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PREMIERSHIP coach Craig Bellamy will meet his manager, John Fordham, this week in the first step towards deciding whether his job at Melbourne is done.
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Bellamy is off contract at the Storm at the end of next year, but such is his lure, he has even been the subject of speculation he could move elsewhere next year.

That seemed to be only fuelled by the Storm’s premiership win against the Bulldogs, with some believing that, after 10 seasons as head coach of the club, he had nothing left to achieve.

Melbourne chief executive Ron Gauci was adamant that Bellamy would be coaching the Storm next season, appearing to end any prospect of the Warriors doing what the Bulldogs did last year with Des Hasler – enticing the premiership-winning coach away from his incumbent club.

Gauci’s belief will be backed up by the likelihood that the Warriors will appoint Bellamy’s assistant, David Kidwell, as the club’s replacement for Brian McClennan this week, with Matthew Elliott set to take on a role alongside him.

But Bellamy’s future after next year is still uncertain. It remains unclear whether the Warriors plan to offer Kidwell a one-year contract in order to make their pitch for Bellamy, or – like the Roosters did with Trent Robinson – appoint an untried coach longer term.

Bellamy will travel to Europe later this week with the Storm’s general manager of football operations, Frank Ponissi, on a fact-finding mission, visiting rugby union and football clubs in England, France and Belgium.

Before he does, he will sit down with Fordham to begin to map out his future.

”He had a pretty busy week last week,” Fordham said. ”Quite rightly, I left him to enjoy the victory, but we’re intending to catch up this week. First and foremost, I need to have a discussion with Craig, and we can take it from there. Melbourne are comfortable with the fact that we’ve had no formal discussions with them just yet. But Craig and I will certainly be making contact this week. That’ll be step one. I don’t know what steps two, three or four will be yet. But that’s a starting point.”

Even with Bellamy overseas for a fortnight, Gauci said he could still begin formal negotiations with Fordham. While he has not, and is unlikely to, put a deadline on a decision, he still hoped for a decision ”sooner rather than later”.

”The negotiations will be in the hands of myself and his manager,” Gauci said. ”When his manager wants to talk, we’ll be ready. There’s no real urgency on our part. One thing I can say is he’s not going anywhere for 2013.”

Wests Tigers have also clouded the coaching landscape, having sacked Tim Sheens.

Another Melbourne assistant, Kevin Walters, has been linked with that job, along with Nathan Brown, Matt Parish, Mick Potter and Steve Georgallis.

The Tigers still need to finalise whether Sheens, in Townsville with the Australian squad this week, will accept another position with the club, which could impact on their appointment. Yesterday, Brisbane confirmed former New Zealand coach Stephen Kearney, who was sacked by Parramatta this year, would join the Broncos as Anthony Griffin’s assistant.

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GAI WATERHOUSE celebrated a group 1 double as a farewell to Sydney for the spring at the weekend and believes she will repeat the dose with her stars Pierro and More Joyous at Caulfield on Saturday.
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Three-year-old Pierro is already in Melbourne and following his Bill Stutt Stakes romp is favourite for the Caulfield Guineas and Cox Plate.

Waterhouse added to a treble at Randwick by winning the Gilgai Stakes with Hallowell Belle at Flemington on Saturday as the southern team fired. However, the cavalry arrived yesterday in the form of More Joyous and Kabayan.

More Joyous will be out for successive Toorak Handicaps on Saturday and Waterhouse is unconcerned about a possible top weight of 60 kilograms. ”She is the best horse in the field and will carry a good horse’s weight and win,” she said.

”She was on the float with Kabayan, who will run in the Norman Robinson in a couple of weeks. He can wait a week because I have the winner of the Guineas, Pierro. I only need the one.”

More Joyous will use the Toorak as a final tune-up for the Cox Plate showdown, which she is a $7.50 second elect in betting to her three-year-old stablemate at $2.70.

Proisir will take Waterhouse’s Cox Plate team to three despite being beaten in the Spring Champion Stakes by It’s A Dundeel on Saturday. ”I have no doubt at all he will run the 2040m and that’s the right race for him,” she said. ”He was completely and utterly disadvantaged by the way the race was run on Saturday and you will see a different horse in the Cox Plate.”

