Foreign takeover jolts Australian real estate market
The Treasury reviews the impact of FNCB Waltons taking 50 percent of Home Units of Australia through LAC Holdings, amid government aims to curb foreign real estate ownership. A rescue avoided collapse, with TACs 31 percent, Hooker 23 percent, and CSR 25 percent stakes. HUA’s future hinges on overseas interests and a potential $40 million borrowing shortfall.
MENTIONED IN THIS ARTICLE
Federal Treasury
Fncbwaltons
Home Limis of Australia
HUA
Callojse
Sydney
Hooker Corporation
CSR
LAC
Ificance
Australia
Crean
Home Units
Torgese
Home Unis
IAC Holdings
Ceasefire ordered in Cyprus by Turkish government
Ankara announced a ceasefire in Cyprus effective at 2am AEST. Prime Minister Ecevit spoke after Cabinet approval, claiming Turkish armoured units seized Morphou and Myrtou, with forces pushing from Khaziverran to Morphou Bay. UN Security Council deplored casualties and urged respect for the peacekeeping force.
MENTIONED IN THIS ARTICLE
Ankara
Cyprus
Primce
Ecevit
Waimy
Krevil
Cnet
Stat
Semi Sancar
Uest
Morphou
Myrtou
Khaziveran
Morphou Bay
United Nations
Security Council
Austria
Australia
Cameroun
France
Peru
China
Nicosia
Famagusta
Karamantis
Clerides
Turkey
Military threat in Ethiopia amid palace upheaval
Addis Ababa reports an army push toward a military takeover as forces strike toward the emperor's seat. Armed Forces and Services Committee claims to have dissolved the Emperor’s Crown Council and Court of Justice and to have disbanded the Military Advisory Council in a bid to seize control.
MENTIONED IN THIS ARTICLE
Halle ‘Safle
Armed Forces al Services
Doctors' fees freed from price control in ACT
The Minister for the Capital Territory Mr Bryant agreed to lift price control on doctors' fees in the ACT after ACT Medical Association requests. General practitioners and specialists had been frozen since last year with tribunal findings guiding revised levels in October and May. Bryant noted patient protection under section 39b of the Medical Practitioners' National Ordinance and aimed to foster cooperation with the AMA.
MENTIONED IN THIS ARTICLE
Capital Territory
Bryant
ACT Medical Association
Act
Enderby
Canberra
AMA
Medical Fees Tribunal
ACTMA
ACIMA
Canberra lease held by public servant since 1970 raises questions
A Canberra housing official is among two people allowed to hold residential leases for more than 52 months without starting or finishing homes. The public servant, class four in the title division, received a 32-perch corner Belconnen block in 1970 with a 400 dollar premium and 67 dollar annual rent. Construction has progressed slowly due to material shortages and legal delays, with extensions sought and travel abroad noted.
MENTIONED IN THIS ARTICLE
Min
Department of the Capital Territory
Canberra
Belconnen
Department
Europe
Commonwealth
Australia
Cameron urges rank and file to oust militant union leaders
Federal Minister for Labour and Immigration Cameron told reporters in Brisbane that union members sick of strikes could seek change by voting out leaders at the next election. He backed Queensland Trades and Labour Council president J Egerton, praising his criticism of disputes amid anarchy in the industrial scene.
MENTIONED IN THIS ARTICLE
Brisbane
Labor and Immigration
Cameron
Queensland Trades and Labour Council
J. Egerton
TLO
Egerton
Cameron Sail
Melbourne
Rafferty
Queensland
CTU
Alpm Hawke
Everton
Breaking point near in Australian union unrest
In a Canberra statement, Mr Cameron cites rising industrial tension and cites the Federated Clerks Union as emblematic of disruption, warns the High Court limits government action, and predicts unemployment will worsen before any improvement. He argues wage policy and automatic price adjustments shape union pressure.
