THE PORT OF MELBOURNE: WHEN IS A ‘SALE’ NOT A SALE…AND DOES IT MATTER?

The saga of the ‘sale’ or not of the Port of Melbourne has been going on now for some years. Valued at around $5-10bn, the transaction will make a difference to the state government’s cash flow when the transaction goes through, as now seems likely.  But much of the argument misses a key point – the ‘sale’ will not actually be a sale at all!  And it does matter.  Let me explain.Read More »

THE ADVENTURES OF DICK (NO. 4): DICK RETURNS TO SERVICE

The following week, Lindsay took Dick to be completely overhauled the following week in the operating section of the shop. Afterwards, the specialist said the operation went well, but it would be 3 days before Dick would be well enough to return to work. Lindsay – and Dick – waited patiently to see if the operation was a success.Read More »