Control of vast business empires is passing to a new generation, forcing families to confront the hard questions around succession planning. Of the 200 richest Australians, 45 are over 80 and control $136.1 billion.
The Australian office products community has once again demonstrated its generosity with more than A$50,000 (US$33,000) raised at last week’s Christmas charity lunch in Sydney. Organised by the Australian Office Products Charitable Fund (AOPCF), the event attracted more than 100 dealers, suppliers, wholesalers and guests to Club York, where AOPCF chairman John Donaghy worked feverously