MENTIONED IN THIS ARTICLE
Cameron
Federated Clerks Union
Builders Labourers Federation
High Court
Austratiae
Natat
Teade-Unien Ae
Canberra
Acc
Embassy order to Russian violinist Valery Klimontov issued
Officials in the Soviet Embassy have ordered violinist Valery Klimontov to Perth on a one way trip. The note appears on page 3 of the edition.
MENTIONED IN THIS ARTICLE
Valery Klimo Onot
Perth
Belconnen Set for Edge Over Lakes United in Final
Belconnen brings greater experience into tomorrow’s Group 19 final at Ainstie Oval. Lakes United seeks to upset the form, with both teams aiming to claim the title and a place in upcoming fixtures.
MENTIONED IN THIS ARTICLE
Belconnen
Lakes United
Feng
Ainstiie Oval
Thousands protest union disruption in Perth march to Trades Hall
About 2,000 people marched in Perth to Trades Hall at lunch hour to protest disruptive union activities. A front-step reception by union officials delivered a protest message to Secretary J. W. Coleman. The rally started at Esplanade Gardens with a 1000 strong crowd and a Barrack Street procession. Police reported no arrests and organisers cited concern for law and order. Online reports from Melbourne and Sydney quoted Labour ministers and union leaders reacting to the protests and Everton’s call for reforms amid a national dispute cost figure from the Australian Bureau of Statistics.
MENTIONED IN THIS ARTICLE
Perth
Trades Hall
Trades and Labour Council
J. W. Coleman
Esplanade Gardens
Barrack Street
Australia
Sydney
Everton
Laurie Short
Federated Ironworkers Association
Neville Wren
Nsw
Canberra
Whitlam
Australian Bureau of Statistics
Bally takeover bid frozen by Australian government
The Federal Government froze for three months Bally Manufacturing subsidiary's bid for shares in Phillip Gardiner Pty Ltd and Club Machine Services Pty Ltd. Treasurer Crean announced the interim order under the Companies Foreign Takeovers Act, amid NSW Royal Commission concerns of crime infiltration and Bally’s involvement.
MENTIONED IN THIS ARTICLE
Bally Manufacturing Corporation
Phillip Gardiner Pty Ltd
Club Machine Services Pty Ltd
Justice Moffitt
Nsw
SW Sociab
Bally
Wil
Bally Australia Pty Ltd
Canberra Youth Orchestra finalists vie for study award
Two Canberra Youth Orchestra musicians reach the final three in the Gabrielle Harrison scholarship competition. One will win a year of oboe study in London with Professor Leon Goossens, announced at the LOTS International Festival finale at the Royal Albert Hall. Finalists include Anne Gilby and Geoffrey Beatty.
MENTIONED IN THIS ARTICLE
Abladeen
Priday
Canberra
London
Lots International Festival of Youth Orchestras
Performing Arta — 4
Royal Albert Hall
Gabrielle Harrison
Anne Gilby
Geoffrey Beatty
David Thomas
Bedfordshire
Leon Goossens
Also Mentioned on This Page
Treasury
LAC Holdings
FNC R Firs
National City Peak Sail
Tacs
Australia Group
FNCB
Reserve Bank
HUA the Group
Council
Nish
Commonwealth Police
J. M. Davis
Camberra
Australian Police In Cyprus Association
Comrest
Cyors
Vwsh
Teland
Greece
Sato
Cray Jacobsen
Jistin Alder
Cole Porter
Weston Creek High School
Ethiopia
Addis Awa
Pridd
Sue van den Heuvel
Bruce Wright
Mr Cameron
Mr Egerton
Manufacturing Industry
Hamilton Hume
William Howell
Port Phillip
Jon Hodpkinson
World News
Cardening
Vinance
Foster
Irier
Labor Party
Bally Frozen
Mr Crean
Government Gazette
Royal Commission
Bally Company
Phillip
Ffelyn Hood
Tne
Fisancta
Farrer
Bhp
Cressile
Cortge
Sundeck
Informatvan
Duffy
Goodsie
Weeden Plate
Gerema Place
City
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