It was Tommy Berry and Waterhouse’s day at Randwick, where they combined for a treble including the Epsom and Metropolitan. Fat Al gave Waterhouse a seventh Epsom to match her father Tommy Smith’s record in the big mile and will head for the Emirates Stakes later in the carnival.

However, Metropolitan winner Glencadam Gold will be the centre of interest in the next couple of days as he is favourite for the Caulfield and Melbourne cups following his 3¾-length victory on Saturday.

He remains unbeaten in four starts since coming to Australia to join the Waterhouse team. Glencadam Gold was given a 1.5kg penalty to take his Caulfield Cup impost to 51.5kg after his victory in the Newcastle Cup. Racing Victoria handicapper Greg Carpenter, who is in France for the Arc de Triomphe meeting, will announce another penalty later in the week and it will have to be at least a kilogram to assure Glencadam Gold a start in the cup on October 20.

”I don’t think he is going to get Nash Rawiller’s [weight], Tommy is going to get his chance to ride him again,” Waterhouse said. ”He did a marvellous job [on Saturday].”

Craig Williams confirmed he would ride Pierro in the Cox Plate if the unbeaten star continues on that path as expected following the Guineas. It seemed a no-brainer for Williams to choose to ride Pierro, but the hoop has to part ways with Green Moon to do so. He rode the import to win the group 1 Turnbull Stakes on Saturday.

with Andrew Eddy

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Turf’s first lady flexes her muscles

June 29th, 2019 / / categories: 江苏夜网 /

Group 1 double, no trouble … Tom Berry and his boss, Gai Waterhouse.Gai Waterhouse left Randwick racecourse on Saturday publicly elated at her record-breaking day at the races and confident that she has an unprecedented grip on the Melbourne spring carnival.
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In fact, no trainer on the eve of Australia’s most celebrated five weeks of racing has shaped to have so much influence.

Australia’s most talked-about horse trainer has pre-post favourites in the Cox Plate and the Caulfield and Melbourne cups, and also prepares the shortest-priced favourite in Caulfield Guineas history in Pierro.

While the three-year-old is at $1.35 to give Waterhouse the classic, her other remarkable galloper, More Joyous, will also be favourite for the group 1 Toorak Handicap as she has her last run before being one of three the trainer intends to start in the Cox Plate.

While jockey managers across Australia have Waterhouse’s phone number prominently displayed, she yesterday spoke of her relationship with stable rider Nash Rawiller, who will shoulder the bulk of her hopes.

”I asked Robbie [Waterhouse’s husband] a few years ago to give me the name of the best heavyweight jockey and the best lightweight. He came back with Blake Shinn and Nash Rawiller. Shinn got straight on a plane to Sydney to speak to me, but Nash wanted time to discuss the proposition with his wife,” Waterhouse said.

While a relationship with Shinn never eventuated, Rawiller did take up the offer and today the former Bendigo boy and Waterhouse have a strong partnership. However, Sydney’s leading trainer said she had doubts even up until the end of the first 18 months.

”What most don’t understand is that I train differently to many other trainers. While they like to get them ready with a run or two, my horses are ready to go from the start.

”I like them to be dominant, I like them to be on the pace and some jockeys don’t get it. But after a time Nash and I worked out a good relationship with the team,” she said.

Waterhouse’s father, the late Tommy Smith, was arguably one of Australia’s finest trainers and enjoyed a strong relationship with jockey George Moore. Moore and Smith carved out hundreds of major race wins and numerous premierships.

”No, I didn’t follow on that style that dad did. Dad and Moore were pretty feisty customers. They had many arguments and I didn’t see the need for a trainer-jockey relationship to be as confrontationist as theirs was.

”I don’t like arguments and confrontations. Don’t get me wrong, I’m not a ‘yes’ person, but confrontations can be negative and if I find a person like that in my system, I weed them out of the operation,” she said.

Rawiller, throughout his career in Victoria, was known to be a patient and old-style jockey who liked his horses to settle and come home late. However, Waterhouse says Rawiller has refined that and rides as she wants, but she takes his input on board.

”He’s a deep thinker and I’m also a thinker, and it’s a good way to be as we’re always working towards the best for the horses. I know some of my jockeys think ‘here she comes again with another idea’ but that’s the way it’s got to be looking ahead and getting the best out of horses.

”Again, I’m a bit different from dad, whose jockeys were worked hard as he believed they were extremely well paid, better than any horse trainer, so they had to do their share.

”I let Nash cut his cloth to suit himself. He probably rides three mornings a week and he’s a terrific worker, but I’ve always got to remember that a jockey’s lifestyle is not easy and they are wasting to get down in weight and it’s got to tell on them.”

Just two years ago Waterhouse saw the opportunity of a jockey whose talents she believed could be moulded into the upper echelon of Australian riding ranks.

At the Magic Millions on the Gold Coast, Waterhouse approached Sydney jockey Tommy Berry and offered him a position at Tulloch Lodge. On Saturday, that belief materialised into the 21-year-old Berry winning the Epsom Handicap and Metropolitan double.

”Tommy is another who has fitted in well. His instructions [on Saturday] were to be positive and what happens, he’s successful on both after he went whoosh at the top of the straight.”

In the next five weeks Waterhouse will have upwards of 15 horses leave Sydney for Melbourne for a spring carnival in which she could rewrite the Australian racing record books.

She said yesterday she wanted to let the dust settle before making plans for her horses, but it would seem certain that she will have a mixture from speedy two-year-olds to dour stayers for the Melbourne carnival. Waterhouse, a noted perfectionist, says her stable riders will fly in and out of Melbourne on the day. ”They’re only an hour away,” she said.

If, as it seems, according to one bookmaking firm (Centrebet), Waterhouse is a $61 chance to win the Caulfield Cup, Cox Plate and Melbourne Cup treble this spring, her efforts at grooming jockeys will well and truly be worth it.

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Punters once had to line along the mounting yard to vent their anger and get up close and personal with jockeys. The demonstration was a rite of passage and gave the track its colour.
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However, in the 21st century when punters are more likely to be in pubs or on their lounge rather than on course, they switch their attacks to Twitter. Social media makes everyone an expert and gives the man who had $50 on a beaten favourite an outlet for his frustration. It can be more personal because most top hoops have Twitter accounts.

They sometimes like to share their thoughts after a day at the track. Comments can get them in trouble as it did with the furore over Blake Shinn’s suspension at Hawkesbury a couple of weeks ago.

There was sniping and opinion from his fellow riders about Shinn that would have been kept to the jockeys’ room in the past.

Stewards had to step in and remind some of the jockeys that Twitter is a public forum. Ray Murrihy labelled the spat childish and not in the best interests of racing.

But what is?

This was real emotion and an issue that had been bubbling for months. It showed jockeys as real people and entertained their followers for an evening. Then, like most things on social media, it was quickly forgotten.

Stewards were right to step in and stop it becoming a free for all.

It was one of the growing pains of using social media. However, it is a new world racing needs to embrace because interaction between punters, jockeys and trainers will create more interest in the sport.

Race clubs, bookmakers and horse syndicators have Twitter feeds (and Facebook profiles) and possibly racing’s biggest name online is its greatest star, Black Caviar, which has more than 21,000 followers.

Her account provides the right mix of humour and interaction as well as the latest news relating to her unbeaten career.

Nathan Berry took to Twitter on Saturday to praise twin brother Tommy’s biggest day of his career. ”Congratulations today bro. G1 double what a great effort. Proud or (sic) you mate. The years of hard work is paying off #FLYING” his tweet read.

It is positive to have things like that out in public. As the traditional media gets smaller and racing finds it harder to be recognised, these Twitter interactions can give the sport a greater public face.

A quick poll of those jockeys with Twitter accounts in Sydney found, unsurprisingly, there is a fair bit of negativity directed at them. Most have experienced abuse but none want to talk openly about it.

”You know when you ride one bad,” a jockey said. ”You just have to move on and put it behind you. But on Twitter they will tell what you did wrong and how you should have ridden it. You cop it but that’s a part of it and I have to say it has got better since the Twitter troll campaigns.”

Even Gai Waterhouse has taken to Twitter. She took an image of her star Pierro after he won at Moonee Valley last week and shared it with her followers. Twitter has become the place to break news and discuss it. If there is an issue in racing, it is likely to be discussed and/or joked about on Twitter.

Black Caviar’s return to racing became public on Twitter and wags pointed out that books on her might have been premature.

It can only be good to spread word about racing but social media needs to be used with thought. There are endless supplies of tipsters who can send you broke or pay for dinner. There are also plenty of promotions from bookmakers, so in the end it is here to stay.

This carnival will probably define Twitter’s role in racing.

Most jockeys and trainers believe providing a little information and answering some questions helps.

It will be a case of getting the balance right.

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Rematch … Kerrin McEvoy brings Guineas Prelude winner Epaulette back to scale.MEMORIES of the Todman Stakes and Epaulette’s narrow defeat by Pierro are fuelling Kerrin McEvoy’s ambition of back-to-back Caulfield Guineas successes on Saturday.
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Epaulette, which is a Commands half-brother to Helmet, last year’s Guineas winner, headed Pierro in last year’s Todman before Gai Waterhouse’s still-unbeaten star fought back to win by a short half-head.

”I felt like I was home. We got there [to the front] and [he] had a look around,” McEvoy said after the Todman as Nash Rawiller claimed he had taught Pierro how to fight.

It was the closest any horse has got to Pierro and in two meetings since, Epaulette finished last in the Golden Slipper, which is best forgotten, and 2½-lengths third in the Run To The Rose dominated by Pierro.

”He [Pierro] is the benchmark for the three-year-olds there is no doubt about that,” McEvoy said. ”The Todman is a long time ago but it is the closest anything has got to him. My horse has definitely got better since but so has Pierro. He definitely has the runs on the board and is a lot stronger and has been very impressive in everything he has done.”

The $1 million Guineas over 1600 metres will be the first time Pierro steps up to group 1 level as a three-year-old but his record of eight wins without defeat, including the Golden Slipper, Sires’ Produce Stakes and Champagne Stakes, entitled him to the short quote of $1.35 with bookmakers. His Bill Stutt Stakes romp over the mile at Moonee Valley 10 days ago helped to trim that quote further.

Epaulette is the only real threat and $7 is freely available about his chances, even after his Golden Rose victory and a workmanlike performance in the Guineas Prelude at Caulfield eight days ago.

”He has been good at his past two [runs] but this is the ultimate test,” McEvoy said. ”This is the race we have targeted with him and we are taking on a very, very good three-year-old in Pierro. All I can say is I’m very happy with my horse.”

It will be Epaulette’s first run at 1600m but he looks like he will be suited by the trip. McEvoy indicated the barrier draw could play a big role in how the Guineas is run, but expects Pierro will be in front of Epaulette during the race.

Epaulette relaxed at the tail in the Golden Rose and stormed home to win at Rosehill, but showed versatility to be much closer in the Prelude but lacked the killer instinct when it looked as if he was going to blow his rivals away.

”It would be as good to be as close as possible to Pierro but we won’t be making any decisions about that until after the barrier draw,” McEvoy said. ”He is going to have something to chase this time I’m sure of that.”

Pierro will be the only runner from the Waterhouse stable as Kabayan and Proisir will be saved for targets later in the spring.

McEvoy has picked up the ride on Alain de Royer-Dupre-trained Shahwardi in Saturday’s Herbert Power Handicap, which offers direct entry into the Caulfield Cup.

The Melbourne Cup-winning jockey’s European experience helped in getting the ride on the French stayer, which has 51.5 kilograms in the the Caulfield and Melbourne Cups, and ran a close-up third in the Prix Kergorlay at Deauville at his most recent outing on August 19. It is the race Americain and Dunaden came through on their way to Melbourne Cup victory in the past two years. Also, Shahwardi is a two-time winner over the Caulfield Cup distance of 2400 metres, albeit in 2009.

McEvoy will get acquainted with the seven-year-old when he works him at Werribee this morning in preparation for Saturday. ”I have never ridden for Alain before, so it was a honour when he rang to ride Shahwardi,” he said. ”He needs to win a race like Saturday’s if he is going to get into the cups and it will be interesting to see how he measures up.”

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Reforms to give consumers a say

May 28th, 2019 / / categories: 江苏夜网 /

A new tribunal must approve ECT for involuntary patients.A NEW tribunal will be required to approve electroconvulsive therapy treatment for involuntary patients as part of an overhaul of Victoria’s mental health laws announced by the state government.
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Victoria is the only jurisdiction in Australia that allows ECT without the consent of the patient and without either an external review from a tribunal or a second psychiatrist.

The former Labor government began a review of the 26-year-old Mental Health Act but it has been delayed for almost two years since the Coalition won office in 2010.

In releasing details of the reforms, Mental Health Minister Mary Wooldridge said the government took into account hundreds of written submissions and extensive public consultation.

She said the reforms would allow mentally ill patients more say in their treatment, including stating their preferences in advance in case they became too unwell to communicate them.

Patients will also be able to nominate a person to support them during compulsory treatment, which would be deemed necessary only to prevent harm to the patient or others.

A new mental health tribunal comprising a doctor, a lawyer and a community representative will be required to approve compulsory treatment orders beyond 28 days, as well as ECT treatment if the patient is unable to consent.

In a submission to the review St Vincent’s Hospital warned that waiting for tribunal approval for ECT could delay treatment.

Speaking to The Age about the reforms, Royal Australian and New Zealand College of Psychiatrists spokesman Malcolm Hopwood said ECT was an effective and sometimes life-saving treatment for severe mental illness.

”It is a significant change to require the authority of a tribunal to proceed, and we’ll obviously be looking very closely at the detail of how that’s going to be governed, and provisions around cases that require immediate treatment,” he said.

Associate Professor Hopwood welcomed the government’s decision not to proceed with penalties of up to a year’s jail for psychiatrists who breached ECT regulations.

He said there were more appropriate mechanisms for dealing with bad practice, including through the medical board.

Mental Illness Fellowship chief executive Elizabeth Crowther said the reforms were ”very significant”, particularly in recognising that patients’ capacity to make decisions about their treatment could fluctuate.

”Being able to work with the person while they are well and saying you can have some control over what happens to you when you are unwell is a sensational change,” Ms Crowther said.

Ms Wooldridge said the government planned to introduce a bill into Parliament by June, with the laws to take effect a year later.

A new mental health complaints commissioner to be appointed as part of the reforms will have ”broad powers to investigate services, make recommendations and issue compliance notices for serious and flagrant breaches of the legislation”, according to a government summary.

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Cath Roper works at Melbourne University with mental health nursing students.IT’S A good thing Cath Roper, who is no grudge holder, can appreciate the ironic reversal in her relationship with the state of Victoria.
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During 13 years of involuntary admissions to state psychiatric hospitals, Ms Roper was forcibly injected, thrown into solitary confinement, left to defecate and urinate without facilities and on one occasion sexually assaulted by a charge nurse.

In a remarkable turnaround, the same state health department now pays Ms Roper to work at Melbourne University, where she teaches new generations of mental health nursing students to treat tomorrow’s patients somewhat better.

Researchers and health bureaucrats say the arrival of people with openly declared experiences of mental illness into influential positions is improving mental health care and lives across Australia.

Sought out for their ”expertise by experience”, these mental health ”consumers”, as many call themselves, are conducting high-level research, working openly in government departments and even running a few mental health services staffed exclusively by people who have experienced mental illness.

Tomorrow, in an initiative welcomed by consumer representatives, Victoria’s Department of Health will introduce bi-monthly meetings between the state’s most senior mental health bureaucrats and about 50 ”consumer consultants”, all of whom have experiences of mental illness.

So is Ms Roper, a former public school teacher who was pushed out of her job after one of her hospitalisations – only to later become Australia’s first permanent ”consumer academic” – bitter about the Victorian state’s oddly bipolar attitude towards her?

”It has been remarkable, but no, I’m not a grudge holder,” Ms Roper says. ”And the beauty of this form of teaching is that the painful things you’ve experienced become fodder and inspiration – they’re incubated into learning for the students.”

Southern Health’s mental health program director of carer and consumer relations, Vrinda Edan, says consumers should be ”much more involved in policy”.

”Consumers,” says Ms Edan, who has been given multiple diagnoses, ”are people who, because they have lived through very high levels of distress, are the real experts in how to overcome that.”

In New South Wales, consumer advocate and service manager Janet Meagher was recently appointed an Australian mental health commissioner by the federal government. She has lived with schizophrenia since the 1970s.

Queensland consumer and former teacher Jude Bugeja manages a public residential mental health service run and exclusively staffed by people with an experience of mental illness. ”We have walked the walk,” the founding manager of the service, called Brook RED, told The Age, ”and it’s natural for someone [experiencing mental distress] to seek support and ideas from … someone who has ‘been there’.”

Meanwhile, Queensland’s health department has chosen a mental health services consumer, Rick Austin, to manage its Consumer, Carer and Family Team.

At least one person with a declared experience of mental illness is known to be employed in the Victorian health department’s mental health division.

However it is not always smooth sailing for consumers involved in the health sector.

International studies have found that medically oriented health professionals, such as psychiatrists, are among the least enthusiastic about involving consumers in mental health care.

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My school report
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Neal Harvey, 33, is the creative producer of the Melbourne Fringe Festival. It ends this week and has featured more than 300 shows.

Schools attended:

St James Primary in Coorparoo, Brisbane, then my family moved to the US when I was seven. I was enrolled at Notre Dame Elementary in St Louis.

I had to skip ahead six months because of the timing of the school year but I struggled academically. The syllabus was so different and I couldn’t catch up. I used to be good at school and now nothing made sense.

When we returned to Australia, I rejoined my former class at St James for a short while. I had a new appreciation for the way Miss Burn, my grade 4 teacher, understood that everyone learns differently. She spent as much time as she could with the students who were struggling and she tried to adapt the curriculum to each child’s strengths. I then went to Villanova College, Brisbane from years 5 to 12.

Favourite subject:

Physics because I liked its discipline and knowing that the problems were, ultimately, solvable. I also loved drama for its playfulness and, in contrast to physics, unknowingness and uncertainty.

Teacher who changed my life:

Rosemary O’Neill who taught speech in action (a style of public speaking) from grades 5 to 7. When I was in grade 6, I and another student topped Queensland in speech in action in the Australian Music Examination Board awards. It was a turning point because I realised it was something I enjoyed and could pursue. Rosemary O’Neill was a very good teacher and the first person who had an impact on my future career.

Sports/academic prizes won:

The Philip Parsons Prize for performance research at the University of Queensland and an Australian postgraduate award to undertake my doctorate in theatre and cultural studies.

When I was 12 I wanted to be:

Marty McFly from the Back to the Future movies.

In grade 6 I sat next to:

Michael Baldwin, who was a very good friend through to year 12.

Why I took the educational journey I did:

I did drama, English, physics, chemistry and maths B in year 12, then enrolled in a science degree at the University of Queensland. However, the physics there was very similar to what I’d done at school. I also did a drama elective and found this more challenging and enjoyable.

I changed courses and enrolled in arts, with a double major in drama. I was fortunate to study with a great intake of students who encouraged each other. Quite a few are now my peers and colleagues in the arts sector. After I graduated, I worked as a production manager and stage manager, including at Brisbane’s La Boite Theatre Company, the Queensland Theatre Company and with different arts festivals.

After about five years, I returned to the University of Queensland. Professor Joanne Tompkins told me about a project she was working on and I became her research assistant. She convinced me I had what it takes to do a doctorate. I studied this full-time for three years, and then part-time while I also did some tutoring. I’ve been with the Melbourne Fringe Festival since 2010. This year is our 30th anniversary and we’re constantly trying to reinvent what we do.

We sell about 500,000 tickets for our diverse program, which ranges from the edgy and the new to children’s shows. I love my job and work with a great group of people.

Best lesson ever learnt:

Not everything you do will work out, but it’s important to get back up and try again.

If I could change anything about my education:

I would change nothing as I had a well-rounded education.

