this topic disturbs me greatly
I find it extremely worrying that the melbourne county court , where i have to appear in two weeks is a privately owned company , solely to make profit .
How can people expect a fair trial when the sole purpose of this organization and its subsidiaries is, to make money and lots of it .
..courtrooms for hire, says a great deal about the judicial system here in victoria .
...are judges and magistrates for hire also....police for hire ?
seems they all have a price for their services
...they also protect their commercial operation with G4S and ISS private mercanaries ..
BIG MONEY IN INPRISONMENT >
"...Prison bonds are a subset of a fixed income security class called lease revenue bonds (LRBs). Lease revenue bonds used to finance prisons have a few characteristics that make them attractive to investors--not the least of which is their relative safety compared to their yield. Further, they are exempt from state taxation for residents of the state of issue.
If you're looking for enhanced yield without imprudently ratcheting up your risk, read on..."
WTF !!
Owners and Operators of the Victorian County Court Facility
The Liberty Group Consortium Pty Ltd (TLG) was established to design, develop, finance, construct, own and manage the County Court Facility through a Public Private Partnership (PPP) with the State of Victoria.
The County Court Facility provides a unique opportunity where courtrooms, not booked by the County Court, can be used for a range of appropriate uses, such as:
The Liberty Group Consortium Pty Ltd (TLG) was established to design, develop, finance, construct, own and manage the County Court Facility through a Public Private Partnership (PPP) with the State of Victoria.
The County Court Facility provides a unique opportunity where courtrooms, not booked by the County Court, can be used for a range of appropriate uses, such as:
- arbitrations and mediations;
- courts, boards, commissions, or tribunals; and
- seminars, lectures, and moot courts.
Please see below for more information about TLG, their services and Courtroom Hire.
The Liberty Group
3/250 William Street
Melbourne 3000
Internet: http://www.thelibertygroup.com.au/
Email: enquiries@thelibertygroup.com.au
Enquiries/Bookings: Tel: 9601 6200; Fax: 9600 3366
The Victorian County Court Facility was opened in 2002. It is privately owned, maintained and operated by The Liberty Group, a wholly owned subsidiary of Challenger Limited.
The Facility was constructed to a premium quality in accordance with a public private partnership agreement. The Liberty Group provides the accommodation, security and information technology services. The State of Victoria provides the County Court judicial and administrative services.
Extracted from ASIC's database at AEST 10:57:34 on 10/02/2012 |
Name | THE LIBERTY GROUP CONSORTIUM PTY LTD | |
ACN
| ||
ABN
| ||
Australian Proprietary Company, Limited By Shares | ||
Registration Date | 08/05/1998 | |
Next Review Date | 08/05/2012 | |
Registered | ||
Locality of Registered Office | Sydney NSW 2000 | |
Australian Securities & Investments Commission |
 |
Former Name(s) | TOUROS PTY LTD |
|
These are the documents that ASIC has most recently received from or in relation to this organisation. Page numbers are shown if processing is complete and the document is available for purchase. | ||||
Date | Number | Pages | Description | |
|---|---|---|---|---|
04/03/2011 | 7E3515893 | 2 | 484E Change to Company Details Appointment or Cessation of A | |
Company Officeholder | ||||
17/04/2008 | 7E1573430 | 2 | 484A1 Change to Company Details Change Officeholder Name Or | |
Address | ||||
06/03/2008 | 7E1512806 | 2 | 484E Change to Company Details Appointment or Cessation of A | |
Company Officeholder | ||||
About Challenger
Established in 1985, Challenger Limited is a large Australian financial institution listed on the Australian Securities Exchange.
Our business is dedicated to providing safe, reliable and high-performing fixed income products to a wide range of institutional, superannuation and retail clients.
Challenger's annuity and annuity-like offerings are unique in the marketplace. They are protected by the capital and income guarantee of our prudentially-regulated life company, yet also offer attractive rates of return that often exceed those offered by bank term deposits and investment-grade bond funds.
Challenger's annuities are commonly used by institutions, retail customers and financial advisers to:
- Provide stable, regular retirement income that is payable yearly, half-yearly, quarterly or monthly
- Invest cash securely for the medium to long-term (up to 50 years)
- Diversify from other secure investments such as bank term deposits
Extracted from ASIC's database at AEST 10:59:54 on 10/02/2012 |
Name | CHALLENGER LIMITED | |
ACN
| ||
ABN
| ||
Australian Public Company, Limited By Shares | ||
Registration Date | 06/11/2003 | |
Next Review Date | 06/11/2012 | |
Registered | ||
Locality of Registered Office | Sydney NSW 2000 | |
Australian Securities & Investments Commission |
|
Former Name(s) | CHALLENGER FINANCIAL SERVICES GROUP LIMITED |
|
These are the documents that ASIC has most recently received from or in relation to this organisation. Page numbers are shown if processing is complete and the document is available for purchase. | ||||
Date | Number | Pages | Description | |
|---|---|---|---|---|
06/02/2012 | 5E2926639 | 6 | 7053A Disclosure Notice - Ex Australian Stock Exchange | |
02006 ASX Shareholder Details - Other | ||||
23/01/2012 | 5E2916466 | 6 | 7053A Disclosure Notice - Ex Australian Stock Exchange | |
02006 ASX Shareholder Details - Other | ||||
23/01/2012 | 7E4230961 | 2 | 492 Request For Correction | |
Extracted from ASIC's database at AEST 10:59:54 on 10/02/2012 |
Name | CHALLENGER FINANCIAL SERVICES LIMITED | |
ACN
| ||
ABN
| ||
Australian Public Company, Limited By Shares | ||
Registration Date | 06/05/1999 | |
Next Review Date | 06/05/2012 | |
Registered | ||
Locality of Registered Office | Sydney NSW 2000 | |
Australian Securities & Investments Commission |
|
Former Name(s) | CHALLENGER LIMITED |
CHALLENGER HEDGING LIMITED |
|
These are the documents that ASIC has most recently received from or in relation to this organisation. Page numbers are shown if processing is complete and the document is available for purchase. | ||||
Date | Number | Pages | Description | |
|---|---|---|---|---|
09/09/2011 | 7E3939121 | 14 | 388A (FR 2011) Financial Report Financial Report - Public Company Or | |
Disclosing Entity | ||||
10/03/2011 | 7E3530242 | 2 | 484E Change to Company Details Appointment or Cessation of A | |
Company Officeholder | ||||
03/03/2011 | 7E3514464 | 2 | 484E Change to Company Details Appointment or Cessation of A | |
Company Officeholder | ||||
Board of directors
Peter Polson - Chairman
Peter Polson was appointed Chairman of Challenger in June 2004. Previously, he held the position of Group Executive, Investment and Insurance Services at the Commonwealth Bank, where he was responsible for all investment and insurance services for the group. Mr Polson retired from the Commonwealth Bank in October 2002. Since the early 1990s Mr Polson has held a number of executive roles in financial services including positions at the Colonial group and National Mutual Funds Management (International) Limited.
Peter Polson was appointed Chairman of Challenger in June 2004. Previously, he held the position of Group Executive, Investment and Insurance Services at the Commonwealth Bank, where he was responsible for all investment and insurance services for the group. Mr Polson retired from the Commonwealth Bank in October 2002. Since the early 1990s Mr Polson has held a number of executive roles in financial services including positions at the Colonial group and National Mutual Funds Management (International) Limited.
Dominic Stevens - Chief Executive Officer
Prior to accepting the role of Chief Executive Officer in September 2008, Dominic Stevens was Deputy Managing Director of Challenger. Mr Stevens joined Challenger in September 2003 during which time he primarily held responsibility for overseeing Challenger's capital, risk management and strategy group.
Prior to accepting the role of Chief Executive Officer in September 2008, Dominic Stevens was Deputy Managing Director of Challenger. Mr Stevens joined Challenger in September 2003 during which time he primarily held responsibility for overseeing Challenger's capital, risk management and strategy group.
Prior to joining Challenger, Mr Stevens led the foundation and was the Senior Managing Director of Zurich Capital Markets in the Asian region. Zurich Capital Markets Asia, specialised in the areas of structured finance, derivative solutions and provision of risk management products to investors in alternative assets.
From 1987 to 1999 Mr Stevens held a number of senior roles at Bankers Trust. Mr Stevens was a Partner of Bankers Trust Company, where he headed the Bankers Trust commodity businesses globally (ex energy). In addition Mr Stevens was responsible for the derivatives risk management business at Bankers Trust Australia.
Mr. Stevens was awarded a Bachelor of Commerce (Hons) Finance in 1986 from the University of New South Wales, Sydney Australia.
Russell Hooper
Russell Hooper was previously a director and chairman of the audit committee for Commonwealth Insurance Limited, a subsidiary of the Commonwealth Bank. Mr Hooper was also previously Chief General Manager, Funds Management at St. George Bank Limited and prior to that held various positions within the financial services group at Advance Bank Limited and St. George Bank Limited for more than thirteen years.
Russell Hooper was previously a director and chairman of the audit committee for Commonwealth Insurance Limited, a subsidiary of the Commonwealth Bank. Mr Hooper was also previously Chief General Manager, Funds Management at St. George Bank Limited and prior to that held various positions within the financial services group at Advance Bank Limited and St. George Bank Limited for more than thirteen years.
Graham Cubbin
Graham Cubbin joined the Challenger Board in January 2004. Mr Cubbin was a Senior Executive with CPH from 1990 until September 2005, including Chief Financial Officer for 13 years. Prior to joining CPH, Mr Cubbin held senior finance positions with a number of major companies including Capita Finance Group and Ford Motor Company.
