives scheme will be modelled on the Enterprise Management Incentive program in Great Britain, which limits the total number of share options issued by a company to Stg3 million and individual parcels to Stg250,000 per employee

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSBIOTECH LIMITED, POCKETBOOK AUSTRALIA PTY LTD, LINK MARKET SERVICES LIMITED, GOOGLE INCORPORATED, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, SEVEN NETWORK LIMITED, INVESTEC AUSTRALIA LIMITED, EMPLOYEE OWNERSHIP AUSTRALIA LIMITED, AUSTRALIAN LABOR PARTY, SEVEN WEST MEDIA LIMITED – ASX SWM

Start-ups focus for Telstra offshoot

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Original article by David Ramli
The Australian Financial Review – Page: 23 : 19-Aug-14

Australian telco Telstra is pursuing a strategy under CEO David Thodey of diversifying into technology start-ups, to prepare itself for the loss of revenue from the traditional telephony business. It has set up the muru-D incubator in Sydney and lifted its stake in US-based online video software provider Ooyala from 23% to 98% for $US270m ($A289m). Both will now be housed in the newly-incorporated Telstra Software Group entity, where the board consists of global enterprise and services group executive Brendon Riley, strategic finance group MD Cynthia Whelan and muru-D co-founder Charlotte Yarkoni

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, TELSTRA SOFTWARE GROUP PTY LTD, MURU-D PTY LTD, OOYALA INCORPORATED, SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, SINGTEL INNOV8 PTE LTD, GARTNER GROUP INCORPORATED, WHATSAPP INCORPORATED, SKYPE TECHNOLOGIES SA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION