Australian Government Privatisation Of Qantas Sale Act Essay

Australian Government Privatisation Of Qantas Sale Act Essay

Length: 757 words (2.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

5. Legislation – Qantas Sale Act

Between 1992 and 1995 the Australian government completed the privatisation of Qantas, the Australian Parliament also passed legislation referred as the Qantas Sale Act 1992 (QSA). The Department of Parliamentary Services (2014) reports that under this legislation foreign ownership was capped and the airlines brand ‘QANTAS’ and operations must remain substantially in Australia.

In 2014 the Australian Parliament passed amendments to repeal those rules in the Qantas Sale Act (1992), in addition though QANTAS must still comply with legislation under the Air Navigation Act 1920. This legislation means that Qantas must be able to demonstrate that ownership of its International operations are substantially owned and effectively controlled by Australian nationals. The repeal of legislation performed under the Qantas Sale Amendment Bill 2014 allows QANTAS to trade under the same regime as Virgin Australia.

6. Qantas Board Review

Reviewing the Qantas Board charter against ASX (2014) recommendations 1.4, 2.1, 2.4, 2.5, 4.1, 7.1, 7.2, 7.3 and 8.1 the Qantas Board Charter and Constitution is very clear particularly around the independence of the board and the composition of the role of Chairman and CEO as well as the committees under the board’s guidance. The board has structured itself to meet the requirements of the ASX (2014)

1. Board Structure

The composition of the board is clearly documented in the Charter that the board must be majority Independent Non-Executive Director (INED) and only the CEO position. The chairman role is also outlined and that the incumbent must be an INED who an Australian citizen is appointed by the board. The Chairman is not to excise the role of CEO of Qantas and m...


... middle of paper ...


...nterest of the shareholder considering the large losses the company has suffered.
7. Conclusion

In conclusion the purpose of this report into the Qantas Group has demonstrated that it is clear that the Qantas board over the decades has created a charter that reflects the overall ASX (2014) guidelines. The board has also focused on increasing the focus and accountability on particular functions that are strategically important to the industry and how the airline carrier must operation their business. The overall business performance of the company though is not supporting that strong C.

This report outlines that the board needs to review its execution and overall oversight and management of the company strategy in order to balance the company’s performance and provide a return on investment for their shareholders without the misuse and management of the company.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Good and Services: The Law on the Sale of Goods Essay

- Goods and services may be supplied under a range of different contracts. The transfer of property in this case is said to fall under the Section 2(1) of the Sale of Goods Act 1979 which stated “A contract of sale of goods is a contract by which the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration, called the price.” Therefore, it is defined as a ‘contract of sale of goods’. Which is either for the (i) sale of specific goods or (ii) for the sale of unascertained goods....   [tags: remedies, sale of goods act]

Better Essays
1654 words (4.7 pages)

Essay on The Business Environment For Qantas Airways Limited

- 6.0 EXTERNAL ANALYSIS The industry for Qantas Airways Limited is a company that guides a long distance in airline, which is in international and domestic location. Qantas Airways Limited is a company that established as a world airline that comes from Australia. 6.1.0 GENERAL ENVIRONMENT ANALYSIS General environment was the most environment need to cover up and adapt to doing business, which is the business is stable or not. To determine the general business environment for Qantas Airways Limited company, there need to know a several factor which is the economy, social cultural, global, technological, political-legal and demographic factors....   [tags: Airline, Qantas, British Airways, Oneworld]

Better Essays
1587 words (4.5 pages)

The Impact of Globalization on Qantas Airlines Marketing Strategy Essay

- Globalisation is having a significant impact on marketing. This is because a business, by distributing itself across international borders makes its product more readily available to international customers and creates employment opportunities in the country it has moved to. To understand the impacts, globalisation, marketing (particularly market segmentation), global marketing strategies and general history of Qantas need to be examined. Qantas is the oldest airline in the English speaking world....   [tags: Qantas Case Study]

Better Essays
1776 words (5.1 pages)

The Dangerous Rise of Government Surveillance: The Patriot Act Essays

- "The poorest man may in his cottage bid defiance to all the force of the Crown. It may be frail; its roof may shake; the wind may blow through it; the storm may enter; the rain may enter -- but the King of England cannot enter; all this force dares not cross the threshold of the ruined tenement" (William Pitt the Elder). This idea of freedom and security against the government was the foundation for the United States when it was established in 1776. However, times have drastically changed since then....   [tags: USA Patriot Act, Government, Privacy]

Better Essays
1107 words (3.2 pages)

Qantas and Emirates: Strategic Alliance Analysis Essay example

- The strategic alliance between Qantas and Emirates was a result of a careful analysis of the airline industry and its involving competitors. Emirates CEO, Tim Clark specified that he has been closely monitoring Qantas until he saw an opportunity for both companies through a strategic alliance, mentioning that Qantas had a problem with its international segment where Emirates could help with (Joyce, 2013). The 5 year strategic alliance does not restrict to code-sharing as it includes collaboration on scheduling, pricing and sales while taking equity in each other company is out of the question, mostly because of the uneven powers between organisations (World News Australia, 2013)....   [tags: qantas, emirates, australia]

Better Essays
2043 words (5.8 pages)

Essay Sale of Goods Act

- A Section 13 (1) of the sale of goods act provides that where a good is sold by description the good must correspond with the description. The description of the good should be accurate and if the goods do not match the description the buyer is entitled to a remedy. This implied term only applies to goods sold solely by description and does not apply where the buyer inspects the goods before the purchase . In Harlington & Leinster v Christopher Hull Fine Art the buyer obtained a painting for £6,000....   [tags: buyer, slaves, seller]

Better Essays
1514 words (4.3 pages)

The Patriot Act Suppresses Criticism of the Government Essay

- The most valuable aspects of individualism is the freedom to speak and to express are feelings that is what makes us human, as President Robert F. Kennedy stated in his Day of Affirmation Address that “…the first element of this individual liberty is the freedom of speech: the right to express and communicate ideas, to set oneself apart from the dumb beasts of field and forest…” My family came to the U.S. because of the promises of freedom. When we were in India we could not speak ill of the politics that were corrupt because if we did there would be chaos and riots....   [tags: Patriot Act, freedom of speech,]

Better Essays
1043 words (3 pages)

Sex For Sale Essay

- I have often wondered what the problem with prostitution was; the act of selling sex is between the two participating in the act. I have heard many times how it hurts families, being the wives and children. Would it be better if it was free sex with another person where there were feelings involved. It seems to me, if a man or woman goes elsewhere in search of sex with no feeling that is better than a co-worker or other. Furthermore, many wants and needs are fulfilled throughout life; cars are bought that families cannot afford even homes and other indulgences why not sex....   [tags: selling sex, prostitution, regulations]

Better Essays
937 words (2.7 pages)

Kelly and Sale: Persuasive Or Pointless? Essay

- Kelly and Sale: Persuasive Or Pointless. Unarguably, since technology has been introduced, it has had profound effects, permeating not only onto society, but our entire ecological system. To categorize the effects of technology as predominantly beneficial or detrimental, as Kevin Kelly and Kirkpatrick Sale claim in their interview, is difficult. "Interview With The Luddite" captures and vividly illustrates their seemingly pointless and underdeveloped ideas. Kelly, protechnology, and Sale, a contemporary neo-Luddite, discuss many technological issues, including the automation of the labor force, oral tradition, literacy, and civilization....   [tags: Kelly Sale Argumentative Persuasive Essays]

Better Essays
1921 words (5.5 pages)

The Patriot Act Essay

- The Patriot Act After the terrorist attacks of September 11th, 2001 our country underwent a change that has drastically affected the fundamental values that our founding fathers instilled in this country. Since that tragic day in September the aftermath of the attacks has started to implicate our Civil Liberties that in this country we hold so dear. Just 45 days after the September 11 attacks, with virtually no debate, Congress passed the USA Patriot Act on October 5th, 2001. This act expanded the surveillance powers of domestic law enforcement and international intelligence agencies....   [tags: Terrorism Government Patriot Act Essays]

Better Essays
1695 words (4.8 pages)