Graham Cubbin joined the Challenger Board in January 2004. Mr Cubbin was a Senior Executive with CPH from 1990 until September 2005, including Chief Financial Officer for 13 years. Prior to joining CPH, Mr Cubbin held senior finance positions with a number of major companies including Capita Finance Group and Ford Motor Company.
Leon Zwier
Leon Zwier became an independent director on the board in September 2006. He is a lawyer from Melbourne, a partner in legal firm Arnold Bloch Leibler since 1991, whose practice focuses on commercial litigation and dispute resolution; and corporate recovery and insolvency.
Leon Zwier became an independent director on the board in September 2006. He is a lawyer from Melbourne, a partner in legal firm Arnold Bloch Leibler since 1991, whose practice focuses on commercial litigation and dispute resolution; and corporate recovery and insolvency.
Jonathan GrunzweigJonathan Grunzweig became a director of the board in November 2010. Based in California, USA, he is Principal and Chief Investment Officer (CIO) of Colony Capital, LLC, and oversees the sourcing, structuring, execution and management of all Colony Capital investments and divestments on a global basis. Prior to joining Colony in 1999, Mr. Grunzweig was a Partner with the law firm of Skadden, Arps, Slate, Meagher & Flom LLP, where he specialised in corporate finance and mergers and acquisitions.
Brenda ShanahanBrenda Shanahan became a director of the board in April 2011. Ms Shanahan is a Graduate of Melbourne University in Economics and Commerce and a Fellow of the Institute of Directors. Ms Shanahan has a research and institutional background in finance in Australia and overseas economies and sharemarkets. She has held executive positions in stock broking, investment management and an actuarial firm. Ms Shanahan is also a non-executive director of Clinuvel Pharmaceuticals Limited.
Executive management
Dominic Stevens - Chief Executive OfficerPrior to accepting the role of Chief Executive Officer in September 2008, Dominic Stevens was Deputy Managing Director of Challenger. Mr Stevens joined Challenger in September 2003 during which time he primarily held responsibility for overseeing Challenger's capital, risk management and strategy group.
Prior to joining Challenger, Mr Stevens led the foundation and was the Senior Managing Director of Zurich Capital Markets in the Asian region. Zurich Capital Markets Asia, specialised in the areas of structured finance, derivative solutions and provision of risk management products to investors in alternative assets.
From 1987 to 1999 Mr Stevens held a number of senior roles at Bankers Trust. Mr Stevens was a Partner of Bankers Trust Company, where he headed the Bankers Trust commodity businesses globally (ex energy). In addition Mr Stevens was responsible for the derivatives risk management business at Bankers Trust Australia.
Mr. Stevens was awarded a Bachelor of Commerce (Hons) Finance in 1986 from the University of New South Wales, Sydney Australia.
Brian Benari - Chief Financial Officer / Chief Operating OfficerBrian Benari is responsible for the Group's operational areas, which includes finance, legal, tax, compliance, information technology and corporate affairs functions.
Mr Benari joined Challenger in 2003 and prior to taking on this role in November 2008, Mr Benari was Chief Executive of Challenger Mortgage Management, establishing the division with the acquisition of Interstar Securities, one of Australia's largest mortgage lenders. Under Mr Benari's leadership the division expanded to include residential and commercial mortgage lending arms as well as owning or having material interests in three of the four largest mortgage broker platform operations in Australia.
Mr Benari, a Chartered Accountant, was with Zurich Capital Markets Asia in the role of Chief Operating Officer/Chief Financial Officer and has also held senior executive roles with Macquarie Bank and Bankers Trust.
Richard Howes - Chief Executive, LifeIn November 2008 Richard Howes was appointed to the role of Chief Executive Life, with overall executive responsibility for the management of Challenger's APRA regulated Life Company. Prior to this appointment Mr Howes held dual roles at Challenger, firstly as the Principal Executive Officer - Balance Sheet, and secondly as Head of Debt Investments, responsible for the creation and management of specialised funds within the areas of fixed income, structured credit, hedge funds and other alternative investment asset classes.
Mr Howes joined Challenger in June 2003 from Zurich Capital Markets where he was responsible for the derivatives franchise that provided risk management solutions to major companies and institutions globally. Prior to that time, Mr Howes was co-head of Agricultural Commodities at Macquarie Bank in Chicago where he was responsible for staff in Chicago, New York, London, Sao Paulo, Buenos Aires, and Sydney. Mr Howes also spent six years at Bankers Trust within the financial markets group in financial and commodity derivatives.