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Car profits driven overseas

May 28th, 2019 / / categories: 江苏夜网 /

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A BUSINESSDAY analysis of the latest financial accounts for Australia’s big three car makers has found profits were again eroded by hefty royalty payments to parent companies overseas while the government continued to subsidise their operations here.

Royalty payments from GM Holden and Toyota to their overseas bosses last year – Ford did not report these payments – amounted to $221.4 million. This was marginally less than the $222 million the two car makers received in government grants.

The figures are grist to the mill of car industry critics who say the handouts are a waste of taxpayer money, made only because of the threat of plant closures and job losses.

In the case of GM Holden, royalty payments rose to $143 million in 2011 from $129 million in the previous year.

No breakdown was provided by the company but these intellectual property payments, perhaps for use of the logo and so forth, exceeded $89.68 million Holden received in government grants last year.

The grant almost exactly matched the $89.69 million profit GM Holden reported for the same period.

Toyota Australia, the biggest of the car makers, paid out royalties of $78.4 million, compared with $99.9 million the previous year.

Toyota received $132 million in grants during the year.

Sales were $7.2 billion, down from $8.2 billion. But the most striking figures from its financial report were on its costs of sales generated with related parties offshore – it was $5.2 billion out of $6.66 billion worth of sales costs.

Between the three makers, sales were $14.1 billion last year and related party transactions were $7.16 billion.

This means that for every dollar of sales recorded by Australia’s car industry last year, 50¢ of costs were generated by offshore companies related to Holden, Ford and Toyota.

It appears that as well as creating jobs locally – with the help of the government – Holden, Toyota and Ford are also creating plenty of jobs in other countries.

The other telling aspect of the accounts was the overall cost of sales. Other industries may show a gross margin of 50 per cent. By contrast, the auto makers regularly have 90 per cent of their total sales eaten up by cost of sales. Combined, their costs were $13.15 billion last year.

The more that revenue is eaten up in costs and assorted transactions with related companies offshore, the less tax the auto makers pay in Australia.

The most recent accounts appear to corroborate the claims of the car industry’s detractors that they are deliberately ”transfer pricing” and cooking up ways to send money overseas while asking for government grants in Australia. The car industry has always denied this.

The accounts for Ford, the weakest of the three, did not report royalty payments to its US parent.

The car maker reported revenue of $2.75 billion and a loss of $289 million.

It received grants totalling $102 million.

Ford’s retained earnings have been in sharp decline with contingency in its accounts for repaying a government grant because it had not fulfilled the criteria.

At the net profit level, GM Holden’s $89 million profits was down from $112 million in the previous year and Toyota made a loss of $33 million.

Toyota’s loss would mean no tax will be paid, with losses deferred for offsets against future profits.

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Surfwear online stitched up

April 29th, 2019 / / categories: 江苏夜网 /

SurfStitch is a one-stop shop.WHEN Justin Cameron was working as an investment banker, he found a surf after work would wash away the stresses of the day.
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”Surfing was the perfect remedy for any frustrations that I had during the day,” Mr Cameron said.

But what he couldn’t find was a one-stop online store from which to buy all his surf clothing needs, so with business partner Lex Pedersen he decided to start his own.

”We saw an opportunity in the market where none of the major surf and swimwear labels were marketing their brands online,” Mr Cameron said.

With Mr Cameron’s finance background and Mr Pedersen’s experience as manager of the Surfection retail chain in Sydney, the pair reckoned they had a chance of success. They were right.

This year, SurfStitch will turn over about $50 million in Australia, and another €10 million ($12.8 million) in Europe for its offering of 350 brands including Billabong, Quiksilver, Seafolly and Tigerlily.

Turnover has doubled each year since inception and the company now employs 250 staff in Australia and Europe, where it has just opened new headquarters in France including an 8000-square-metre distribution centre.

”We saw a huge opportunity to get into the European marketplace, which has a similar environment to what we saw in Australia in 2008 when we started,” Mr Cameron said. ”No one is currently servicing the street/surf/snow market in Europe [online] so the opportunity to capitalise on being a first mover is very appealing.”

SurfStitch sells up to 10,000 items online every day, even as the waters for Australian surfwear brands become increasingly choppy.

Georgina Safe travelled to Europe as a guest of Bulgari.

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