Robert Woods - Chief Executive, Funds ManagementRob Woods is responsible for Challenger's Funds Management business, which includes our Boutique Partnership and Aligned Investment activities. The business manages over $22 billion of FUM for both our clients and the Life Company. Rob joined Challenger in November 2003 and prior to taking his current role, he was the Chief Executive of Challenger's Asset Management business which included Challenger Life and our Specialised Fund activities. In this role Rob was responsible for managing over $10 billion of assets, in the Infrastructure, Real Estate and Credit asset classes.
Paul Rogan - Chief Executive, Distribution, Product & MarketingPaul Rogan joined Challenger in November 2005 and was appointed to his current role in January 2011. In this newly created role Mr Rogan is responsible for the strategic direction and co-ordination of the Group's distribution, product and marketing functions. Mr Rogan has over 25 years experience in financial services both in Australia and overseas, including executive management roles at Lend Lease and NAB (where Mr Rogan was CEO of NAB's Wealth Management operations in Europe). Mr Rogan's prior roles with Challenger include Group Chief Financial Officer and Executive General Manager, Capital Risk & Strategy.
Richard Willis - Chief Risk OfficerRichard Willis joined Challenger in November 2003 and was appointed to his current role in January 2011. Prior to taking on his current role Mr Willis was Head of Risk and Treasury where he was responsible for overseeing Challenger's treasury and risk functions.
Prior to joining Challenger, Mr Willis held senior roles at Zurich Capital Markets (Asian region) specializing in areas of structured finance and at Bankers Trust in the Debt Capital Markets division specializing in securitization.
Blair Beaton - Head of Strategy and Mergers & AcquisitionsBlair Beaton joined Challenger in July 2003 and since that time has been involved in all of the Company's significant strategic initiatives. Prior to joining Challenger he was a partner in a Canadian corporate finance advisory boutique. Mr Beaton worked at Price Waterhouse in Canada and Australia and has specialised in strategy and M&A for over 20 years.
Jennifer Wheatley - Executive General Manager Human Resources Jennifer Wheatley joined Challenger in October 2002. Prior to this Ms Wheatley was Human Resources Manager at Mistearl Northshore the largest franchisee of Shell Service Stations in Australia. Ms Wheatley has provided HR consultancy services to numerous companies in Australia, including the Peugeot Dealer Group, during its transfer to the Sime Darby Motor Group; Wattyl and the Oroton Group.
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"...Prison bonds are a subset of a fixed income security class called lease revenue bonds (LRBs). Lease revenue bonds used to finance prisons have a few characteristics that make them attractive to investors--not the least of which is their relative safety compared to their yield. Further, they are exempt from state taxation for residents of the state of issue.
If you're looking for enhanced yield without imprudently ratcheting up your risk, read on.
Shoving aside the legal fiction created by these transactions, a lease revenue bond is actually a loan made to the state by the bond holders that is repaid by income (revenue) generated by the project...."
people involved in the operation of the melbourne county court have been or are still involved heavily with the following organisations
Colonial group
National Mutual Funds Management (International) Limited.
Commonwealth Bank
Zurich Capital Markets
Bankers Trust
Advance Bank Limited
St. George Bank Limited
Capita Finance Group
Ford Motor Company
Arnold Bloch Leibler
Colony Capital
Skadden, Arps, Slate, Meagher & Flom
Clinuvel Pharmaceuticals Limited
Interstar Securities
Macquarie Bank
the Life Company
Lend Lease
NAB
Price Waterhouse
Mistearl Northshore
shell
Commonwealth Bank
Zurich Capital Markets
Bankers Trust
Advance Bank Limited
St. George Bank Limited
Capita Finance Group
Ford Motor Company
Arnold Bloch Leibler
Colony Capital
Skadden, Arps, Slate, Meagher & Flom
Clinuvel Pharmaceuticals Limited
Interstar Securities
Macquarie Bank
the Life Company
Lend Lease
NAB
Price Waterhouse
Mistearl Northshore
shell
money money money ...
"...Prison bonds are a subset of a fixed income security class called lease revenue bonds (LRBs). Lease revenue bonds used to finance prisons have a few characteristics that make them attractive to investors--not the least of which is their relative safety compared to their yield. Further, they are exempt from state taxation for residents of the state of issue.
If you're looking for enhanced yield without imprudently ratcheting up your risk...
...Shoving aside the legal fiction created by these transactions, a lease revenue bond is actually a loan made to the state by the bond holders that is repaid by income (revenue) generated by the project...."
OK, so remembering that the County Court is a trading name for the business called ‘STATE OF VICTORIA–DEPARTMENT OF JUSTICE’, which corporately governs VICTORIA POLICE,
WHAT IS THE RELATIONSHIP BETWEEN LIBERTY, the parent company, CHALLENGER, and the STATE OF VICTORIA–DEPARTMENT OF JUSTICE?
http://www.abr.business.gov.au/SearchByAbn.aspx?abn=32790228959
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